February 22, 2021
Net income surged eight-fold to $28,936,000 in the fourth quarter from $3,487,000 on revenues that were up 82% to $189,259,000 from $104,173,000, and the top line was up 108% excluding prior year’s sales from the Octane brand, which was sold in Oct.
Treasury Secretary Janet Yellen said that tariffs imposed on Chinese imports by the Trump Administration would remain in place for the time being pending a thorough review, in an interview on CNBC.
A group of investors holding about 9.5% of KSS shares lambasted the retailer for poor strategy and execution and has nominated a slate of nine candidates for the company’s board of directors.
ESCA chairman Walter P. Glazer will serve as interim CEO and president effective immediately as Scott Sincerbeaux has stepped down after less than a year on the job.
The Big a, which had suspended its dividend last spring when the pandemic hit, said that it would propose a €3.00 per share dividend at its annual general meeting on May 12.
ZQRX is the name of the world’s first regenerative wool platform that brings the New Zealand Merino Company and global wool apparel and footwear brands together with 167 sheep ranchers in New Zealand.