August 23, 2017 Tilly’s Has Loss on Legal Charge, but Business is Good
A $6.2 million accrual for a legal settlement turned TLYS’ otherwise solid second quarter red with a net loss of $596,000 against income of $1,433,000 as sales climbed 2% to $138,810,000 from $136,412,000 and comps increased 2.1%. ITC Supports Duty Reductions on Sporting Goods Products
The International Trade Commission’s final recommendations for tariff relief were sent to Congress which will eliminate some $16.5 million in tariffs for SFIA members each year for the next three years if Congress approves the Miscellaneous Tariff Bill before it. Globe Net Falls on Lower Sales
Net income was AUD 5,434,000 ($4.3 mm) for the FY ended Jun. 30 from AUD 6,279,000 while sales were off 7% to AUD 140,484,000 ($111.3 mm) compared to AUD 150,822,000.
Net income was down 17% to RMB 335,711,000 ($50.4 mm) compared to RMB 403,854,000 for the six months ended Jun. 30 as sales declined 9% to RMB 2,310,791,000 ($347.0 mm) from RMB 2,534,584,000.
Over the past 11 years, outdoor participation has ranged from a high of 50.0% of the population in 2007 to a low of 48.4% in 2014 and 2015 and ticked up slightly to 48.4% in 2016, according to the Outdoor Foundation’s report. REI Gives $1 Million to 26 Nonprofits Nationwide
The co-op invested between $5,000 and $25,000 in the nonprofits from its Force of Nature Fund with the goal of connecting women with the outdoors. CPSC Recall: Academy Crawfish Kits
Academy Sports & Outdoors is recalling about 21,000, 100 qt. crawfish cookers because the propane hose can melt and/or burn, posing a fire hazard. Etcetera: Modell’s, Klean Kanteen, Skechers, Ruffwear
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