December 02, 2019
China issued a rather mild rebuke to the U.S. in its response to President Trump signing the Hong Kong Human Rights and Democracy Act, which Beijing had criticized as unwarranted interference in its internal affairs.
The Canadian outdoor co-op swung to a loss of C$11,487,000 ($8,696,000) in the fiscal year ended Feb. 24 against a profit of C$11,745,000, hit by higher SG&A spending and C$8.5 million in restructuring expenses, according to a financial disclosure posted on its website.
The global sporting goods and bicycle market now stands at $471 billion at retail value, and rose at a faster rate than the 5% gain found the previous year, according to NPD Group’s annual assessment.
The Lakewood, CO-based winter sports specialty retailer has received a significant strategic investment from TZP Capital Partners, taking out existing equity investor Norwest Equity Partners.
In a reverse merger, Slinger Bag Americas Inc. has been acquired by Lazex Inc., which trades on the OTC market, and subsequently changed its name to Slinger Bag and its ticker symbol to SLBG.
Citing the environmental damage that is resulting from the Northern Sea Route that goes through waters north of Russia between Asia and Europe, the Eager Beavertons joined the Ocean Conservancy in urging all companies to boycott this route.
Net loss at the Japanese golf brand was ¥51.2 million ($0.5 mm) in the fiscal first half ended Sep. 30 against income of ¥2,134.5 million last year on 8% lower revenues of ¥10,591.0 million ($98.7 mm), down from ¥11,503.2 million.
The online Canadian outdoor apparel retailer has received an undisclosed amount of additional capital from longtime investor BDC Capital.