November 07, 2017 Crocs Narrows Loss in Q3 on SG&A Savings
Net loss was halved to $2,263,000 against a loss of $5,352,000 kept out of the black by the preferred stock dividend payment, as revenues declined 1% to $243,273,000 from $245,888,000 in the third quarter. Paradise Papers Show Nike Paid Little Tax on Overseas Profits
The millions of documents leaked from Appleby, an international law firm that was hacked, to the International Consortium of Investigative Journalists details the tax strategies of many major U.S.-based global firms and found that the Eager Beavertons paid just 2-3% in taxes on their overseas business, thanks to a tax strategy called the Double Irish Dutch Sandwich. Descente Profit Dips on Higher Sales
Income to shareholders was off 9% to ¥2,440 million ($21.4 mm) against ¥2,678 million for the second quarter ended Sep. 30 on a 5% sales improvement to ¥65,959 million ($578.1 mm) compared to ¥62,528 million. Yonex Posts H1 Gains from ForEx
Comprehensive net income tripled to ¥1,338.8 million ($12.1 mm) from ¥441.7 million in the fiscal first half ended Sep. 30 boosted by a billion yen swing in foreign exchange on a 3% gain in sales to ¥32,232.9 million ($290.3 mm) from ¥31,330.4 million.
The wool outdoor apparel maker has already laid off more than half its full-time staff of 40 and employees told SNEWS that the bank has taken over the business with the intention of liquidating the remaining assets. Adidas Introduces Shopping App
Adidas - Sports & Style gives a personalized experience to consumers, including product recommendations, advice and updates on favorite athletes. CPSC Recall: Children’s Bicycles
Norco is recalling about 2,800 20- and 24-inch bicycles with Samox SAC30-111NA square taper cranks in 140mm and 152mm lengths because the cranks can bend or break during use.
The CO-based TeamSnap is claiming that the Australia-based Team App has entered the U.S. market offering identical services in managing teams and leagues and trading off of its protected trademark with a confusingly similar name.
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