February 12, 2020
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.
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.
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.
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.
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.
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.