August 02, 2019
Barely a month after agreeing to suspend threatened 25% tariffs on a wide range of consumer goods including most sporting goods, President Trump expressed his displeasure at the slow pace of negotiations by imposing a 10% duty on those goods effective Sep. 1.
Comprehensive net loss was ¥3,600 million ($32.8 mm) against income of ¥5,080 million in the second quarter, pulled down by a big negative swing in foreign exchange translation adjustments, on revenues that inched higher to ¥88,496 million ($805.2 mm) from ¥88,134 million.
Operating income in the Home and Outdoor Living unit, which includes Coleman, increased 104% to $19.2 million from $9.4 million, as sales fell 5% to $705.4 million from $741.7 million.
Dorel’s Sports segment had an operating profit of $10,095,000 in its second quarter against a loss of $3,282,000 last year, on a 7% improvement in revenues to $241,029,000 from $224,513,000 driven by a strong rebound in U.S. sales.
Net income slipped 7% to $22,066,000 from $23,770,000 in the fiscal third quarter ended Jun. 28 on 3% higher sales at $176,253,000 up from $170,779,000.
Better margins and reduced SG&A narrowed GPRO’s second quarter net loss to just $11,287,000 from a loss of $37,269,000 last year on a 3% increase in revenue to $292,429,000 from $282,677,000.
Under Dog marketing SVP Adrienne Lofton is joining Nike as VP of marketing for North America, Footwear News reported, a move that was rumored last summer.
Super Jumper is recalling about 23,860 14-foot and 16-foot trampolines sold without reinforcement clamps on the legs, because the welds on the metal railings (legs) can fail.