March 02, 2018
The loss of $49 million against income of $189 million for the 14-week final quarter was hit with an additional $148 million pre-tax charge related to the loss of an appeal on an old pension liability dispute, $99 million from the tax code changes and $20 million in impairment charges related to Runners Point and Six:02.
President Trump met with N.R.A. officials at the White House Thursday following a week in which he vacillated between emphatically supporting gun rights and being open to various gun control proposals from raising age limits, to a bump stock ban, to expanded background checks, to seizing guns from potentially dangerous people without due process.
The Gap-owned women’s performance brand turned in mid-20s sales growth in the back half of the year after growing mid-teens in H1 ‘17.
The Macau-based leather manufacturer is acquiring leather lace maker Auburn Leather, including its brand, business and assets, with closing set for Q2.
The rating agency said it will review the capital structure following the spin-off of the fitness business and stress test the remaining boat and marine business, which it said was exposed to swings in discretionary consumer spending as opposed to the more stable fitness business.