Brief: Roots Posts Quarterly Comparable Sales Decline Of 1.8%

Roots

29/04/2020 12:44

April 29 (Reuters) - Roots Corp  ROOT.TO :
    * ROOTS REPORTS FISCAL 2019 FOURTH QUARTER AND YEAR-END
RESULTS
    * ROOTS CORP - QTRLY TOTAL SALES OF $127.5 MILLION, COMPARED
TO
$130.8 MILLION IN THE FOURTH QUARTER OF FISCAL 2018
    * ROOTS CORP - QTRLY COMPARABLE SALES DECLINE OF 1.8%
    * ROOTS CORP - RECORDED A FIXED ASSET IMPAIRMENT OF $19.2
MILLION
AND GOODWILL IMPAIRMENT OF $44.8 MILLION IN QUARTER
    * ROOTS CORP -  ANNOUNCED THE LIQUIDATION OF ROOTS USA
CORPORATION, ITS U.S. SUBSIDIARY, THROUGH A CHAPTER 7 BANKRUPTCY
FILING
    * ROOTS CORP -  MADE DECISION TO TEMPORARILY LAY OFF ITS
STORE AND
LEATHER FACTORY EMPLOYEES

Source text for Eikon:  ID:nCNWxZ6BSa 
Further company coverage:  ROOT.TO 

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