The American owner of stores including Foot Locker and Runners Point has announced revenue of $7.55 billion for 2020, down 5.7% from the previous year, while the company's net earnings fell 34% to $323 million.
The US sport retailer’s sales plummeted in the quarter which ended on May 2, falling by 43%. Stores are gradually reopening, but a major overhaul is on the cards, including closure of the Runners Point chain in Germany.
With North American retailers implementing store closures to combat the spread of Covid-19 since the weekend, Tuesday’s announcements have come from the likes of Macy's, Ralph Lauren, AEO, Foot Locker and Tapestry.
Following a string of strong quarterly results, the American sportswear retailer reported declines in both sales and earnings in the second quarter ended August 3, 2019, falling short of Wall Street's expectations.
The New York-based sports and footwear retailer announced on Tuesday that it has realigned its organizational operating model into three geographical regions, appointing the new divisions’ leaders from within.
The sportswear retailer has announced net income of $88 million for the second quarter ended August 4, 2018, compared to the $51 million reported in Q2 2017, with rises in net sales and comps contributing to the uptick.
The German chain has appointed Johannes Jurecka to the newly created role of chief operations officer, poaching the exec from Foot Locker Europe. He will be in charge of e-commerce, marketing and fashion operations.