March 19, 2019
A $31.7 million impairment charge and a $58.1 million loss from its equity investment in Town Shoes swung DSW’s bottom line to a loss of $45,726,000 in the final quarter from a profit of $11,952,000 last year on 16% higher revenues of $843,365,000 compared to $724,678,000.
Despite a significant gain in operating profit, net income declined 74% to KRW 3,872 million ($3.4 mm) from KRW 15,127 million for the final three months of the year ended Dec. 31 as sales increased 24% to KRW 761,678 million ($672.9 mm) from KRW 614,482 million.
The Emeryville, CA, location is 47,000 sq. ft. and will be located in one of the East Bay’s premium shopping districts.
Comprehensive net income was off 35% to HKD 53,658,000 ($6.8 mm) from HKD 82,870,000 in 2018 as revenues gained 6% to HKD 941,493,000 ($119.9 mm) from HKD 890,707,000, driven by an 11% jump in U.S. sales to HKD 685.3 million on expanded production from Bangladesh.
Cindy Lea Linebaugh, the latest addition to the sex discrimination class action filed against the Eager Beavertons, said she was the recipient of a sudden, 9% off-cycle pay raise that was awarded two months after the initial Cahill v. Nike lawsuit was filed.