November 04, 2019
Gert Boyle, chair of Columbia Sportswear and so much more, passed away Nov. 3 at the age of 95. Her life story is one of perseverance, business savvy and a special talent for connecting with everyone she ever encountered.
Net income improved 36% to $102,315,000 from $75,266,000 for the third quarter ended Sep. 30 as total sales fell 1% to $1,429,456,000 from $1,442,976,000, primarily because of lower sales to the off-price channel in North America.
Net income declined 15% to $3,492,000 from $4,127,000 in the third quarter on 8% higher sales of $60,203,000 up from $55,686,000, as the Black Diamond brand accelerated but sales at Sierra Bullets worsened.
Vaughn was elevated to COO of the Journeys parent earlier this year, and will take the reins as president and CEO on Feb. 2, 2020 in a planned succession, when Bob Dennis retires at the end of the current fiscal year.
The footwear maker said that lower order volume due to trade frictions between the U.S. and China will result in an approximately HK$35 million ($4.5 mm) loss for the six months ended Sep. 2019, against a profit last year.
The U.K.’s Court of Appeal dismissed NB’s request for permission to appeal last month’s High Court ruling that it could not match Nike’s offer to take over the Liverpool kit sponsorship.
Golf retailer Impact Precision Golf is suing Precision Golf Academy in Southern TX District Court, accusing it of infringing on IPG’s name and crosshairs logo.
In our obituary for Curt Mueller last week, we incorrectly listed his three children as Jeff, Dawn, and Ginger. His children’s correct names are Jeff, Brett, and Ginger. Dawn is Brett’s wife.