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BRIEF-Roots Posts Quarterly Comparable Sales Decline Of 1.8%

Published 2020-04-29, 07:44 a/m
ROOT
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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

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