August 20, 2020
Revenue from the former Sports Direct’s Rest of World Retail segment, which includes Bob’s Stores and Eastern Mountain Sports in the U.S., along with Malaysian Sports Direct stores, declined by 19% to £174.2 million ($220.5 mm) in the fiscal year ended Apr. 26, from £215.9 million last year.
The AL bankruptcy court denied a motion by plaintiffs in two high profile lawsuits against the gun-maker, to delay a scheduled auction of the assets free and clear of liabilities, apparently meaning that the case brought by the victims of the Sandy Hook massacre may not get their day in court.
Footwear maker Stella International, which reports in US$, saw a first half 2020 comprehensive net loss of $9,290,000 against last year’s $39,218,000 income, on 32% lower revenue of $511,474,000 from $750,577,000.
Comprehensive net income at the Australian action sports company fell 30% to A$5,931,000 ($3,974,000) from A$8,462,000 for the fiscal year ended Jun. 30 on 5% lower revenues of A$151,722,000 ($101,654,000) down from A$159,143,000.
The grip technology company, which currently licenses its angled bat knob design to a number of baseball bat makers, has inked a deal with Chicago-based venture capital firm Thirty-5 Capital to help it expand into hockey, golf and other sports.
While sales of children’s, lifestyle, and transit/fitness bikes have now slowed as dealer inventories dwindle, more expensive styles have picked up the pace, according to NPD group.
Shoes By Firebug is suing Academy in Houston, TX, federal court for copying its illuminated rain boots.