May 09, 2017
Giving even more evidence that it intends to keep Gander Mountain as a significant retail player, Camping World filed an offering for 11.5 million of its shares, part of which it said would be used to capitalize a Gander Mountain chain of 70 stores or more.
Net income declined 5% to $22,224,000 from $23,278,000 in the first quarter ended Apr. 1 on 3% lower sales at $167,355,000 vs. $173,109,000 on weaker post-election demand.
Net income was ¥9,328 million ($82.7 mm) compared to ¥9,362 million for the first quarter ended Mar. 31 on a 4% decline in sales to ¥117,769 million ($1,044.2 mm) compared to ¥113,052 million with declines in its three biggest markets, Japan, the Americas and EMEA, as technical running shoe sales continued to struggle.
The Big a will pay €1 billion (US$1.1 billion) over 10 years to extend its sponsorship of the top La Liga team, according to a report in Der Spiegel.
Comprehensive net income jumped 61% to ¥2,727,672,000 ($24.0 million) from ¥1,698,302,000 in the year ended Mar. 31 as revenues climbed 13% higher to ¥61,042,811,000 ($536.9 million) from ¥54,159,575,000.
The Chinese athletic footwear and apparel brand is offering RMB3.6 billion ($521 million) in corporate bonds with the proceeds to be used to pay down debt and for other corporate purposes.
Profile Design is recalling about 9,700 Cobra S carbon-wrapped black bicycle handlebar stems because they can corrode and break.