Decades

Delta Apparel Announces Preliminary Third Quarter Results

Retrieved on: 
Thursday, July 9, 2020

Preliminary third quarter net sales of $72 million; June sales approximately 90% of prior year results

Key Points: 
  • Preliminary third quarter net sales of $72 million; June sales approximately 90% of prior year results
    GREENVILLE, S.C., July 09, 2020 (GLOBE NEWSWIRE) -- Delta Apparel, Inc. (NYSE American: DLA), a leading provider of core activewear and lifestyle apparel products, today announced preliminary results for its 2020 fiscal third quarter ended June 27, 2020 and provided a business update.
  • Mr. Humphreys concluded, We look forward to providing a more comprehensive review of our third quarter results during our earnings call on Thursday, July 30, 2020.
  • I remain confident Delta Apparel is in a solid financial position to emerge from this pandemic stronger, and we are ready to profitably grow our business.
  • Delta Apparel, Inc., along with its operating subsidiaries, DTG2Go, LLC, Salt Life, LLC, and M.J. Soffe, LLC, is a vertically-integrated, international apparel company that designs, manufactures, sources, and markets a diverse portfolio of core activewear and lifestyle apparel products under the primary brands of Salt Life, COAST, Soffe, and Delta.

Blue Hat Announces Signing of Securities Purchase Agreement

Retrieved on: 
Thursday, July 9, 2020

Blue Hat Interactive Entertainment Technology is a producer, developer and operator of AR interactive entertainment games and toys in China, including interactive educational materials, mobile games, and toys with mobile game features.

Key Points: 
  • Blue Hat Interactive Entertainment Technology is a producer, developer and operator of AR interactive entertainment games and toys in China, including interactive educational materials, mobile games, and toys with mobile game features.
  • Distinguished by its own proprietary technology, Blue Hat aims to create an engaging, interactive and immersive community for its users.
  • This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended.
  • These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.

The Buckle, Inc. Reports June 2020 Net Sales

Retrieved on: 
Thursday, July 9, 2020

The Buckle, Inc. (NYSE: BKE) announced today that total net sales for the 5-week fiscal month ended July 4, 2020 increased 26.8 percent to $94.8 million from net sales of $74.8 million for the prior year 5-week fiscal month ended July 6, 2019.

Key Points: 
  • The Buckle, Inc. (NYSE: BKE) announced today that total net sales for the 5-week fiscal month ended July 4, 2020 increased 26.8 percent to $94.8 million from net sales of $74.8 million for the prior year 5-week fiscal month ended July 6, 2019.
  • Net sales for the 22-week fiscal period ended July 4, 2020 decreased 22.6 percent to $261.4 million from net sales of $337.6 million for the prior year 22-week fiscal period ended July 6, 2019.
  • As previously announced, Buckle temporarily closed all brick and mortar stores due to the COVID-19 pandemic beginning March 18, 2020.
  • The Company began the process of reopening certain stores the week of April 26, 2020, following state and local reopening guidelines.

Global Retail Sporting Goods Suppliers Leadership Study 2019: Nike, Foot Locker, Dick's, Adidas, Puma and Rudolf Dassler - ResearchAndMarkets.com

Retrieved on: 
Wednesday, July 8, 2020

Over the years, the level of demand for retail sporting goods has increased due to growth in the global sports market and rising number of sporting events.

Key Points: 
  • Over the years, the level of demand for retail sporting goods has increased due to growth in the global sports market and rising number of sporting events.
  • The analyst, a leading global management consulting and market research firm, has analyzed the global retail sporting goods suppliers and has come up with a comprehensive research report, Leadership Quadrant and Strategic Positioning of Retail Sporting Goods Suppliers.
  • Using its proprietary research methodology, the analyst has developed a comparative analysis tool, the 'Leadership Quadrant,' which identifies leaders, contenders, visionaries, and specialists in the retail sporting goods market and rates each retail sporting goods producer.
  • In this research study, six companies such as Nike, Foot Locker, Dick's, Adidas, Puma, and Rudolf Dassler were analyzed and profiled because they are the top revenue producers for retail sporting goods.

Committee demands detailed plan for PPE from DHSC within 2 months, ahead of potential second Covid wave

Retrieved on: 
Wednesday, July 8, 2020

COMMONSCommittee demands detailed plan for PPE from DHSC within 2 months, ahead of potential second Covid wave

Key Points: 


COMMONS

Committee demands detailed plan for PPE from DHSC within 2 months, ahead of potential second Covid wave


    In a report published today, Tuesday 7 July 2020, the Public Accounts Committee warns that Government does not have either a clear understanding of the equipment needed for clinical and care workers, or how to distribute it – particularly in the more fragmented care sector.  

Personal protective equipment shortages

    • The Committee is extremely concerned by widely reported shortages of personal protective equipment (PPE) for clinical and care workers during the first wave of the COVID-19 pandemic and says Government is still not treating this with sufficient urgency.It is absolutely vital that the same problems do not happen again in the event of a second wave, but uncertainty still prevails around future provision of local PPE across the health and social care sectors.
    • Within two months of this report the Committee expects the Department for Health and Social Care (DHSC) to clarify its governance arrangements and outline when it expects to have a predictable supply of stock and ready access to PPE supply within the NHS and care sectors.
    • This should include detail on the roles and responsibilities for the procurement and distribution of personal protective equipment across NHS and social care settings.

'The NHS needs a plan'

    • The Committee says the NHS now needs a coherent plan for how it will function after the peak of the COVID-19 crisis.The crisis cannot be used as an excuse not to address long-standing issues, highlighted in previous PAC reports, such as workforce shortages, coherent and aligned capital investment strategies, and tackling trust deficits.
    • As part of the preparation for COVID-19 to protect the NHS and save lives the Government provided significant additional funding to the NHS, including writing off 13.4bn of loans.
    • But this, and funding for specific staffing and other support, do not address the underlying issues of the NHS financial sustainability the PAC has been highlighting for years alongside reports on the increasingly poor performance against waiting times standards for A&E and cancer, and on the growing waiting lists for elective treatments.

Failure to devise a capital strategy

    • In 2018-19 all NHS trusts in England were together running a combined net deficit of 827 million.
    • The long-term failure to devise a capital strategy to address this was extended when the comprehensive 2019 Spending Review was postponed, to focus on exiting the EU.
    • The Committee says DHSC and NHS England & NHS Improvement (NHSE&I) must now identify a capital strategy that clearly sets out expectations on how backlog maintenance costs will be addressed.
    • There is a similar long-term failure to publish a people plan, and continued lack of long-term investment in people and training, to address the 40,000 nursing vacancies and 9,000 vacancies for medical staff in the NHS.

The Committee says

    Chair's comments

      • Meg Hillier MP, Chair of the Committee, said: The Government conducted a large pandemic practice exercise in 2016 but failed to prepare.
      • There is no room and must be zero tolerance for allowing the underlying funding problems to continue.
      • The Government conducted a large pandemic practice exercise in 2016 but failed to prepare.
      • There must be total focus now on where the problems were in procurement and supply in the first wave, and on eradicating them.

    Conclusions and recommendations 

    Committee demands detailed plan for PPE from DHSC within 2 months, ahead of potential second Covid wave

    Retrieved on: 
    Wednesday, July 8, 2020

    COMMONSCommittee demands detailed plan for PPE from DHSC within 2 months, ahead of potential second Covid wave

    Key Points: 


    COMMONS

    Committee demands detailed plan for PPE from DHSC within 2 months, ahead of potential second Covid wave


      In a report published today, Tuesday 7 July 2020, the Public Accounts Committee warns that Government does not have either a clear understanding of the equipment needed for clinical and care workers, or how to distribute it – particularly in the more fragmented care sector.  

    Personal protective equipment shortages

      • The Committee is extremely concerned by widely reported shortages of personal protective equipment (PPE) for clinical and care workers during the first wave of the COVID-19 pandemic and says Government is still not treating this with sufficient urgency.It is absolutely vital that the same problems do not happen again in the event of a second wave, but uncertainty still prevails around future provision of local PPE across the health and social care sectors.
      • Within two months of this report the Committee expects the Department for Health and Social Care (DHSC) to clarify its governance arrangements and outline when it expects to have a predictable supply of stock and ready access to PPE supply within the NHS and care sectors.
      • This should include detail on the roles and responsibilities for the procurement and distribution of personal protective equipment across NHS and social care settings.

    'The NHS needs a plan'

      • The Committee says the NHS now needs a coherent plan for how it will function after the peak of the COVID-19 crisis.The crisis cannot be used as an excuse not to address long-standing issues, highlighted in previous PAC reports, such as workforce shortages, coherent and aligned capital investment strategies, and tackling trust deficits.
      • As part of the preparation for COVID-19 to protect the NHS and save lives the Government provided significant additional funding to the NHS, including writing off 13.4bn of loans.
      • But this, and funding for specific staffing and other support, do not address the underlying issues of the NHS financial sustainability the PAC has been highlighting for years alongside reports on the increasingly poor performance against waiting times standards for A&E and cancer, and on the growing waiting lists for elective treatments.

    Failure to devise a capital strategy

      • In 2018-19 all NHS trusts in England were together running a combined net deficit of 827 million.
      • The long-term failure to devise a capital strategy to address this was extended when the comprehensive 2019 Spending Review was postponed, to focus on exiting the EU.
      • The Committee says DHSC and NHS England & NHS Improvement (NHSE&I) must now identify a capital strategy that clearly sets out expectations on how backlog maintenance costs will be addressed.
      • There is a similar long-term failure to publish a people plan, and continued lack of long-term investment in people and training, to address the 40,000 nursing vacancies and 9,000 vacancies for medical staff in the NHS.

    The Committee says

      Chair's comments

        • Meg Hillier MP, Chair of the Committee, said: The Government conducted a large pandemic practice exercise in 2016 but failed to prepare.
        • There is no room and must be zero tolerance for allowing the underlying funding problems to continue.
        • The Government conducted a large pandemic practice exercise in 2016 but failed to prepare.
        • There must be total focus now on where the problems were in procurement and supply in the first wave, and on eradicating them.

      Conclusions and recommendations 

      Committee demands detailed plan for PPE from DHSC within 2 months, ahead of potential second Covid wave

      Retrieved on: 
      Wednesday, July 8, 2020

      COMMONSCommittee demands detailed plan for PPE from DHSC within 2 months, ahead of potential second Covid wave

      Key Points: 


      COMMONS

      Committee demands detailed plan for PPE from DHSC within 2 months, ahead of potential second Covid wave


        In a report published today, Tuesday 7 July 2020, the Public Accounts Committee warns that Government does not have either a clear understanding of the equipment needed for clinical and care workers, or how to distribute it – particularly in the more fragmented care sector.  

      Personal protective equipment shortages

        • The Committee is extremely concerned by widely reported shortages of personal protective equipment (PPE) for clinical and care workers during the first wave of the COVID-19 pandemic and says Government is still not treating this with sufficient urgency.It is absolutely vital that the same problems do not happen again in the event of a second wave, but uncertainty still prevails around future provision of local PPE across the health and social care sectors.
        • Within two months of this report the Committee expects the Department for Health and Social Care (DHSC) to clarify its governance arrangements and outline when it expects to have a predictable supply of stock and ready access to PPE supply within the NHS and care sectors.
        • This should include detail on the roles and responsibilities for the procurement and distribution of personal protective equipment across NHS and social care settings.

      'The NHS needs a plan'

        • The Committee says the NHS now needs a coherent plan for how it will function after the peak of the COVID-19 crisis.The crisis cannot be used as an excuse not to address long-standing issues, highlighted in previous PAC reports, such as workforce shortages, coherent and aligned capital investment strategies, and tackling trust deficits.
        • As part of the preparation for COVID-19 to protect the NHS and save lives the Government provided significant additional funding to the NHS, including writing off 13.4bn of loans.
        • But this, and funding for specific staffing and other support, do not address the underlying issues of the NHS financial sustainability the PAC has been highlighting for years alongside reports on the increasingly poor performance against waiting times standards for A&E and cancer, and on the growing waiting lists for elective treatments.

      Failure to devise a capital strategy

        • In 2018-19 all NHS trusts in England were together running a combined net deficit of 827 million.
        • The long-term failure to devise a capital strategy to address this was extended when the comprehensive 2019 Spending Review was postponed, to focus on exiting the EU.
        • The Committee says DHSC and NHS England & NHS Improvement (NHSE&I) must now identify a capital strategy that clearly sets out expectations on how backlog maintenance costs will be addressed.
        • There is a similar long-term failure to publish a people plan, and continued lack of long-term investment in people and training, to address the 40,000 nursing vacancies and 9,000 vacancies for medical staff in the NHS.

      The Committee says

        Chair's comments

          • Meg Hillier MP, Chair of the Committee, said: The Government conducted a large pandemic practice exercise in 2016 but failed to prepare.
          • There is no room and must be zero tolerance for allowing the underlying funding problems to continue.
          • The Government conducted a large pandemic practice exercise in 2016 but failed to prepare.
          • There must be total focus now on where the problems were in procurement and supply in the first wave, and on eradicating them.

        Conclusions and recommendations 

        Denim giant Jordache redesigns for the future with Digital Product Platform BeProduct

        Retrieved on: 
        Tuesday, July 7, 2020

        NEW YORK, July 7, 2020 /PRNewswire-PRWeb/ --Multi-brand denim powerhouse Jordache has completed its international rollout of cloud-native Digital Product Platform BeProduct.

        Key Points: 
        • NEW YORK, July 7, 2020 /PRNewswire-PRWeb/ --Multi-brand denim powerhouse Jordache has completed its international rollout of cloud-native Digital Product Platform BeProduct.
        • Replacing a legacy product lifecycle management ("PLM") platform, BeProduct was selected for its true cloud architecture, its at-a-glance usability, and for a feature set that covers the full scope of product design and development.
        • Jordache approached the market seeking a new PLM system, but came away unconvinced until its project team explored BeProduct.
        • Since going live with BeProduct, Jordache has seen a significant reduction in data entry, duplication, and rework, and BeProduct has enabled the company to pursue its ambitions for digital product creation and 3D.

        Brexit update from Environment Secretary

        Retrieved on: 
        Tuesday, July 7, 2020

        The EU Environment Sub-Committee questions Defras Secretary of State George Eustice on his Departments preparations for the end of the transition period and priorities for the UK-EU future relationship negotiations.

        Key Points: 
        • The EU Environment Sub-Committee questions Defras Secretary of State George Eustice on his Departments preparations for the end of the transition period and priorities for the UK-EU future relationship negotiations.
        • Rt Hon George Eustice MP, Secretary of State for Environment, Food and Rural Affairs
          The Committee has been examining a number of Defras policy areas that either need to be resolved in the UK-EU future relationship negotiations, or need to be implemented before the end of the Brexit transition period.
        • Members will be asking the Secretary of State about:
          Possible ways forward for the fisheries negotiations, particularly in relation to quota allocations

        Brexit update from Environment Secretary

        Retrieved on: 
        Tuesday, July 7, 2020

        The EU Environment Sub-Committee questions Defras Secretary of State George Eustice on his Departments preparations for the end of the transition period and priorities for the UK-EU future relationship negotiations.

        Key Points: 
        • The EU Environment Sub-Committee questions Defras Secretary of State George Eustice on his Departments preparations for the end of the transition period and priorities for the UK-EU future relationship negotiations.
        • Rt Hon George Eustice MP, Secretary of State for Environment, Food and Rural Affairs
          The Committee has been examining a number of Defras policy areas that either need to be resolved in the UK-EU future relationship negotiations, or need to be implemented before the end of the Brexit transition period.
        • Members will be asking the Secretary of State about:
          Possible ways forward for the fisheries negotiations, particularly in relation to quota allocations