February 13, 2019 Asics Results Hit by Americas Weakness
Asics posted a loss of ¥20,327 million ($184.0 mm) against income of ¥12,970 million for the FY ended Dec. 31 as sales declined 3% to ¥386,662 million ($3,499.3 mm) from ¥399,108 million. Japanese SG Companies See Nine-Month Sales Gains
At Goldwin, which controls The North Face and Helly Hansen brands in Japan, comprehensive net income for the nine months ended Dec. 31 gained 29% to ¥7,085 million ($64.2 mm) from ¥5,473 million on 23% higher sales of ¥63,706 million ($577.0 mm) vs. ¥51,774 million. Thule Posts Double-Digit Sales and Profit Growth in 2018
Comprehensive net income increased 31% in the final quarter to SEK46 million ($5.3 mm) from SEK35 million on 15% higher revenues (+8% constant currency) at SEK1,157 million ($133.1 mm) compared to $1,006 million. Senate Passes Bill to Permanently Reauthorize Land and Water Conservation Fund
The 92-8 vote also creates 1.3 million more acres of wilderness in UT, NM, OR and CA and also preserves additional land in MT and WA under less restrictive rules. Super Retail Group CEO Steps Down over Payroll Issues
The Australian multi-banner retailer will pay store managers about A$32 million in back pay and incur another A$11 million expense for interest and payroll tax to compensate them for unpaid overtime. Easton Wins Ruling in Bat Weight Suit
A CA District Court Judge threw out the class claim and three of the six causes of action in Ricky Wisdom’s suit against Easton Diamond Sports over inaccurate baseball bat weights. Etcetera: Caleres, Mammoth Coolers, Danner, Sportsman's Warehouse
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