February 12, 2019 Under Armour Stays on Pace with Profit in Q4
Incremental improvements in sales and margin plus a nice tax benefit of $21.2 million helped Under Dog report a profit of $8,421,000 against a loss of $87,920,000 for the final quarter ended Dec. 31 as revenues improved 2% to $1,389,980,000 from $1,369,216,000. REI CEO Jerry Stritzke Resigns
The outdoor co-op said in a statement that Stritzke, who has been president and CEO since 2013, had a personal and consensual relationship with the head of a partner organization in the outdoor industry. Shimano Net Rebounds But See Net Flat in 2019
Net income jumped 40% to ¥53,931 million ($489.5 mm) from ¥38,443 million for the year ended Dec. 31 as sales rose 4% to ¥348,035 million ($3,158.9 mm) from ¥335,800 million. Skechers Buys Out India Joint Venture
SKX is purchasing the minority share in Skechers South Asia Pvt. Ltd. which will make it a wholly-owned subsidiary of the company. Garmin Buys Dutch Fitness Bike Maker
GRMN will acquire privately held Tacx Onroerend en Roerend Goed, which designs and manufacturers indoor bike trainers as well as indoor training software and applications, with a closing anticipated in Q2. Retail Import Forecast Raised after December Surge
Threats of tariff increases kept West Coast ports busy through the end of the year, with Dec. volume gaining 13.9% year-over-year to 1.97 Twenty-Foot Equivalent Units according to the NRF’s Global Port Tracker. Moody’s Upgrades Caleres on Revolver Extension
The ratings agency raised CAL’s speculative grade liquidity rating to SGL-2 from SGL-3, citing the maturity extension of its asset based revolving credit facility to Jan. 2024 from Dec. 2019. Johnny Mac’s Sporting Goods to Close
The St. Louis, MO-based full-line dealer is liquidating inventory at all nine of its retail locations and has sold its team sales division, which services the Missouri, Illinois and Michigan markets, to BSN Sports. Etcetera: Genesco, Louis Garneau, CRKT
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