March 26, 2020 Lululemon Girds Up for Covid-19 Using China Roadmap
The lulunatics finished 2019 with a 36% jump in profits to $298,021,000 in the final quarter ended Feb. 2 from $218,465,000 on 20% higher revenues of $1,397,491,000 up from $1,167,458,000 that included a 20% blended comp gain, lapping a 17% increase last year. Fila Finishes Strong 2019 but North America Dips in Q4
While business around the globe continues to show momentum, North America suffered a 36% decline in revenue and swung to a loss from a profit in Q4 as the company overall reported a more than 12-fold increase in profit to KRW 51,512 million ($38.7 mm) from KRW 3,873 million on sales of KRW 789,557 million ($593.5 mm), up 4% from KRW 761,678 million. Sportsman’s Warehouse Sees Surge after Tepid Q4
Net income dropped 9% to $9,683,000 over $10,629,000 for the fourth quarter ended Feb. 1 as revenue gained 6% to $258,152,000 over $242,683,000. Covid-19 Updates: Wolverine, Accell, Designer Brands, Super Retail Group, Fanatics
Wolverine Worldwide expects to generate $150 million of positive operating cash flow in 2020, bolstered by about $500 million net cash from delaying most capital projects, suspending share repurchases and significantly cutting operating expenses. Lamar Jackson Sues Amazon for Selling Unlicensed Merchandise
The Ravens quarterback says Amazon is infringing on his publicity rights by selling t-shirts and other apparel using his name and slogans, including Action Jackson, Lamarvelous, and Not Bad for a Running Back.
|