February 14, 2017
The final asset purchase agreement consideration for the U.K. retail giant to get into the U.S. market will cost just $500,000 in addition to the much-needed $85 million debtor in possession loan that will enable the Eastern Mountain Sports and Bob’s Stores to continue operating.
REI, The North Face and Cascade Designs have urged retailers and vendors to continue supporting the Outdoor Retailer event in August, even as it seems to have one foot out the door of Utah following the expiration of its 2018 contract with Salt Lake City.
Comprehensive net income rose 139% to ¥36,099 million ($330.0 million) from ¥15,135 million in the fourth quarter reflecting a ¥20 billion gain from foreign currency translation adjustments.
Comprehensive net income gained 3% to ¥2,040 million ($18.6 million) from ¥1,989 million in the fourth quarter as sales declined ¥18,288 million ($167.2 million) from ¥21,864 million.
The National Retail Federation’s PortTracker forecast sees the U.S. economy continuing to expand this year, fueling retail sales growth and an increase in imports.