February 26, 2019
Net loss in the final quarter narrowed to $5,089,000 from a loss of $12,950,000 last year despite a 2% top line improvement to $247,101,000 from $242,889,000 and a comp store increase of 1.1% helped by strong sales of outerwear.
Olivia Moultrie inked a multi-year endorsement deal with The Swoosh shortly after signing with sports agency Wasserman Media Group, the New York Times reported, and she will move to Portland to train at the Thorns developmental academy there.
As it closes in on one of the industry’s largest-ever acquisitions of Amer Sports, Anta reported net income jumped 33% to RMB4,102.9 million ($613.2 mm) compared to RMB3,087.8 for the 12 months ended Dec. 31 with sales leaping 44% to RMB24,100.0 million ($3,601.7 mm) from RMB16,692.5 million.
The fourth investment in an early stage company will be $12.5 million for a minority interest in Rockets of Awesome, a kids apparel brand with a subscription model that is part of a Series C $19.5 million financing round.
Employees at the Rialto, CA, DC were notified that their employment would end on Apr. 22 and they are on paid leave until that time.
Presca comes to the $1.5 billion shoe company from Golden Goose Deluxe, where he was CEO, with senior roles at Diesel, Geox, VF Corp. and Lotto before that.