May 01, 2017
The bankruptcy auction did produce a going concern bid of sorts, but the commitment by Camping World was to keep open only 17 of the 160 remaining stores along with the Gander name.
Net income slipped 38% to $7,093,000 from $11,444,000 on revenues that were 6% lower at $113,252,000 vs. $120,928,000. The loss included a $1.2 million charge to settle an old lawsuit with Biosig Instruments.
It landed one of the world’s biggest marathon properties with a long-term deal whose terms were not disclosed but are likely to be in the same neighborhood as the $90 million it is paying the New York Marathon over 11 years.
NSSF-adjusted FBI NICS background checks were flat in April at 1,111,649 compared to 1,111,205 last year.
The bi-partisan legislation would require e-tailers to collect sales tax even in states where they have no physical presence.
Efforts to improve execution at Lenscrafters and to minimize promotional activity at Sunglass Hut and Oakley led to a 2.3% decline in comp store sales for the first quarter, although reported comps were up 1.3%, Luxottica said.