May 14, 2019
Whatever was not on the first list of sporting goods products is on the new list released by the US Trade Representative’s office for new duties on imports from China.
Net income declined 21% in the first quarter to $75,494,000 from $95,441,000 on overall revenues of $2,479,385,000, up 8% from $2,287,391,000, helped by a rebound in athletic footwear and a double-digit improvement from Pou Sheng retail.
Alpen’s comprehensive net loss was ¥2,310 million ($21.0 mm) for the nine months ended Mar. 31 against income of ¥1,007 million last year, on sales that inched 1% lower to ¥165,031 million ($1,497.6 mm) from ¥165,938 million.
The 74-year-old will head the non-executive board for one more year to see through the five-year Creating the New strategic plan, at which point he will hands over the reins.
Net income decreased 35% to $17,945,000 in the first quarter from $27,756,000 last year, with both periods benefitting from large non-cash fair value adjustments on the company’s convertible notes.
A Chicago District Court jury awarded Deckers $450,000 in damages after finding that shoemaker Australian Leather had copied its Button and Side Bow boot designs and branded the knockoffs “Uggboots of Australia.”
ESCA will add the Dura brand to its portfolio, joining its current Onix and Pickleball Now offerings in the category.