November 26, 2019
With growing confidence that its recent headwinds are in the rear view mirror, Dick’s reported net income jumped 52% to $57,584,000 from $37,827,000 on a 6% improvement in sales to $1,962,204,000 from $1,857,273,000 for the third quarter ended Nov. 2.
Two separate suits were filed in Chicago District Court seeking damages from the helmet maker for head trauma they suffered while playing in the NFL lower levels of football.
The National Retail Federation said that 56% of consumers had already started Holiday shopping by Nov. 21, and 24% of purchases have already been made, based on a survey conducted the first week of November.
The ratings agency cut Pure Fishing’s corporate family rating to B3 from B2 and revised the outlook to negative from stable, citing weaker sales, earnings, and cash flow than expected and higher transition costs separating from Newell.
While the Chinese sports giant sees growth potential in the PRC for most of the outdoor and team sports brands acquired with the Amer buyout, it is looking for a buyer for the Precor fitness brand, according to Bloomberg.
SKX closed a new $500 million, five-year, senior unsecured credit facility replacing the $250 million asset-backed credit facility that Skechers has had since 2015, which was due to expire next June.