July 31, 2018
The red ink amounted to $248,000 against a profit of $2,778,000 in the second quarter ended Jul. 1 on total sales that dipped 2% to $239,951,000 from $243,671,000 including a 2.1% same store sales decline.
Adrienne Lofton, who was Under Dog’s SVP and global head of brand management and had been with the company for nine years, will become an Eager Beaverton, according to a report in Adweek.
Net income surged 82% to $2,649,151 from $1,459,183 in the second quarter boosted by 250 basis points of gross margin expansion despite revenues that declined slightly to $58,205,840 from $58,454,954.
New owners Seidler Partners and MLB are looking to develop a second facility to complement the existing one in Costa Rica.
Abraham Berti Levy, a So. CA entrepreneur, filed an infringement case against the Big a in Central District, CA, alleging that he spoke to Adidas licensee Agron in 2016 about a concept he developed using the registered trademarks “You’re Never Done,” “Never Done,” “We’re Never Done” and “I’m Never Done.”
The high end factory agreed to have its manufacturing agreement assigned to buyer Charlesbank in return for a payment of $2,699,370.21.