August 03, 2018
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.
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.
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 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.
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.
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.