February 28, 2018
Dick’s extended a decision to eliminate sales of assault rifles from all its stores, including Field & Stream stores, and said the ban would be permanent. It also said it would no longer sell high capacity magazines in any of its stores and would raise the minimum age for purchase of firearms to 21, regardless of state laws.
He retires from his role as chief revenue officer effective Mar. 31 after five-and-a-half years at Under Dog where he started as president, international in Sep. 2012.
Net loss narrowed to $28,272,000 from a loss of $44,482,000 in the seasonally small final quarter on 6% higher revenues of $199,112,000 up from $187,417,000 driven by a 16% increase in wholesale which included a big gain in sales to e-tailers.
A $304.1 million goodwill impairment charge was partially offset by a $132.4 million positive benefit from deferred tax asset revaluation, driving a Q4 net loss of $162,888,000 against a loss of $980,000 last year.
The Eager Beavertons won a 2-1 decision in the 9th U.S. Circuit Court of Appeals, which found that the Jordan logo did not violate photographer Jacobus Rentmeester’s copyright despite observing that the Jumpman was “obviously inspired” by his photo.
Net income more than doubled to $7,459,000 from $3,463,000 in the fourth quarter, boosted by about $3.0 million of income tax benefit resulting from the Tax Cuts and Jobs Act, on sales that grew 4% to $48,685,000 from $46,663,000.
The plaintiff, 13-31 Sport, is suing Academy for selling baseball and softball fielder’s masks that it says infringe on its patents nos. 6,598,234 and 6,499,139.