February 12, 2019
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.
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.
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.
SKX is purchasing the minority share in Skechers South Asia Pvt. Ltd. which will make it a wholly-owned subsidiary of the company.
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.
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.
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.
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.