March 07, 2019
Although its core RV business had a solid Q4, the retail business which includes the troubled Gander Outdoor chain continued to struggle as CWH reported a loss of $30,328,000 against a loss of $15,830,000 as sales rose 11% to $982,393,000 from $887,986,000 for the final quarter ended Dec. 31.
A $10.4 million goodwill impairment charge sent the bottom line into the red for the fiscal third quarter ended Jan. 31, resulting in a net loss of $5,725,000 against a profit of $11,395,000 last year that included a $9.4 million one-time benefit from the Tax Act.
The Sports Direct CEO is seeking to leave that position to run department store chain Debenhams, according to a statement on the company’s website.
The Australian retailer appointed Gary Williams managing director of sports retailing, where he’ll oversee the Rebel Sports chain and report to new SRG CEO Anthony Heraghty.