March 29, 2017
The lulunatics reported net income of $136,125,000, up 16% from $117,416,000 for the 13 weeks ended Jan. 29 as sales gained 12% to $789,940,000 from $704,276,000 with overall comps up 8% in the period on a 6% improvement in the brick-and-mortar stores and a 12% rise in the digital channel to $164.3 million.
Synovus Financial Corp will buy Cabela’s credit card business, Reuters reported, citing a source familiar with the matter.
The new location in downtown Boston is expected to be about 25,000-sq.-ft. and employ 50 persons, 25 from existing Asics offices in the U.S. and Japan and the rest new hires.
The high-end U.S. ski brand will be integrated into the Amer winter sports platform. The purchase price was $4.1 million of which $2.5 million was cash.
Giant Manufacturing, the Taiwanese bike maker, saw net income decline 20% to NT$3.07 billion ($97.8 million) on revenues that were 6% lower at NT$53.09 billion ($1,690.8 million) on the downturn in the Chinese domestic market.