April 09, 2018
The Big a will be closing selected stores from its fleet of 2,500 units globally over the next few years as part of a DTC strategy that will place more investment on its digital logistical capabilities as well as make more of its stores into showcase stores for the brand, CEO Kasper Rorsted told the Financial Times, calling the website “the most important store we have in the world.”
The outdoor coop saw net income fall 20% to $30,490,000 from $38,065,000 for the FY ended Dec. 30 as sales rose 3% to $2,622,776,000 from $2,557,543,000.
The Canadian urban athletic apparel brand saw its comprehensive loss expand to $2,553,196 in the fourth quarter from a loss of $1,781,197 last year as revenues more than doubled to $1,166,126 from $474,844.
Australia’s Federal Court approved the surf brand’s purchase by Oaktree Capital-owned Boardriders, making the acquisition scheme immediately legally effective.
Retail imports jumped 15.8% to 1.69 million TEU due to the Chinese New Year shutdown occurring in Feb. this year compared to Jan. in 2017, according to the NRF’s Global Port Tracker.
Yosuke Suzuki takes the reins as president of Nippon Sigmax Co. succeeding his father Kozo Suzuki. The younger Suzuki was most recently general manager of global business division at the company.