August 30, 2018
The Lulunatics nearly doubled net income to $95,770,000 from $48,711,000 for the quarter ended Jul. 29 and sales accelerated with a 25% gain to $723,500,000 from $581,054,000 that featured a 10% comp store gain in its brick-and-mortar stores and a 48% gain in its digital business that would have been a 66% gain excluding the impact of an online warehouse sale last year.
Net income was $7,645,000 in the fiscal first quarter ended Jul. 31 against a loss of $2,165,000 last year on an 8% topline increase to $138,833,000 from $129,021,000 on strengthening gun sales and a boost from outdoor products.
Hit by the costs of avoiding the clutches of the Randa offer and a few other items, Perry Ellis reported a loss of $3,265,000 against income of $979,000 for the three months ended Aug. 4 on a 4% decline in sales to$189,338,000 from $198,394,000.
Descente is forming a business alliance with the innerwear maker to develop a line of athleisure compression wear, sports baselayer and swimwear targeted at young women.
CrossFit settled its lawsuit over disputed royalty payments with its primary sponsor and apparel and footwear licensee.
BSN Sports is recalling about 31,200 rubber critter toys because the orange and yellow paint on them contains levels of lead that exceed the federal lead paint ban.
Cybex is recalling about 15,000 model 5340 and 5341 plate-loaded weight-lifting Smith Presses because the weight bar can fall on the user.