March 01, 2018 Trump Now Backs Tighter Gun Laws as More Retailers Raise Age to Buy
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. American Outdoor Brands Results Plunge, Sees Outlook Weak for 12-18 Months
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. Brunswick Will Spin Off Fitness
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. Compass Diversified’s SG Brands Deliver Mixed 2017
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. Sheikh Shoes Gets Loan, Store Closing Approval
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. Adidas Wins Three Stripe Appeal in Europe
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. Adidas Signs On as Pacific Pro Football Sponsor
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. Etcetera: Fanatics, Asics, Industrial Revolution
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