Nike And Roma To End Sponsorship

Roma, the Italian professional football club based in Rome, announced a “premature termination” of its partnership with Nike at the close of the 2019/20 season.

Zalando Forecasts Strong Q2

Zalando SE, Europe’s leading online platform for fashion, expects a significant increase in sales and EBIT in the second quarter, which is significantly above current market expectations.

U.S. Retail Sales Climb 7.5 Percent In June

U.S. retail sales jumped 7.5 percent in June from the prior month as some stores and restaurants reopened. Results came out ahead of Reuters’ expectations calling for an increase of 5 percent.

Tilly’s Warns Of Sluggish Restart

Tilly’s Inc. provided a business update indicating that same-store sales are down 9.4 percent through July 14 and being impacted by weak traffic as stores reopen. The retailer also warned that sales will be impacted by the state of California’s decision on July 13 to close indoor shopping malls after reopening them in mid-June. 

Anta Warns On First-Half Profits

Anta Sports Products Ltd. said it expects profits to decline up to 25 percent in the first half ended June 30 and up to 35 percent after taking into account its share of the loss from the Amer Sports acquisition.

StockX Sees Accelerated Growth Amid Pandemic

Despite unprecedented, industry-wide challenges due to the global pandemic, StockX, the sneaker re-selling website, announced it has now surpassed $2.5 billion in gross merchandise value (GMV) and has experienced its biggest months of sales in the second quarter.

JCPenney To Cut Jobs In Restructuring

J. C. Penney Company Inc., which is reorganizing in bankruptcy proceedings, announced that it is aligning its workforce with its store optimization strategy and reduced store footprint. The company will reduce its workforce by approximately 1,000 corporate, field management, and international positions.

Varsity Brands Campaign To Support The Return Of School

Varsity Brands, the parent of BSN Sports, Varsity Spirit and Herff Jones, announced the launch of a campaign, Impact Now, in anticipation of the 2020-2021 school year. Impact Now leverages Varsity Brands’ scale to offer administrators, faculty, and coaches with a digital playbook and related resources that advance school health, safety, and emotional and physical needs of students in both physical and virtual classroom settings.

Play It Again Parent Sees Q2 Earnings Dip

Winmark Corporation, the parent of Play it Again Sports, reported net income for the quarter ended June 27 of $5.06 million, or $1.33 per share, compared to net income of $7.3 million, or $1.79,  in the second quarter of 2019.