July 19, 2018
Net income slipped 24% to $45,284,000 from $59,535,000 in the second quarter, pulled down by higher SG&A spending despite an 11% increase in sales to $1,134,797,000 from $1,025,934,000.
The Eastern Mountain Sports and Bob’s Stores chains acquired from bankruptcy had trading losses of £9.2 million ($12.0 mm) for the 52 weeks ended Apr. 29 on top of another £17.2 million in accounting adjustments.
That’s more or less the conclusion of the New York Times, which conducted an extensive study using data from 500,000 marathon and half marathon times over the past four years.
Rockport sees the DE bankruptcy court approve its asset sale to Charlesbank for $150 million, but with substantial changes pending the outcome of its dispute with Adidas.
Net income increased 11% to SEK 385 million ($47.5 mm) from SEK 348 million in the second quarter, on 10% higher revenues of SEK 2,155 million ($265.7 mm) against SEK 1,955 million.
The ratings agency upped WWW’s corporate family rating to Ba1 from Ba2, and its senior unsecured notes due 2026 to Ba2 from Ba3, with a stable rating outlook, citing the completion of its restructuring initiatives.
Under Dog is suing iFindMedia for selling apparel featuring Respect This House text and logo, claiming that the line infringes on its Protect This House mark, used since 2003.
The 24 defendants are accused of selling counterfeit Cleveland Golf and Srixon merchandise through seller accounts on marketplace sites such as eBay and Wish.
Stockholders Seidler Equity Partners and SK Capital Holdings will sell 2,822,652 shares in an offering underwritten by D.A. Davidson.