March 23, 2017
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.