December 05, 2018
The athletic footwear franchisor now has over 520 stores in 32 countries, and generated total sales of $417 million last year after a tumultuous six-year transition in which more than 300 stores were closed and the same number were either opened or refitted.
Net income jumped 71% to R$119.8 million ($31.3 mm) in the third quarter, but this was partly due to non-recurring items, on 2% lower revenues of R$930.7 million ($243.2 mm).
Taiwanese bicycle manufacturer Ideal opposed Performance Bicycle’s motion to reject a licensing deal that gave it the right to manufacture products for the retailer under brands like Kestrel, Fuji, Breezer and others.
A statement from China’s Commerce Ministry acknowledged the 90-day cease-fire that was agreed to by President Trump and Chinese President Xi Jinping, the Wall Street Journal reported.
Net income dropped to R$39.5 million ($9.1 mm) from R$65.9 million in the third quarter at the parent company of Olympikus and Azaleia on a 6% decline in revenues to R$322.1 million ($84.2 mm), just as it is gearing up to take over the distribution of Under Armour in Brazil.
The parent of Body Glove will add the Dakine assets to its portfolio and has signed a long-term operating agreement with JR286, a licensee of Nike accessories, to develop the brand.
The ratings agency assigned a Ba3 rating and an SGL-2 speculative grade liquidity rating to ELY’s proposed $480 million senior secured term loan which will be used to finance the purchase of Jack Wolfskin.
In addition to being president of Nike direct over all brick-and-mortar and Nike.com DTC operations, she will now be responsible for all digital products and member experiences.
The sneakers would have had a retail value of $1,695,600 if authentic, according to Customs and Border Protection.
All three OR shows will now span three days, with Summer Market in June and Winter Market in November going from four days to three, aligning with the current three-day format for January’s Snow Show.