February 05, 2018
The company said in a statement that it “expects all employees to exemplify the highest levels of integrity and respect for one another and Mr. Potdevin fell short of these standards of conduct.”
The net loss was $9,952,000 in the fiscal first quarter ended Dec. 30 against a loss of $607,000 last year, pulled down by a $10.6 million provisional tax expense charge, as revenues gained 6% to $90,342,000 from $85,335,000, or 19% excluding the divested Junkfood business last year.
While it’s not likely to surpass the Cubs World Series win, the Eagles Super Bowl win is likely to be one of the strongest hot markets in some time.
Keri Jones will become the CEO of the chain, replacing Joel Waller who had been interim CEO. Dick’s said it will not be replacing Jones as chief merchant at this time with all merchandising positions reporting directly to CEO Ed Stack.
The latest casualty is pursuing a refinancing option with its current lenders as well as a liquidation as a backup plan.