November 12, 2018
Minority employees sent a letter to Adidas America president Zion Armstrong urging him to diversify minority and ethnic representation in upper management, according to Footwear News which obtained a copy of the letter.
Net income jumped to KRW 45,302 million ($51.1 mm) from KRW 20,683 million for the three months ended Sep. 30 as sales improved 28% to KRW 725,878 million ($643.6 million) from KRW 569,274 million.
Plunging gross margins and foreign exchange sent comprehensive net income at the apparel maker down 84% to HKD 25,492,000 ($3.3 million) in the fiscal first half ended Sep. 30 from HKD 154,673,000 last year despite 26% higher revenues of HKD 1,476,600,000 ($188.6 mm) vs. HKD 1,176,471,000.
Net income slipped 8% to ¥3,433 million ($30.8 mm) at the Japanese retailer in the fiscal first half ended Sep. 30 from ¥3,724 million on slightly lower revenues of ¥116,437 million ($1,044.4 mm) compared to ¥116,789 million.
The Eager Beavertons renewed their deal to provide the English Premier League ball and official sponsorship for six years until 2025.
The Seattle-based winter and action sports retailer is acquiring Whistler Village Sports, which operates five locations in Whistler, British Columbia.
Yue Yuen sales were up again last month, gaining 13.2% to $885,298,000 up from $781,994,000, driven by Pou Sheng retail sales that surged 14.8% to $307,569,000 from $267,901,000.