January 06, 2017
Despite a 23.6% decline in the market value of Nike, which accounts for nearly 25% of the industry’s total stock market value globally, industry stocks managed to fall just 0.5% in currency neutral terms for 2016 to a total value of $341,789 million.
Sensors and data capture technology integrated with increasingly sophisticated apps are on offer from established sporting goods companies and tiny startups at the 2017 Consumer Electronics Show running now in Las Vegas.
Linda Bean said her Making America Great Again PAC supporting Donald Trump received a $60,000 contribution from her, in violation of the $5,000 personal limit in a single year.
Blaming warm weather, weak traffic trends and poor execution in Wilsons, G-III now expects FY sales of $2.41 billion and net income of $57-62 million vs. earlier guidance of a $2.43 billion topline and net income of $67-72 million.
The newly acquired division accounted for 39.1% of the 42.0% total growth in the houseware division to $124,723,000 from $87,816,000.