May 19, 2020
That led to a loss of $541 million against income of $62 million for the 13 weeks ended May 2 on sales of $2,428 million this year compared to $4,087 million prior.
Net income at the Japanese retailer declined 78% to ¥408 million ($3.7 mm) from ¥1,884 million for the fiscal year ended Mar. 31 on 3% lower sales of ¥225,312 million ($2,068.0 mm) against ¥231,629 million.
The Pottstown, PA-based retailer accused Corporate Images and a former employee of conspiring to steal its team sales business, calling the defendants a “merry band of outlaws,” in the suit filed in Philadelphia federal court.
Several more sporting goods and outdoor product categories were added to the List 3 China 301 tariff exclusion list, which are retroactive to Sep. 24, 2018, and will be valid through Aug. 7, 2020.
U.S. bicycle sales increased 31% in the first quarter to $1.3 billion, according to NPD Group, led by adult lifestyle bikes, up 121%, and continued strong growth from e-bikes, up 85%.
Former NY Giants tackle Luke Petitgout is suing Riddell and related entities for head injuries sustained over his football career.