March 05, 2020
Net income for the fiscal third quarter ended Jan. 31 was $5,731,000 against a loss of $5,725,000 last year that included a $10.4 million impairment charge, as revenues increased 3% to $166,695,000 from $162,008,000 benefitting from a $10.1 million federal firearms excise tax assessment.
The haberdasher’s reading of the 1980 trademark settlement between the two companies agreement asserts that the intent of the deal was that Brooks Sports could only use the “Brooks” name alone in connection with athletic footwear whereas Brooks Brothers had the right to use the word “Brooks” alone for all other clothing, apparel and many other items including sporting goods.
GPS promoted from within, elevating Old Navy CEO Syngal to the top job, with the task ahead to get the multi-banner retailer back on track after its recent struggles.
The Eager Beavertons closed their Soho London headquarters and another office at Doxford Park near Sunderland, the Standard reported, sending at least 150 employees to work from home.
Hyperice will add NormaTec’s pneumatic compression recovery products to its line of percussion, vibration and thermal recovery aids.