June 01, 2017 Lululemon Sees Recovery in Q1 After Slow Start, Restructures Ivivva
Net income fell 31% to $31,246,000 compared to $45,336,000 on a 5% sales increase to $520,307,000 against $495,516,000 for the quarter ended Apr. 30 that included a 1% comp store decline. Zumiez Sales Gain, but Compensation Weighs on Bottom Line
Net loss more than doubled to $4,448,000 from $2,137,000 in the first quarter ended Apr. 29 on higher compensation spending, even as revenues gained 5% to $181,155,000 from $172,970,000 bolstered by comp store sales that increased 1.8% against a -7.5% comp in Q1 last year. Trump Withdrawal from Paris Accord Draws Measured Response from OIA
OIA called on Congress and state legislatures to redouble their efforts to fight climate change “in the absence of leadership by the Trump administration.” NICS Numbers Up Modestly In May
Adjusted background checks rose 6.5% in May to 988,473 compared to 928,532 in a seasonally slow month. Shawn Neville Named CEO of Boa
The former head of Reebok’s North American operations and president of the Keds brand under Stride Rite had most recently been CEO and chairman of Aerosoles. Sturm, Ruger Appoints Three Veeps
RGR named Sarah F. Colbert as VP of administration, Robert J. Werkmeister, Jr. as VP of marketing, and Michael W. Wilson as VP of Mayodan operations. Dick’s Sets New Partnership with U.S. Youth Soccer
Dick’s will become the official retailer and the official technology partner of the largest member of the U.S. Soccer Federation.
Saying that it has moved from its restructuring stage to a time when it needs to focus on operations, Billabong said Peter Myers, who served as CFO since Jan. 2013, will be succeeded by Jim Howell. Maurice Sporting Goods Sues Former Supplier for Trademark Infringement
The complaint in Northern District IL alleges that Plano Synergy Holding, which for years was a supplier of its Ready2Fish starter fishing tackle box sets, is now selling an identical box under the name Ready Set Fish. Bell Helmets Seeks Judgment on Compact Folding Bike Carrier
Plaintiff asks the court to declare that its Overpass 200 and Overpass 300 models do not infringe on R.A. Allen’s patent 8,636,184 for compact folding bike racks.
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