February 19, 2019
Battered by weak sales, a liquidity crunch and reduced inventory flow from its factories, the Payless management determined that a restructuring of the 2,500-store North American operation was not feasible given the substantial investment needed to make it competitive, but the profitable Latin American stores and a network of profitable franchised stores throughout the Middle East, Africa and Asia will continue.
He will become President & CEO of Elan Sports USA, the Lebanon, NH, U.S. subsidiary of Slovenia-based Elan Skis, effective immediately.
Comprehensive net income was off 83% for the six months ended Dec. 31 to ¥453 million ($4.0 mm) from ¥2,671 million as sales dipped 1% to ¥111,717 million ($990.4 mm) from ¥113,382 million.
November handgun imports declined 22% to 204,683 units as a 25% drop in pistol imports to 182,602 more than offset a 34% gain in revolver imports to 22,081.
Academy is recalling about 3000 Outdoor Gourmet Turkey Keg turkey fryers because the turkey fryer spout can leak oil, posing a fire hazard.