March 01, 2019
Net income handily exceeded guidance at $158 million against a loss of $49 million last year with total sales up 3% to $2,272 million compared to $2,210 million that were propelled by a 9.7% comp store gain.
The women’s athletic apparel chain continued its strong growth trend in the final quarter, comping up nearly 30% lapping Q4 ‘17’s mid-20s improvement, with the girls’ business leading the way with a 60% comp.
In addition to the cuts at its Rialto, CA, distribution center, Under Dog will lay off 50 people at its Baltimore headquarters over the next few months, the Baltimore Sun reported.
The NYC-based, multi-brand activewear retailer will see Eurazeo Brands invest $25 million in partnership with founders Jennifer Bandier and Neil Boyarsky and venture capital firm C Ventures for a total of $34.4 million.
The NY-based clothing brand is suing NBA Properties, the Brooklyn Nets, Nike, New Era, Russell Brands and other defendants accusing them of knocking off its striped fabric patterns inspired by rapper Notorious B.I.G.
JumpSport is recalling about 12,500 folding mini fitness trampolines because the trampoline’s hinged, round metal frame can forcefully hit the user.