September 06, 2018
Net income was $4,377,000 for the quarter ended Aug. 4 this year against a loss of $608,000 with sales jumping 14% to $218,971,000 from $192,245,000, boosted by a 6.3% comp gain.
Amer said it would grow mid-single digits currency neutral on an organic basis with EBIT growth that will be even faster as it continues to emphasize high growth areas like apparel, DTC and China.
Building on its laboratory store on Market Street in San Francisco, the French-based retail giant will now add a 47,000-sq.-ft. store in Spring, 2019 in the Emeryville shopping district in the East Bay.
Net income was $10,077,000 in the second quarter ended Jul. 31 against a loss of $8,568,000 last year on a 16% jump in revenues to $624,698,000 from $538,006,000.
Mason Wells, which has about $1.0 billion of assets under management, bought the 10-year-old Succasunna, NJ-based sporting goods company for an undisclosed price.