April 16, 2020
Once high-flying GoPro will reduce its work force by 20% and cut costs by $100 million this year with another $250 million in non-head count related cost cuts in 2021 as it looks to streamline operations and focus more of its efforts on its growing DTC channel.
Net income nearly doubled at the Indonesian multi-banner retailer to IDR693,271 million ($49.0 mm) in 2019 from IDR353,321 million, on a 19% gain in sales to IDR7,447,321 million ($526.4 mm) up from IDR6,245,547 million, including +8.5% same store sales.
The Third Circuit upheld a district court finding that Nebraska law prohibiting contracts that prevent ordinary competition controlled the non-compete contracts that the Highbys signed with Cabela’s and they were free to start an outdoor store.
Net income jumped to $1,951,000 from $267,000 in the first quarter on 16% higher revenues of $37,289,000 up from $32,102,000, that were driven by basketball, pickleball, and Victory Tailgate e-commerce sales.
Total handgun imports declined 24% to 123,037 units in Jan., including a 21% dip in pistols and a 44% drop in revolvers, according to ITC data compiled by the NSSF.
A NY federal court judge ruled that the Plumbers & Pipefitters National Pension Fund suit against Kevin Davis and Amir Rosenthal can move forward, denying their motion to dismiss the case.
Columbia Sportswear suspended its 2020 guidance, and also suspended share repurchases and its quarterly dividend after making the March payment.