Helly Hansen’s revenues for the second quarter fell by 21.0 percent to 68.9 million Canadian dollars (€44.1m-$52.1m), weighed down by store closures and foreign-currency headwinds. In constant currencies, they were down by 12.6 percent. Most wholesale customers were closed across the globe in the quarter, as were distribution centers and retail stores. However, the management said that Helly Hansen’s business started to pick up in June and was up 8 percent for the month, driven by continued strength in e-commerce. Canadian Tire Corp., the Canadian group which has owned the brand since 2018, saw revenues decline by 24.9 percent to Can$ 306.7 million (€196.4m-$232.1m) at its SportChek segment, which includes Helly Hansen, and other brands such as Hockey Experts, National Sports, Intersport and Atmosphere. All 398 stores across the SportChek segment closed on March 19 and began reopening from May 4 through June 24. Only two stores had yet to reopen at the quarter’s end. The management said that it saw a marked improvement in sales in June, which continued in July. For the whole Canadian Tire group, revenues decreased by 14.2 percent to Can$ 3,160 million (€2.02bn-$2.39bn). The gross margin fell by 1.3 percentage points to 29.8 percent. The company ended with a net loss of Can$ 20.0 million (€12.8m-$15.1m), compared with net income of Can$ 174.4 million last year.