March 27, 2019 Lululemon Still Making Lemonade in Q4
The lulunatics had net income of $218,465,000, up 82% from last year’s $119,761,000 on a sales increase of 26% to $1,167,458,000 compared to $928,802,000 that saw comparable store sales grow 6% and digital revenue leaping another 37%. Iconix Sees Loss in Q4 on Impairment, Other Charges
The licensing company swung to a net loss of $69,077,000 in the fourth quarter from a profit of $24,744,000 last year on 18% lower revenues of $42,705,000 down from $52,299,000. Gildan Takes $19-23 Million Hit on Heritage Liquidation
After efforts to sell a large screen printing distributor as a going concern failed, a court-appointed liquidator decided to wind down Heritage operations to pay off its secured creditors. Dick’s Settles CA Class Action Wage Suit
The Eastern District of CA federal court is asked to approve a class action settlement that would pay 10,700 current and former hourly employees of Dick’s for claims asserted from 2011 through 2017 a total of $2.9 million which includes $1,658,333 in awards to the general plaintiffs, $10,000 to the lead plaintiff and the balance in legal fees and administrative expenses. Himaraya Has Loss in Fiscal First Half
Comprehensive net loss was ¥69 million ($0.6 mm) is the fiscal first half ended Feb. 28 against a profit of ¥319 million last year on flat revenues of ¥32,404 million ($287.3 mm) against ¥32,255 million at the Japanese retailer. Descente Makes Peace with Itochu
Descente has reached a power-sharing agreement to head off a hostile takeover from Itochu, its largest shareholder, that will reconstitute its board with two directors appointed by each company and two independent outside directors. Etcetera: Sea to Summit, Under Armour, Columbia, Osprey
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