February 23, 2018 Billabong Has Lower Sales in H1 as Loss Expands
With a bit more than a month until the Mar. 29 Scheme meeting to vote on the Boardriders acquisition, Billabong reported a net loss of A$18,400,000 ($14.2mm) in the fiscal first half, against a loss of A$12,971,000 last year on revenues that were 7% lower at A$476,428,000 ($366.5 mm) from A$511,027,000. Sheikh Shoes Seeks More Financing after Weak All-Star Weekend
The bankrupt retailer is asking the court to approve an $11,000,000 second term loan from 10 Brothers Holdings, an entity controlled by the Sheikh family trust, to alleviate its ongoing liquidity crisis and pay operating and administrative expenses. Outdoor Industry Association Outlines 2018 Agenda
At the OR & Snow Show last month, the OIA approved a broad list of policy and advocacy priorities for the coming year. National Park Visits Dropped 15% in January
National parks had 12,164,561 recreational visitors in Jan., down 15% from 14,341,801 last year, while tent camping visits slipped 2% in to 64,604, and backcountry camper visits were also down 2% to 37,284.
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