March 26, 2019
Net income was $1,359,000 in the final quarter ended Feb. 2 against a loss of $3,891,000 last year as sales declined 4% to $234,658,000 from $243,232,000 missing about $15.2 million from the extra week in Q4 last year, but benefitting from a 4.7% comp store sales gain.
Comprehensive net income declined 68% at the downunder retailer and Oboz parent to NZ$5,847,000 ($4.0 mm) from NZ$18,254,000 in the fiscal first half ended Jan. 31, pulled down by an unfavorable swing in cash flow hedge and foreign currency hedge reserves.
Photographer Jacob Rentmeester, who took the original photo of a leaping Michael Jordan that became a logo selling billions in Nike goods, had seen his suit thrown out by a district court than denied by a 2-1 vote in the Ninth Circuit.
Under Dog will move its Asia-Pacific regional headquarters in July to Hong Kong, where it already has a sourcing office, from its current location in Shanghai, the South China Morning Post reported.
The Seattle-based electric bike maker raised a private funding round from Darrell Cavens and Mark Vadon, best known for founding Zulily.
Firewire Surfboards has acquired the longboard maker and its Thunderbolt technology, according to ShopEatSurf.