November 28, 2017
Net income fell 9% to $2,099,000 from $2,305,000 in the fiscal fourth quarter ended Sep. 30 on 20% lower sales at $91,327,000 from $114,366,000 which suffered from the hurricanes and a comparison with last year that included $17 million in sales from the since-divested Junkfood brand.
The Big Cat will take over the top Premier League team’s kit sponsorship for about £50 million ($66 mm) per year starting with the 2018/19 season, the Daily Mail reported.
Comprehensive net income jumped to HK$212,631,000 ($27.6 mm) from HK$47,097,000 in the fiscal first half ended Sep. 30 benefitting from HK$177 million from the sale of the Zhong Shan manufacturing operation, but missing those sales pulled down revenues to HK$594,115,000 ($77.2 million) from HK$1,013,988,000.
Total e-commerce sales hit $6.59 billion, up 16.8% from last year, and following record online sales of $2.87 billion on Thanksgiving Day and $5.03 billion on Black Friday.
Gregory Mountain Products saw sales jump 16% to $15.1 million in the third quarter, with North America and Asia both posting double-digit growth.
The lifestyle footwear maker appointed 20-year footwear industry veteran Mullaney as president and CEO.
There were several inaccuracies in our story about the Maurice Sporting Goods bankruptcy filing.