November 12, 2020
Net loss attributable to shareholders at the Chinese manufacturing and retail giant was $154,051,000 in the first nine months of 2020 against a profit of $229,437,000 on a 19% sales decline to $6,086,664,000 from $7,519,624,000.
Callaway and Topgolf execs provided some color on the merging companies’ roadmap to top line growth in 2022, but stopped short of providing formal forecasts on their combined FY21.
Manchester United’s commercial revenues tumbled 26% to £59.7 million ($77.1 mm) in its fiscal Q1 ended Sep. 30 from £80.4 million last year, including a 32% drop in sponsorship revenue to £36.5 million and a 13% decline in retail, merchandising, apparel & product licensing revenue to £23.2 million.
Samsonite’s Gregory Mountain Products was its best performing brand in the quarter ended Sep. 30, declining just 12% to $15.9 million from $18.0 million, but it’s more casual High Sierra line tumbled 70% to $4.5 million from $14.9 million last year.
The 12-year company veteran was most recently SVP of digital commerce, planning, allocation and stores, and held several positions overseeing sales, merchandising and store operations before that.
HIBB realigned the structure of its merchandising team for Hibbett and City Gear under SVP & chief merchant, Jared Briskin, now organized into men’s, women’s, and kids’ verticals across product categories.