August 28, 2018
The net result was a loss of $38,356,000 against income of $28,677,000 for the second quarter ended Aug. 4, following pre-tax charges totaling $105,664,000 related to restructuring and consolidating its investment in its Canadian operation and its exit from eBuys.
The bottom line tripled to $11,775,000 from $3,896,000 in the second quarter ended Aug. 4 driven by 6.7% comp sales increase and a $19.7 million benefit from the calendar shift that sent sales 14% higher to $268,366,000 from $235,064,000.
The Brazilian digital retailer is working with Goldman Sachs to find a new investor as its cash position has dwindled from the equivalent of $107 million to just $19 million over the last year and losses have mounted, exacerbated by the Brazilian trucking strike.
The Sumitomo Rubber Industries brand will launch a global campaign in tennis that will include a new marketing message, branding, a key new sponsorship of the Australian Open and a new tie-in with the IMG Tennis Academy.
Comprehensive net loss was $1,824,000 for the first six month of 2018 against a profit of $1,941,000, as revenues slipped by a third to $29,773,000 from $44,245,000.
In the three years since it was started by PHIT America, there have been Go Grants to 589 schools in 48 states that have reached 305,074 elementary school children.
The MediaCom unit of WPP will now handle all of the Big a’s business, including both the Adidas and Reebok brands, starting in Sep.
More than 100 protestors, including a survivor of the Parkland, FL, shooting, finished a four-day march in MA at the Springfield headquarters of the gun-maker.
The parent of the Stealth Cam, Walker’s, Hunting Made Easy, Cyclops, American Hunter, Western Rivers, and Shooting Made Easy will add the archery company that was founded in 1971 to its portfolio.
The co-founder and president will succeed Tom Davin as CEO, who will continue in an advisory role. Morales, the former president of Royal Robbins, started 5.11 in 2003.