Luggage producer Samsonite reported a 64.6% year over year reduction in revenues in Q3’20 as the pandemic took a toll on air travel and consumer spending. The firm has managed to cut its inventories, with CEO Kyle Genreau stating “we’ve been able to move our inventory down almost $100 million year-over-year, which is a testament to our sourcing teams and our supplier organization that we’re working very closely with manage the inventory and the cash flow of the business.” U.S. seaborne imports linked to the firm declined by 77.9% year over year in Q3’20 and included a supply chain restru...