July 30, 2019
The net loss shrunk to $17,349,000 from $95,544,000 in the second quarter ended Jun. 30 as total revenues inched up 1% to $1,191,729,000 from $1,174,859,000, but North American revenues were off 3% to $816,220,000 from a closeout-driven $843,383,000 last year.
BGFV just squeaked into the black in the second quarter with net income of $28,000 against a loss of $248,000 last year on revenues that inched up to $240,965,000 from $239,951,000 including +0.7% comps, despite the quarter including the Easter holiday this year.
The Coleman and Marmot parent named Saligram as the permanent replacement for the departed Michael Polk, succeeding EVP and CFO Christopher Peterson who has been serving as interim chief.
Lowa Sportschuhe has acquired the Italian footwear company Riko Sport, which makes about 12,000 pairs of directly injected Lowa shoes and boots daily in its Slovakian factory.
The Argentinean soccer team signed a 10-year kit sponsorship deal with the Big a valued at $100 million, after 24 years of wearing the Swoosh, Olé reported.
A 6% growth rate in Leisure footwear sales to $3.3 billion from $3.1 billion more than offset a 4% decline in Performance footwear to $1.6 billion from $1.7 billion, according to data from NPD.
Trek is recalling about 13,360 model year 2013 through 2019 Kickster pedal-less kids’ bikes because the steer tube clamp on the bike can break.