January 31, 2020
Coming off of a year that was a 10, the 2019-20 season is shaping up as pretty much a right down the middle year with some pockets of strength and weakness based on weather and a bit of a hangover in winter apparel.
World Athletics, the sport of running’s international governing body, set limits on midsole design and construction that would ban some versions of Nike’s Vaporfly franchise from elite competition.
Net income in the fiscal first quarter ended Dec. 27 surged 83% to $6,430,000 from $3,521,000 on 23% higher sales of $128,054,000 up from $104,440,000 in the seasonally slow period.
Customs and Border Protection seized more than 176,000 counterfeit Super Bowl LIV-related items, worth an estimated $123 million at retail, from Miami, FL, flea markets, retail outlets and street vendors.
Standard & Poor’s maintained the Canadian retailer’s BBB+ issuer credit rating, forecasting an increase in EBITDA this year driven by growth of its private label brands, further integration of Helly Hansen, and a focus on improving operating efficiency.
Fenix promoted company veteran Per Wååg to global CEO of Primus AB and Brunton Outdoor.
The water filtration products company promoted its long-time managing director, Alison Hill, to CEO, succeeding Mikkel Vestergaard Frandsen, who is the owner of LifeStraw’s parent company, Vestergaard.