April 28, 2017
Net income fell 20% to $209,163,000 from $260,269,000 for the period ended Mar. 31 on a 2% fall in revenues to $2,555,693,000 compared to $2,606,982,000. The results this year included a $5.5 million charge for the discontinued Licensed Sports Group and JanSport College operations.
Following a recent profit warning that net would be down 15-25% for the FY, the holders of approximately 40% of its shares including the management are now proposing to take the company private with an offer of HK$6.30 ($0.81) per share, a premium of about 20% over recent trading, which would value the company at about $6.8 billion.
She will be responsible for digital sales and marketing for the retailer. For the past 32 years, she has held various positions at Nordstrom’s, most recently in charge of the Nordstrom’s Rack operation.
Myles Garrett, whom the Cleveland Browns made the number one pick in the 2017 draft, has signed a contract with the Big a.