March 18, 2019
Comprehensive net income at the Indonesian multi-banner retailer increased 31% to IDR 381,848 million ($26.8 mm) from IDR 292,593 million in 2018 on 23% higher revenues of IDR 6,245,547 million ($438.7 mm) up from IDR 5,076,181 million including +11.8% same store sales growth.
With strong U.K. retailers continuing to snap up ailing competitors, JD Sports upped its interest in Footasylum with a £90.1 million ($119.8 mm) offer to take over its smaller rival.
The retailer said that its revenues inched up slightly in 2018 to about $1.6 billion after two years of flat top line results, and that it will pay out a total of $45 million to employees, including a 5% performance bonus and a 2% enhancement to its 401(k) contribution.
Comprehensive net income declined 81% to HKD 46,734,000 ($6.0 mm) from HKD 247,835,000 in 2018 on 9% higher revenues of HKD 381,848,000 ($48.6 mm) up from HKD 348,919,000.
Diane Blake, a co-founder of Winston, was one of the dozens of parents charged in the federal investigation of fraudulent admissions to highly selective colleges.
Kasey Jarvis will succeed the just departed Dave Dombrow as Under Dog’s chief design officer, joining the company from Black Diamond Equipment where he served as VP of product and design.
The ratings agency cited CWH’s increased debt to EBITDA leverage of 5.2x, caused largely by the $50 million in Q4 of Gander Outdoors-related costs, for the decision to review its B1 rating.
Handgun imports decreased 8% for the month to 261,149 units, as a 10% drop in pistol imports to 236,122 more than offset an 11% gain in revolver imports to 25,027 units, according to NSSF-compiled ITC data.
The 20th annual National Health Through Fitness Day on Mar. 13 featured a roster of retired athletes encouraging Congress to pass PHIT Act, which was recently re-introduced in the Senate and the House.
Tech Gear 5.7 is recalling about 4,000 pairs of mobile warming performance heated socks because the lithium-ion battery can overheat, melt or ignite when charged with a charger other than the one provided.