March 14, 2018
Although it showed a net loss of €41 million ($51 mm) against a loss of €10 million for the final quarter ended Dec. 31, the pre-tax profit leaped to €124 million from €10 million on a sales gain of 12% to €5,056 million ($6,249 mm) from €4,500 million as it continued to post impressive gains in North America, China and in digital sales.
The running specialty brand had sales of about $50 million and was sold through 1,600 specialty retailers in 55 locations, VF said.
The series C round was backed by Google Ventures and will be used by the Austin, TX-based athletic apparel retailer to open more brick-and-mortar stores and continue to expand its e-commerce business.
The latest salvo in the increasingly testy back and forth between Newell and Starboard Fund calls out former Jarden CEO Martin Franklin for his enormous golden parachute and the seven figure consulting fee he continues to draw.
CWH restated its bottom line in the fourth quarter of 2017 to a loss of $5.5 million from a loss of $52.5 million reported earlier, due to a $47 million reduction in income tax expense.
Handgun imports decreased 16% to 283,660 units in the final month of 2017, but rifles increased 13% to 47,219 units and shotgun imports were also higher, up 21% to 55,815, according to data compiled by the NSSF.
The exercise equipment maker will use DVG as a skunkworks to find and develop technologies that will increase exercisers’ motivation and engagement.
By a 407-10 vote with 13 not voting, the House approved a bill that authorizes $25 million for the Justice Department to administer as grants that would cover training and equipment like metal detectors to improve school safety.
Helvetia Sports is recalling about 750 SwissStop EXOTherm cycling disc brake pads because the pads can separate from the backplate.