Daily News Feed
Finish Line Net Tumbles on Weak Q2 Sales
The final results, foreshadowed late last month, saw net income of $2,843,000, down 87% from $22,075,000 during the key Back-to-School quarter with sales down 3% to $469,352,000 compared to $485,156,000.
The brain of the former Patriots tight end and convicted murderer, who committed suicide in his prison cell in April at the age of 27, showed evidence of severe chronic traumatic encephalopathy.
The two floor flagship store in Los Angeles is over 19,000 sq. ft. and has a 6,000-sq.-ft. soccer concept shop on the second floor that carries replica and authentic jerseys from all the top international leagues and teams as well as a full selection of equipment, apparel and footwear.
Greg Grip has been promoted to EVP for Marker Dalbello Völkl, responsible for sales management of all three brands.
Forecasters Sees Strong Holiday, Maybe Less Promotional
With the economy strong and consumer confidence high, economists are looking for as much as a 4-4.5% increase in Holiday spending in 2017. Deloitte said retail sales excluding autos and gasoline for Dec. will hit $1.04-1.05 trillion with e-commerce sales rising 18-21% to $111-114 billion.
Noting that DTC accounted for one third of all sales but 70% of last FY’s growth, the Eager Beavertons left no doubt that this is the main focus inside the Berm with a major emphasis on its digital platforms for its stores, e-commerce business and apps.
Net income was £24,252,000 ($31.0 million) against a loss of £957,000 in its fiscal Q4 ended Jun. 30 as sales surged 31% to £175,936,000 ($225.0 million) from £134,575,000 last year.
The company will rename 100 stores of its various banners across the U.S. as Johnson Fitness and Wellness, promoting a unified brand identity for the exercise equipment company.
Sig Sauer is recalling the SIG716 DMR, SIG516 Carbon Fiber and SIGM400 Predator models because their two-stage trigger may have an improperly heat-treated hammer.
Toys R Us Sees Future in Store Experience
The declaration of CEO David Brandon lays out a detailed strategy of how the bankrupt toy retailer plans to reverse its fortunes, starting with this Holiday season, which historically represents 40% of annual sales.
The Boston University study found that football players who began playing tackle football before the age of 12 had a significantly higher rate of behavioral and mental function deficits than players who took up the game later in life.
The largest winter sports company in the world won’t be at the largest winter sports show in the world this January as more and more brands assess the value of trade shows in the current market.
Shorn of the Reebok brand and heavily exposed to the weak Brazilian market, Alpargatas saw global sales fall 15% to BZL 859.6 million ($272.4 mm) as its domestic sales dropped 22% to BRL 445.7 million but net income was flat at BRL54.3 million ($17.2 mm) as a result of a lower tax rate.
Susquehanna raises the outlook to positive from neutral with a price target of $17 on the theory that HIBB’s heavy exposure to Hurricanes Harvey and Irma will benefit its digital business.