August 08, 2019
Despite the delivery issues that slowed its progress in North America, Adidas net income increased 34% in the second period ended Jun. 30 to €531 million ($603 mm) from €396 million with revenue advancing 5% to €5,509 million ($6,253 mm) from €5,261 million.
Net income declined 53% to $28,931,000 from $60,867,000 for the seasonally important second quarter ended Jun. 30 as sales rose 13% to $446,708,000 from $396,311,000.
The net loss narrowed to $16,615,000 in the fiscal first quarter ended Jun. 30 from a loss of $52,348,000 including a $9 million impairment charge for Savage Arms this year and a $45 million impairment for the since-divested eyewear brands last year.
SportChek sales increased 3% to C$452.5 million ($338.4 mm) in the second quarter from C$441.2 million last year, including comp store sales growth of 3.7%.
Net income was $1,271,000 against a loss of $79,429,000 in the second quarter on licensing revenues that were 32% lower at $34,394,000 down from $50,212,000.
Two virtually identical suits charge that CWH butchered the rollout of the Gander acquisition by trying to manage Gander’s inventory using a system that was designed for selling low volume, high priced RVs.
In two separate actions filed in West TX District Court, Yeti is suing Wyld Gear and Bapex International for copying its hard- and soft-sided coolers and its tumbler.
Seattle Manufacturing Corporation is recalling about 165 Kobah 60, 65, 70 and 75 centimeter ice axes because the spike and/or head of the axe can detach from the handle during use.