Daily News Feed
G-III Has Loss in Q4 on Weak Retail, Donna Karan Costs
The loss was $20,105,000 compared to income of $7,964,000 for the final quarter ended Jan. 31 as sales improved 14% to $603,289,000 from $$527,428,000.
The comprehensive loss was $4,408,000 for the year ended Dec, 31 this year against a comprehensive loss of $4,400,000 last year as sales rose 6% to $79,330,000 from $74,675,000.
Troy Brown was named president of North America and Adam Ellis was named president of international, both reporting to CEO Richard Brooks.
A CA state court judge ruled that Jawbone’s claim that Fitbit stole trade secrets can go before a jury, allowing Jawbone to pursue much the same case that it lost before the International Trade Commission.
Lawsuits were filed in federal court for Austin, TX, against Bayou Ice Boxes and Axis Cups, alleging they violated Yeti’s trade dress protection for its coolers and cups.
Finish Line Has Q4 Loss on Weak Sales, JackRabbit Exit
Little Foot recorded a $9,471,000 loss against income of $4,036,000 in last year’s final quarter ended Feb. 25 on flat sales at $557,452,000 compared to $559,845,000, as the chain suffered a $21,771,000 after tax loss on the disposal of JackRabbit during the period compared to a $4,723,000 loss the prior year from the running specialty operation.
Net income jumped 37% to $534,560,000 from $390,183,000 for the FY ended Dec. 31 as sales rose 1% to $8,480,558,000 from $8,434,915,000. The manufacturing segment had a sales decline of 2% to $6,039,334,000 from $6,136,737,000 while the retail operation’s sales gained 6% to $2,442,224,000 from $2,298,178,000.
The Big Cat, clearly emboldened by its recent momentum in the fashion market and delivering on its promise to also invest in performance, is said to be nearing a new five-year deal with Marseille that will pay the club €14 million per year, according to L’Equipe.
It makes Anta the only company in China licensed to use Chemours’ Teflon EcoElite for branded sportswear products using water repellant treatments with non-fluorinated technologies.
Sportsman’s Warehouse Net Dips in Q4
Net income was off 7% to $10,540,000 from $11,390,000 for the 13 weeks ended Jan. 28 as sales rose 6% to $221,376,000 from $208,548,000 on a 5.2% comp store decline that was partially blamed on tough comparisons against the San Bernardino shooting.
Net loss was $920,000 compared to income of $4,168,000 in the fourth quarter ended Jan. 28, including a $3.6 million charge to write down assets of seven Puerto Rico stores, on flat sales of $234,201,000 vs. $233,666,000.
Comprehensive net income jumped more than tenfold to RMB702,082,000 ($105.7 million) from RMB60,615,000 on a strong core business and a RMB313.2 million gain on the sale of its interest in the table tennis brand.
Tiger Capital Group and Great American Group will be running the liquidation sales at 32 under-performing Gander locations that have been slated for closure.
At this year’s event, a broad coalition of PHIT Act supporters, including celebrity athletes ranging from NFL pros to Olympians, held 100 meetings with more than 120 U.S. Senators and Representatives to discuss the importance of promoting physical activity.
The Three Stripes will adorn team uniforms and fan wear as Adidas becomes the official athletic footwear, apparel, accessory and equipment brand of the Bobcats through the 2024-25 athletic season.
Haibike, owned by Accell North America, is recalling about 250 XDURO e-bikes because the fork on the front wheel of the bicycles can rupture or break while in use.