we also believe there is a continuing shift in consumer demand from traditional non-performance products to performance products , which are intended to provide better performance by wicking perspiration away from the skin , helping to regulate body temperature and 31 enhancing comfort . we plan to continue to grow our business over the long term through increased sales of our apparel , footwear and accessories , expansion of our wholesale distribution , growth in our direct-to-consumer sales channel and expansion in international markets . although we believe these trends will facilitate our growth , we also face potential challenges that could limit our ability to take advantage of these opportunities or negatively impact our financial results , including , among others , the risk of general economic or market conditions that could affect consumer spending and the financial health of our retail customers . for example , recent and ongoing developments regarding covid-19 may negatively impact our results of operations . additionally , we may not be able to successfully execute on our long-term strategies , or successfully manage the increasingly complex operations of our global business effectively . although we have implemented restructuring plans in the past and may implement additional plans in the future , we may not fully realize the expected benefits of these plans or other operating or cost-saving initiatives . in addition , we may not consistently be able to anticipate consumer preferences and develop new and innovative products that meet changing preferences in a timely manner . furthermore , our industry is very competitive , and competition pressures could cause us to reduce the prices of our products or otherwise affect our profitability . we also rely on third-party suppliers and manufacturers outside the u.s. to provide fabrics and to produce our products , and disruptions to our supply chain could harm our business . for a more complete discussion of the risks facing our business , refer to the “ risk factors ” section included in item 1a . covid-19 in march 2020 , a novel strain of coronavirus ( covid-19 ) was declared a global pandemic by the world health organization . this pandemic has negatively affected the u.s. and global economies , disrupted global supply chains and financial markets , and led to significant travel and transportation restrictions , including mandatory closures and orders to “ shelter-in-place ” . during the first quarter of fiscal 2020 , we took action to close substantially all of our brand and factory house stores based on regional conditions , a majority of which remained closed into the second quarter of fiscal 2020. by the end of the third quarter of fiscal 2020 , substantially all of our brand and factory house stores were re-opened . as pandemic conditions worsened globally during the fourth quarter of fiscal 2020 , we again closed certain stores based on regional conditions , particularly in emea and latin america . the following is a summary of our owned and operated store closures and their status throughout fiscal 2020 and as of the end of january 2021 : north america : beginning in mid-march we closed all of our stores in the north america operating segment , which remained closed through the end of april . we began a progressive re-opening of our stores in may and more than 85 % of our stores were open by the end of june . as of the end of september 2020 , all of our stores were open and approximately 95 % of our stores were open as of the end of january 2021. emea : beginning in mid-march we closed all of our stores in the emea operating segment , of which , over 65 % remained closed through the end of april . we continued the re-opening of our stores in may and more than 95 % of the stores were open at the end of june . as of the end of september 2020 , all of our stores were open , however , in the fourth quarter we had to close almost 60 % of our stores based on regional conditions . as of the end of january 2021 , only 25 % of our stores were open . asia-pacific : stores in china were closed from late-january through early-march , when a slowly progressive re-opening process started . stores in the remainder of the asia-pacific operating segment were also closed from time to time based on local conditions . more than 80 % of our stores were open by the end of april , and by the end of june 2020 more than 95 % of the stores were open and continued to be open until the end of september 2020. as of the end of january 2021 , approximately 90 % of our stores were open . latin america : beginning in mid-march , we closed all of our stores in the latin america operating segment , which remained closed in april and through the end of may . we began a progressive re-opening of stores in june , and more than 25 % of our stores were open by the end of june , and by the end of september 2020 approximately 85 % of our stores remained open . however , in the fourth quarter , we had to close certain stores based on regional conditions , and approximately 55 % of our stores were open as of the end of january 2021. the discussion above reflects the status of our owned and operated stores through the end of january 2021 , however , depending on the progression of covid-19 , stores in certain regions may close from time to time . additionally , throughout this time , many of our wholesale customers also closed their stores or operated them at limited capacity . story_separator_special_tag we consolidate our selling , general and administrative expenses into two primary categories : marketing and other . the other category is the sum of our selling , product innovation and supply chain , and corporate services categories . the marketing category consists primarily of sports and brand marketing , media , and retail presentation . sports and brand marketing includes professional , club , collegiate sponsorship , individual athlete and influencer agreements , and products provided directly to team equipment managers and to individual athletes . media includes digital , broadcast and print media outlets , including social and mobile media . retail presentation includes sales displays and concept shops and depreciation expense specific to our in-store fixture programs . our marketing costs are an important driver of our growth . other expense , net consists of unrealized and realized gains and losses on our foreign currency derivative financial instruments and unrealized and realized gains and losses on adjustments that arise from fluctuations in foreign currency exchange rates relating to transactions generated by our international subsidiaries . 36 results of operations the following table sets forth key components of our results of operations for the periods indicated , both in dollars and as a percentage of net revenues : replace_table_token_4_th replace_table_token_5_th 37 consolidated results of operations year ended december 31 , 2020 compared to year ended december 31 , 2019 net revenues decreased $ 792.5 million , or 15 % , to $ 4,474.7 million in fiscal 2020 from $ 5,267.1 million in fiscal 2019. net revenues by product category are summarized below : replace_table_token_6_th ( 1 ) corporate other revenues consist of foreign currency hedge gains and losses related to revenues generated by entities within our geographic operating segments , but managed through our central foreign exchange risk management program . the decrease in net sales was primarily driven by a unit sales decline in apparel , footwear and accessories across all categories due to decreased demand , primarily related to impacts of covid-19 including cancellations of orders by wholesale customers , closures of brand and factory house stores and lower traffic upon store re-openings , and a unit sales decrease of off-price sales within our wholesale channel . the decrease was partially offset by growth in the e-commerce business and sale of specialty products , such as sports masks , within our accessories category . license revenues decreased $ 33 million , or 23.8 % , to $ 105.8 million in fiscal 2020 from $ 138.8 million in fiscal 2019 driven primarily by lower contractual royalty minimums , decreased revenue from our licensing partners in north america due to softer demand as a result of impacts of covid-19 . further , fiscal 2019 included one-time settlements with two of our north american partners . connected fitness revenue decreased $ 0.6 million , or 0.4 % , to $ 135.8 million in fiscal 2020 from $ 136.4 million in fiscal 2019 primarily driven by a decrease in advertising revenue and one-time development fee from a partner in fiscal 2019. additionally , the decrease in revenue is due to the sale of the myfitnesspal platform during the fourth quarter of fiscal 2020. gross profit decreased $ 310.4 million to $ 2,160.1 million in fiscal 2020 from $ 2,470.5 million in fiscal 2019. gross profit as a percentage of net revenues , or gross margin , increased 140 basis points to 48.3 % in fiscal 2020 compared to 46.9 % in fiscal 2019. this increase in gross margin percentage was primarily driven by the following : an approximate 220 basis point increase driven by channel mix , primarily due to a lower percentage of off-price sales within our wholesale channel which carry a lower gross margin , and a higher percentage of direct-to-consumer sales , led by e-commerce ; and an approximate 70 basis point increase driven by supply chain initiatives primarily related to product cost improvements . the increase was partially offset by an approximate 130 basis point decrease driven by covid-19 related pricing and discounting impacts primarily within the direct-to-consumer business , as well as 30 basis points due to restructuring related expenses . selling , general and administrative expenses decreased $ 61.8 million to $ 2,171.9 million in fiscal 2020 from $ 2,233.8 million in fiscal 2019. as a percentage of net revenues , selling , general and administrative expenses increased to 48.5 % in fiscal 2020 from 42.4 % in fiscal 2019. selling , general and administrative expense was impacted by the following : marketing costs decreased $ 28.5 million to $ 550.4 million in fiscal 2020 from $ 578.9 million in fiscal 2019. this decrease was primarily driven by reduced rights fees for sports marketing assets and reductions in marketing within our wholesale channel . these decreases were primarily due to impacts of covid-19 , including event cancellations and store closures . these decreases were partially offset by 38 increased brand marketing and direct-to-consumer marketing investments . as a percentage of net revenues , marketing costs increased to 12.3 % in fiscal 2020 from 11.0 % in fiscal 2019. other costs decreased $ 33.3 million to $ 1,621.6 million in fiscal 2020 from $ 1,654.9 million in fiscal 2019. this decrease was driven primarily by lower incentive compensation , decreased travel and entertainment , and lower depreciation mostly due to reductions in capital expenditures . the decreases in incentive compensation and travel and entertainment were primarily due to impacts of covid-19 . these decreases were partially offset by higher legal expense , increased third party distribution costs to support e-commerce revenues , and an increase in allowance for doubtful account reserves due to negative developments regarding certain customer balances that represent a higher risk of credit default . as a percentage of net revenues , other costs increased to 36.2 % in fiscal 2020 from 31.4 % in fiscal 2019. restructuring and impairment charges w ere $ 602 million co mprised of $ 461 million

cash provided by investing activities increas ed $ 213.5 million to $ 66.3 million in fis cal 2020 from cash used in investing activities of $ 147.1 million in fiscal 2019 primarily due to proceeds from the sale of myfitnesspal of $ 198.9 million in the fourth quarter of fiscal 2020 . 43 total capital expenditures in fiscal 2020 decreased by $ 53.5 million to $ 92.3 million compared to $ 145.8 million in fiscal 2019. financing activities cash provided by financing activities increased $ 573.9 million to $ 436.9 million in fiscal 2020 from cash used in financing activities of $ 137.1 million in fiscal 2019. this i ncrease was primarily due to the issuance of $ 500 million of 1.50 % convertible senior notes in fiscal 2020. capital resources credit facility on march 8 , 2019 , we entered into an amended and restated credit agreement by and among the company , as borrower , jpmorgan chase bank , n.a. , as administrative agent , and the other lenders and arrangers party thereto ( the “ credit agreement ” ) . the credit agreement has a term of five years , maturing in march 2024 , with permitted extensions under certain circumstances . in may 2020 , we entered into an amendment to the credit agreement ( the “ amendment ” and , the credit agreement as amended , the “ amended credit agreement ” or the “ revolving credit facility ” ) , pursuant to which the prior revolving credit commitments were reduced from $ 1.25 billion to $ 1.1 billion of borrowings . from time to time throughout fiscal 2020 , we borrowed funds under this facility as a precautionary measure in order to increase our cash position and preserve liquidity given the ongoing uncertainty in global markets resulting from the covid-19 pandemic .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash provided by investing activities increas ed $ 213.5 million to $ 66.3 million in fis cal 2020 from cash used in investing activities of $ 147.1 million in fiscal 2019 primarily due to proceeds from the sale of myfitnesspal of $ 198.9 million in the fourth quarter of fiscal 2020 . 43 total capital expenditures in fiscal 2020 decreased by $ 53.5 million to $ 92.3 million compared to $ 145.8 million in fiscal 2019. financing activities cash provided by financing activities increased $ 573.9 million to $ 436.9 million in fiscal 2020 from cash used in financing activities of $ 137.1 million in fiscal 2019. this i ncrease was primarily due to the issuance of $ 500 million of 1.50 % convertible senior notes in fiscal 2020. capital resources credit facility on march 8 , 2019 , we entered into an amended and restated credit agreement by and among the company , as borrower , jpmorgan chase bank , n.a. , as administrative agent , and the other lenders and arrangers party thereto ( the “ credit agreement ” ) . the credit agreement has a term of five years , maturing in march 2024 , with permitted extensions under certain circumstances . in may 2020 , we entered into an amendment to the credit agreement ( the “ amendment ” and , the credit agreement as amended , the “ amended credit agreement ” or the “ revolving credit facility ” ) , pursuant to which the prior revolving credit commitments were reduced from $ 1.25 billion to $ 1.1 billion of borrowings . from time to time throughout fiscal 2020 , we borrowed funds under this facility as a precautionary measure in order to increase our cash position and preserve liquidity given the ongoing uncertainty in global markets resulting from the covid-19 pandemic .
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 Suspicious Activity Report : we also believe there is a continuing shift in consumer demand from traditional non-performance products to performance products , which are intended to provide better performance by wicking perspiration away from the skin , helping to regulate body temperature and 31 enhancing comfort . we plan to continue to grow our business over the long term through increased sales of our apparel , footwear and accessories , expansion of our wholesale distribution , growth in our direct-to-consumer sales channel and expansion in international markets . although we believe these trends will facilitate our growth , we also face potential challenges that could limit our ability to take advantage of these opportunities or negatively impact our financial results , including , among others , the risk of general economic or market conditions that could affect consumer spending and the financial health of our retail customers . for example , recent and ongoing developments regarding covid-19 may negatively impact our results of operations . additionally , we may not be able to successfully execute on our long-term strategies , or successfully manage the increasingly complex operations of our global business effectively . although we have implemented restructuring plans in the past and may implement additional plans in the future , we may not fully realize the expected benefits of these plans or other operating or cost-saving initiatives . in addition , we may not consistently be able to anticipate consumer preferences and develop new and innovative products that meet changing preferences in a timely manner . furthermore , our industry is very competitive , and competition pressures could cause us to reduce the prices of our products or otherwise affect our profitability . we also rely on third-party suppliers and manufacturers outside the u.s. to provide fabrics and to produce our products , and disruptions to our supply chain could harm our business . for a more complete discussion of the risks facing our business , refer to the “ risk factors ” section included in item 1a . covid-19 in march 2020 , a novel strain of coronavirus ( covid-19 ) was declared a global pandemic by the world health organization . this pandemic has negatively affected the u.s. and global economies , disrupted global supply chains and financial markets , and led to significant travel and transportation restrictions , including mandatory closures and orders to “ shelter-in-place ” . during the first quarter of fiscal 2020 , we took action to close substantially all of our brand and factory house stores based on regional conditions , a majority of which remained closed into the second quarter of fiscal 2020. by the end of the third quarter of fiscal 2020 , substantially all of our brand and factory house stores were re-opened . as pandemic conditions worsened globally during the fourth quarter of fiscal 2020 , we again closed certain stores based on regional conditions , particularly in emea and latin america . the following is a summary of our owned and operated store closures and their status throughout fiscal 2020 and as of the end of january 2021 : north america : beginning in mid-march we closed all of our stores in the north america operating segment , which remained closed through the end of april . we began a progressive re-opening of our stores in may and more than 85 % of our stores were open by the end of june . as of the end of september 2020 , all of our stores were open and approximately 95 % of our stores were open as of the end of january 2021. emea : beginning in mid-march we closed all of our stores in the emea operating segment , of which , over 65 % remained closed through the end of april . we continued the re-opening of our stores in may and more than 95 % of the stores were open at the end of june . as of the end of september 2020 , all of our stores were open , however , in the fourth quarter we had to close almost 60 % of our stores based on regional conditions . as of the end of january 2021 , only 25 % of our stores were open . asia-pacific : stores in china were closed from late-january through early-march , when a slowly progressive re-opening process started . stores in the remainder of the asia-pacific operating segment were also closed from time to time based on local conditions . more than 80 % of our stores were open by the end of april , and by the end of june 2020 more than 95 % of the stores were open and continued to be open until the end of september 2020. as of the end of january 2021 , approximately 90 % of our stores were open . latin america : beginning in mid-march , we closed all of our stores in the latin america operating segment , which remained closed in april and through the end of may . we began a progressive re-opening of stores in june , and more than 25 % of our stores were open by the end of june , and by the end of september 2020 approximately 85 % of our stores remained open . however , in the fourth quarter , we had to close certain stores based on regional conditions , and approximately 55 % of our stores were open as of the end of january 2021. the discussion above reflects the status of our owned and operated stores through the end of january 2021 , however , depending on the progression of covid-19 , stores in certain regions may close from time to time . additionally , throughout this time , many of our wholesale customers also closed their stores or operated them at limited capacity . story_separator_special_tag we consolidate our selling , general and administrative expenses into two primary categories : marketing and other . the other category is the sum of our selling , product innovation and supply chain , and corporate services categories . the marketing category consists primarily of sports and brand marketing , media , and retail presentation . sports and brand marketing includes professional , club , collegiate sponsorship , individual athlete and influencer agreements , and products provided directly to team equipment managers and to individual athletes . media includes digital , broadcast and print media outlets , including social and mobile media . retail presentation includes sales displays and concept shops and depreciation expense specific to our in-store fixture programs . our marketing costs are an important driver of our growth . other expense , net consists of unrealized and realized gains and losses on our foreign currency derivative financial instruments and unrealized and realized gains and losses on adjustments that arise from fluctuations in foreign currency exchange rates relating to transactions generated by our international subsidiaries . 36 results of operations the following table sets forth key components of our results of operations for the periods indicated , both in dollars and as a percentage of net revenues : replace_table_token_4_th replace_table_token_5_th 37 consolidated results of operations year ended december 31 , 2020 compared to year ended december 31 , 2019 net revenues decreased $ 792.5 million , or 15 % , to $ 4,474.7 million in fiscal 2020 from $ 5,267.1 million in fiscal 2019. net revenues by product category are summarized below : replace_table_token_6_th ( 1 ) corporate other revenues consist of foreign currency hedge gains and losses related to revenues generated by entities within our geographic operating segments , but managed through our central foreign exchange risk management program . the decrease in net sales was primarily driven by a unit sales decline in apparel , footwear and accessories across all categories due to decreased demand , primarily related to impacts of covid-19 including cancellations of orders by wholesale customers , closures of brand and factory house stores and lower traffic upon store re-openings , and a unit sales decrease of off-price sales within our wholesale channel . the decrease was partially offset by growth in the e-commerce business and sale of specialty products , such as sports masks , within our accessories category . license revenues decreased $ 33 million , or 23.8 % , to $ 105.8 million in fiscal 2020 from $ 138.8 million in fiscal 2019 driven primarily by lower contractual royalty minimums , decreased revenue from our licensing partners in north america due to softer demand as a result of impacts of covid-19 . further , fiscal 2019 included one-time settlements with two of our north american partners . connected fitness revenue decreased $ 0.6 million , or 0.4 % , to $ 135.8 million in fiscal 2020 from $ 136.4 million in fiscal 2019 primarily driven by a decrease in advertising revenue and one-time development fee from a partner in fiscal 2019. additionally , the decrease in revenue is due to the sale of the myfitnesspal platform during the fourth quarter of fiscal 2020. gross profit decreased $ 310.4 million to $ 2,160.1 million in fiscal 2020 from $ 2,470.5 million in fiscal 2019. gross profit as a percentage of net revenues , or gross margin , increased 140 basis points to 48.3 % in fiscal 2020 compared to 46.9 % in fiscal 2019. this increase in gross margin percentage was primarily driven by the following : an approximate 220 basis point increase driven by channel mix , primarily due to a lower percentage of off-price sales within our wholesale channel which carry a lower gross margin , and a higher percentage of direct-to-consumer sales , led by e-commerce ; and an approximate 70 basis point increase driven by supply chain initiatives primarily related to product cost improvements . the increase was partially offset by an approximate 130 basis point decrease driven by covid-19 related pricing and discounting impacts primarily within the direct-to-consumer business , as well as 30 basis points due to restructuring related expenses . selling , general and administrative expenses decreased $ 61.8 million to $ 2,171.9 million in fiscal 2020 from $ 2,233.8 million in fiscal 2019. as a percentage of net revenues , selling , general and administrative expenses increased to 48.5 % in fiscal 2020 from 42.4 % in fiscal 2019. selling , general and administrative expense was impacted by the following : marketing costs decreased $ 28.5 million to $ 550.4 million in fiscal 2020 from $ 578.9 million in fiscal 2019. this decrease was primarily driven by reduced rights fees for sports marketing assets and reductions in marketing within our wholesale channel . these decreases were primarily due to impacts of covid-19 , including event cancellations and store closures . these decreases were partially offset by 38 increased brand marketing and direct-to-consumer marketing investments . as a percentage of net revenues , marketing costs increased to 12.3 % in fiscal 2020 from 11.0 % in fiscal 2019. other costs decreased $ 33.3 million to $ 1,621.6 million in fiscal 2020 from $ 1,654.9 million in fiscal 2019. this decrease was driven primarily by lower incentive compensation , decreased travel and entertainment , and lower depreciation mostly due to reductions in capital expenditures . the decreases in incentive compensation and travel and entertainment were primarily due to impacts of covid-19 . these decreases were partially offset by higher legal expense , increased third party distribution costs to support e-commerce revenues , and an increase in allowance for doubtful account reserves due to negative developments regarding certain customer balances that represent a higher risk of credit default . as a percentage of net revenues , other costs increased to 36.2 % in fiscal 2020 from 31.4 % in fiscal 2019. restructuring and impairment charges w ere $ 602 million co mprised of $ 461 million

