November 20, 2018
Big Foot reported net income of $130 million, up 27% from $102 million, for the third quarter ended Nov. 3, as sales dipped 1% to $1,860 million from $1,870 million with comp store sales improving 2.9%.
Caleres net income declined 15% to $29,153,000 in the third quarter ended Nov. 3 from $34,387,000 last year on revenues of $775,829,000, up slightly from $774,656,000 as gains at the Brand Portfolio offset a 5% decline at Famous Footwear.
Plaintiffs in the ongoing sex discrimination suit added an additional party plaintiff and amended their complaint to address some of the objections Nike raised in the motion to dismiss it filed earlier this month.
The Eager Beaavertons, who recently included Esports star Jian Zihao in an ad with LeBron James, is negotiating a five year deal with China’s League of Legends Pro League that could be worth as much as $144 million in total, according to a report in Lanxiong Sports.
The department store chain said activewear sales were up close to 10% for the most recent quarter and represent about 20% of the total.
In its latest lawsuit against online sellers of fake Uggs, Deckers detailed their slippery tactics in a motion to keep their identities under seal and for a temporary restraining order that would transfer their domain names and freeze their assets.
The new asset-based facility includes a $450 million revolving credit agreement, a $109.3 million term loan, and a $40 million junior term loan, and replaces its existing senior secured credit facilities.