February 28, 2017
Net income improved 80% to $7,694,000 from $4,275,000 for the final quarter ended Jan. 1, 2017 as sales fell 3% to $266,283,000 from $275,006,000 that were against an extra week in the prior year which added $15.5 million in sales.
A clever new ad from the National Retail Federation is designed to pressure Congress, especially Republicans, about the impact of a Border Adjustment Tax on American consumers.
The luxury skiwear brand finished 2016 with net income up 19% to €196,043,000 ($216.8 million) from €167,863,000 as revenues topped a billion Euros at €1,040,311,000 ($1,150.8 million), gaining 18% compared to €880,393,000 last year.
The $575 million stalking horse bid for the assets of Performance Sports Group formally closed, with CEO Harlan Kent agreeing to stay on as interim CEO while a permanent replacement is identified.
The owner of the Coolmax and Lycra brands owned by Koch Industries said it retained Goldman Sachs to assist it in shopping the business.
The Eager Beavertons set an 11-year deal with the International Basketball Federation that will sponsor all FIBA competitions as the official sponsor and will also work with the governing body to expand participation in the sport worldwide.
Fisher ascended to CEO of the Winchester parent company last May, succeeding Joseph Rupp who became chairman, and he will assume the chairman post when Rupp retires Apr. 27.
Aaron Maines will join the Big a after working for Wasserman since 2009, most recently as VP of global soccer.
TriBeCa-based Priority will add Brilliant’s operations to its recently expanded headquarters and showroom and will add retail space this spring.
After last year’s $1 million prize for breaking Chris Johnson’s 9-year-old 40-yard dash record of 4.24 seconds went unclaimed, the Big a is upping the ante this year with a private island for anyone who beats that time.