April 23, 2019
The US Patent and Trademark Office Appeals board’s ruling against Adidas in its claim to have Nike’s key Flyknit patent invalidated will now go to the U.S. Court of Appeals for the federal circuit in Washington, DC.
Edgardo Ramos, the U.S. District Court judge presiding over the bribery trial of Merl Code and Christian Dawkins upheld a prosecution request last week that Sean Miller of Arizona and Will Wade of LSU do not have to testify despite the FBI having wire taps of conversations in which they allegedly were paying players in violation of NCAA regulations.
Comprehensive net income soared to ¥13,384 million ($121.4 mm) from ¥1,091 million in the first quarter helped by a big positive swing in foreign currency translation adjustments, as revenues gained 3% to ¥87,714 million ($795.8 mm) from ¥85,236 million.
Licensing revenues from the Hi-Tec brand portfolio were up 12% in CHKE’s fiscal fourth quarter ended Feb. 2, but the non-renewal of other licensing agreements pulled down overall revenues 11% to $6,127,000 from $6,884,000.
Net income increased 11% in the first quarter to $3,605,000 from $3,251,000 on 7% higher sales of $65,929,000 up from $61,387,000, led by the retail channel, which increased 18% to $15.4 million.
The co-founder of the SportMart chain in 1971 passed away Apr. 20 at the age of 85.