August 14, 2017
A former Golfsmith store on Market St. suggests an opening of a new Decathlon store, and the French retail giant confirmed that it plans to open before the end of the year.
Bolstered by higher selling prices and lower material costs, Mizuno reported net income of ¥960 million ($9.2 mm) against a loss of ¥640 million for the first quarter ended Jun. 30 despite a 5% decline in sales to ¥45,937 million ($420.6 mm) from ¥48,422 million last year.
The $820 million cash deal will enhance VF’s workwear portfolio with another $875 million in revenue and add key brands like Dickies, WorkriteKodiak, Terra and Walls to VF existing stable of brands like Wrangler, Riggs, Timberland Pro, Red Kap, Bulwark and Horace Small.
The net loss was BRL35.2 million ($11.0 mm) against BRL33.6 million on a 15% net sales improvement to BRL461.3 million ($144.6 mm) from BRL401.6 million.
The Big a will continue to supply all footwear, uniforms, apparel and accessories to the 24 Cornhuskers varsity sports teams through 2028.
Comprehensive net income at the footwear maker and retailer gained 19% to $318,528,000 from $268,314,000 benefitting from a $46 million swing in foreign exchange and other comprehensive items as revenues increased 4% to $4,448,172,000 from $4,280,785,000 in the first half.
Net income from continuing operations soared to RMB189,170,000 ($27.6 million) from RMB68,309,000, excluding the divested Double Happiness brand, on sales that gained 11% to RMB3,996,051,000 ($582.3 million) from RMB3,595,635,000 in the first half ended Jun. 30.
Consolidated net income tripled to KRW46,760 million ($41.4 million) from KRW16,009 million in the second quarter ended Jun. 30 on revenues that surged to KRW692,867 million ($613.2 million) from KRW209,228 million benefitting from its controlling interest in Acushnet.
In the latest round of the long-running dispute over the molded clog design patent D517789 between Crocs and rival clogmaker USA Dawgs, the USPTO overturned the patent, ruling that it was anticipated by prior designs.
Cherokee Global Brands negotiated changes in the financial covenants for its senior secured credit facility with Cerberus to resolve some issues that were caused by the financial integration of the Hi-Tec acquisition.