August 03, 2018 Asics Slips on Double-Digit U.S. Decline
Comprehensive net loss was ¥1,271 million ($11.6 mm) in the first half against a profit of ¥1,246 million on a 5% revenue decline to ¥192,776 million ($1,766.9 mm) from ¥203,735 million largely due to weakness in the U.S. market. Charlesbank Completes Rockport Purchase
Facilitated by last week’s $8 million settlement with Adidas over disputed obligations dating back to its 2015 sale of the company, Rockport emerged from bankruptcy under the new private equity ownership. Dorel Sports Dips on Restructuring Charge
The Sports segment had an operating loss of $3,282,000 against a profit of $4,928,000 in the second quarter hit by an $11.2 million charge including a writedown of the Sugoi trademark and inventory after the sale of its apparel business to Louis Garneau. Randa Ups the Bid for Perry Ellis
Randa Accessories raised its offer to take PERY private to $28.90 per share in cash from its previous $28.00 price, sweetening the deal that already exceeds insider George Feldenkreis’ $27.50 offer. NICS Checks Down Again in July
FBI background checks, as adjusted by the NSSF, dropped 9.5% to 821,260 from 907,348 in July last year, the fourth straight month of declines. CPSC Recall: Bike Motor Controllers
Clean Republic is recalling about 3,350 Hill Topper electric bike motor controllers because water can enter the controller and cause the motor to accelerate on its own.
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