Yue Yuen Q1 Revenues Slump 20.6 Percent

Yue Yuen Industrial (Holdings) Limited, the largest sports footwear manufacturer, recorded revenue of $1.97 billion in the three months ended March 31, representing a decrease of 20.6 percent compared to revenue of $2.48 billion recorded in the same period of 2019.

Adidas Launches #HOMETEAMHERO Challenge

Adidas plans to launch a virtual sporting event, the #HOMETEAMHERO Challenge, to support essential workers. From May 29 to June 7, for every hour of tracked activity, Adidas will donate $1 to the COVID-19 Solidarity Response Fund for the World Health Organization (WHO), with the goal of reaching one million hours.

Dillard’s Q1 Sales Cut In Half

Dillard’s Inc. reported first-quarter sales decreased 47 percent to $786.7 million from $1.5 billion in the year-ago quarter. The company reported no comparable store sales data for the quarter ended May 2 due to the temporary closure of its brick & mortar stores as well as the interdependence between in-store and online sales.

Under Armour Amends Credit Agreement

Under Armour, Inc. entered into an amendment to its loan with JPMorgan Chase Bank that suspends the interest coverage covenant and lowers the debt to EBITDA ratio requirement under its leverage covenant.

Franklin Retail Solutions Hires Cathy Pryor As President

Franklin Retail Solutions, a leading provider of in-store services within major retailers in the sports, outdoor, and fitness industries, has hired Cathy Pryor as president. Pryor was an executive officer and VP of store operations at Hibbett Sports.