March 24, 2017 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. Yue Yuen Has Strong Rebound in 2016
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. Puma Said to Land Marseille Club Deal
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. |