August 22, 2019
Net income was down 6% to $112,534,000 from $119,397,000 for the 13 weeks ended Aug. 3 as total sales gained 4% to $2,259,212,000 from $2,177,488,000 that included a 3.2% comp store gain against an adjusted 4.0% comp decline last year with the brick-and-mortar stores comping positively and digital rising 21% to an indicated $271 million.
It was clear from the comments of major exhibitors at the Summer OR Show that they were willing to give the November dates one last chance in 2019, but now Emerald Exhibitions has decided to simply shut down the November show and combine all the winter markets into a single January show.
Comprehensive net income increased 16% in the first half of 2019 to RMB 518,163,000 ($75.9 mm) from RMB 444,794,000 as a big jump in sportswear sales sent revenues 23% higher to RMB 3,356,913,000 ($491.6 mm) from RMB 2,728,952,000 for the Chinese running brand.
The Chinese Ministry of Commerce again signaled that it would retaliate against the U.S. if it follows through with the threatened 10% tariffs on List 4 goods in Sep. and Dec.
Under Dog is seeking to enforce its ownership of all things armored with a trademark infringement suit against women’s activewear brand Armorina.
NB is suing Nautica brand owner Authentic Brands Group in U.S. District Court in MA, claiming that the brand is copying its 247 shoe design and has recently started using an “N” in a block font on other footwear and apparel.