April 25, 2017
The Eager Beavertons now allow retailers to advertise products at up to 25% off year round, a change from the prior policy when retailers could only advertise discounts of that magnitude during certain periods of the year, according to the Portland Business Journal.
Final net income was €49.6 million ($53.9 mm) compared to €25.8 million, an increase of 92%, for the first quarter ended Mar. 31 as sales improved 18% to €1,005.1 million ($1,091.4 mm) from €851.9 million in the Big Cat’s first billion euro three month period.
Under pressure from shareholders as its flagship Ugg brand waffles, Deckers’ board said it would explore a broad range of options which could include a sale or other transaction.
Comprehensive net income was ¥5,289 million ($48.1 mm) compared to ¥260 million for the first quarter ended Mar. 31 as sales fell 3% to ¥79,921 million ($726.4 mm) from ¥82,169 million.
In the U.S., outdoor recreation supports over 7.6 million jobs and contributes $125 billion to federal, state and local government coffers, according to the OIA’s new report The Outdoor Recreation Economy.
The running shoe maker is now being run by co-founder Jerry Lee, who returned to the company while co-founder Danny Abshire has departed, Runners World reported.
The companies, which are both funded by New Water Capital, will combine to form the largest kayak maker in the world.
Theodore Sheeley, the father of a youth baseball player who bought a DiMarini bat that supposedly met USSSA standards, filed the proposed class action suit in U.S. District Court in IL.
Robert Julian has left the company after two years as SVP & CFO, and will be replaced on an interim basis by general counsel Brian Lynch.