February 12, 2020 Coronavirus Update: Production Slowly Reopening
While there are still considerable restrictions on travel and traffic in shopping districts remains low, the production machinery in China is beginning to restart albeit with widespread shortages of workers a persistent problem. Shimano Q4 and Full-Year Net Income Declines
Net income in the final quarter dropped 35% to ¥9,034 million ($83.1 mm) from ¥13,919 million on sales that were slightly lower at ¥93,707 million ($862.1 mm) down from from ¥94,112 million. Thule Grows Q4 Sales, but U.S. Results Disappoint
Net income for the fourth quarter was down 32% to SEK30 million ($3.2 mm) from SEK44 million as revenues rose 5% (+1% CC) to SEK1,211 million ($128.1 mm) from SEK1,157 million. Rapala Sees North America Drive Sales Gains
The Finnish fishing equipment maker’s bottom line loss expanded 8% to €3.4 million for the second half of 2019 from a loss of €3.2 million, on revenue that improved 12% to €134.2 million from €199.9 million. Nike Sues Customs Broker over Counterfeits
Following a legal strategy it has used before, when the source of counterfeit shipments can’t be identified, Nike is suing the customs broker, logistics company and shipper involved with a shipment of fakes. New Firearms Export Rules See Court Challenge
Attorneys general from 22 states and the District of Columbia are suing the Trump Administration to stop the implementation of new rules that would put the Commerce Department in charge of commercial firearms exports. Etcetera: Deuter, True Spec Golf, Skechers, Vibram
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