March 01, 2018
President Trump put his support behind the Manchin-Toomey bill that would require almost all transfers of firearms to undergo a background check and also told Republican lawmakers not to pursue an NRA-backed expansion of concealed carry rights that would require all states to recognize permits issued by another state.
Net income declined 65% to $11,395,000 from $32,453,000 for the third quarter ended Jan. 31 on a 33% decline in sales to $157,376,000 from $233,523,000, with this year’s results including a $9.3 million tax gain from the new tax law.
Roughly a month after Owl Creek Asset Management sent a letter to the board suggesting a spin-off, Brunswick announced that it would pursue a tax-free distribution of the fitness business that is expected to be completed in Q1 of 2019.
Gildan expects 2018 sales to increase low- to mid-single digits driving adjusted EBITDA of $595 to $620 million and adjusted earning per share of $1.80 to $1.90, it detailed in a presentation at its annual investor day.
5.11 Tactical finished the year with sales of $309,999,000, up 5% from $295,256,000 despite an ERP implementation which pushed some 2017 sales into 2018.
The bankrupt retailer received the judge’s approval it was seeking to borrow another $11 million in a second term loan, secured by family-owned real estate, that it needs to pay operating and administrative expenses and stay current with Nike.
The decision in Europe’s General Court affirmed lower court rulings, and will allow Adidas to oppose footwear maker Shoe Branding Europe’s attempt to register a two stripe mark in Belgium.
The Big a will be the founding partner for the new football league, which is positioned as a paid professional alternative to playing college football for high school players with their eyes on the NFL.
The longtime senior director for The North Face brand communications died Feb. 27 at her home with her family near her from cancer.