July 31, 2017
Net income dipped 29% to $2,489,000 from $3,530,000 in the seasonally small second quarter ended Jun. 30 on sales of $77,029,000, down 2% from $78,529,000 last year from expected declines in the aging TreadClimber line.
The U.K.-based retailer and brand portfolio company said revenues increased 21% to £2.9 billion ($3.8 bb), driven mostly by the growth at J.D. Sports of which it owns a majority.
Sales declined 4% for H1 to €140.9 million ($165.6 mm) for the first half, hurt by challenging trading conditions, more competition and the consolidation of the U.S. retail market.
An agreement between the plaintiffs and the estate of Gander Mountain allows the estate of two fire fighters killed in an ambush with a gun illegally purchased at Gander Mountain to proceed, but plaintiffs will only be allowed to collect from any insurance proceeds, minus any deductible.
Net income was essentially flat at $2,096,000 against $2,090,000 last year for the second quarter ended Jul. 15 on an 8% sales improvement to $52,393,000 from $48,463,000 as growth in the fitness and basketball categories offset weakness in archery.
The petition lists $88,338 in assets including an estimated $70,000 in inventory against $147,698 in liabilities, all of it unsecured.
The complaint, filed in NV federal court, accuses Crocs of infringing on the trade dress of its Z sandals referring to the design of the upper.