June 28, 2018
Net income rose 13% to $1,137 million against $1,008 million for the final quarter of the year on a 13% improvement in revenue to $9,789 million compared to $8,677 million for the final quarter ended May 31, fueled by strong digital growth globally, 23% growth overseas led by China and a 3% gain in North American sales.
The Big a said it had been made aware on Jun. 26 that an unauthorized party had gained access to customer information from its U.S. e-commerce site.
Elaborating on what it told the Baird Conference two weeks ago, Camping World said it would attach RV dealerships to as many as 40 of the 50 Gander locations it has reopened since acquiring the chain in a bankruptcy auction.
Comprehensive net income was up 79% to ¥820 million ($7.6 mm) from ¥459 million for the nine months ended May 31, although revenues declined 8% to ¥51,218 million ($472.7 mm) from ¥55,401 million.
With its plan to acquire outdoor brands that will help leverage its huge NOL, the Black Diamond parent signed a new $75 million credit facility agreement with a $75 million accordion from J.P. Morgan Chase that matures in 2022.
Dorel is selling the Sugoi and Sombrio brands to the Canadian specialist to concentrate on its cycling hard goods business.
Index Ventures led the Series A round with participation from earlier investors Thrive Capital and Simon Ventures bringing to $20 million raised by the online men’s streetwear and fashion community.
A N. District CA court granted Fitbit $222,937.66 in attorneys’ fees, holding plaintiff Smart Wearable and its attorneys jointly and severally liable in a case that the court called “plainly irresponsible and frivolous.”
Mediahub will replace PGR Media, which has handled the NB account since 2011, as the brand’s agency of record, Adweek reported.