April 18, 2017
The wily U.K. retailer, which is already set to enter the U.S. market with its recent closing on Eastern Mountain Sports and Bob’s Stores, has acquired a 7.87% interest in Finish Line.
The online retailer’s IPO closed with 8,250,000 shares sold at $18.00, implying a valuation of just over 1x last year’s revenues of $533.7 million.
Manufacturing sales were $285.7 million in the first quarter ended Mar. 31, up from $267.6 million last year, on a 9% increase in pairs to 11.5 million but a 2% decline in ASP to $24.80.
The Ugg parent says that DB Shoe Company is copying its outsole tread and that Elegant Footwear is knocking off its button decorations.
The cooler maker is suing Home Depot and Takeya USA for selling drinkware that looks like Yeti’s Rambler Tumbler.