August 13, 2019
The Administration said most List 4 tariffs will be implemented as President Trump stated earlier on Sep. 1 but a handful of items will see the tariffs delayed until Dec. 1. The Tariffs on $300 billion worth of Chinese imports include about one-third of athletic apparel and footwear and 60% of all sports equipment.
Comprehensive net income attributable to shareholders jumped 53% to $177,454,000 from $116,186,000 in the first half on 6% higher revenues of $5,070,727,000 up from $4,769,353,000 including a double-digit increase in retail sales and a smaller gain from footwear manufacturing.
Net income increased 13% in the second quarter to KRW 91,972 million ($78.9 mm) from KRW 81,139 million on 21% higher sales of KRW 959,303 million ($822.4 mm) up from KRW 790,170 million.
The fashion footwear maker is acquiring five-year-old, Brooklyn-based Greats, which sells its Italian made athleisure sneaks directly online, from its SoHo flagship store, and to a few select wholesale accounts.
The ratings agency lowered its credit rating on the Gander Outdoors parent to B from B+ after the retailer revised its EBITDA guidance down due to soft retail sales and a more promotional RV sales environment.
Milkcrate says its founder Aaron LaCanfora unsuccessfully pitched Adidas on a number of designs, including a milk crate as a basketball net on a backboard, and that in 2015 the Big a used the design on a Brooklyn Nets t-shirt without permission.
The Big a signed the number one Alpine skier in the world to a multi-year partnership after her record breaking 2018-19 season in which she won 17 World Cup events.