March 16, 2021
The red ink deepened at the DSW parent to a $134,004,000 loss against the prior year’s $7,564,000 loss as revenues dropped 27% to $609,352,000 from $829,620,000 for the fourth quarter ended Jan. 30.
Net loss hit $77,079,000 for the fourth quarter against last year’s barely breakeven $9,000 profit on revenues that fell 18% to $570,959,000 from $698,948,000.
President Biden’s pick to lead the Department of the Interior couldn’t be more different from her predecessor, receiving broad support from environmental and outdoor industry groups and now winning 51-40 confirmation by the Senate.
Trinity Acquisition is the name of Li Ning’s Hong Kong-based special purpose acquisition company, which filed with the SEC to raise up to $250 million in an initial public offering of 25 million units at $10.
Under Dog inked a sublease for 24,403 sq. ft. out of the total 53,000 sq. ft. it is leasing in the former FAO Schwartz building, The Real Deal reported.
Sporting Goods/Hobby/Book and Music Store adjusted revenues grew double digits last month, but decelerated from Jan.’s 22% expansion with a 15% increase to $7,694 million from $6,666 million.
DKS launched its new upscale men’s private label collection, dubbed VRST, that it said was aimed at capturing the same customer as the lulunatics’ hot selling men’s apparel.
Sycamore Partners-backed Pure Fishing added 15 brands owned by the tackle storage company to its portfolio with the acquisition of Plano Synergy Holdings for undisclosed terms.
Of the 68 teams participating in March Madness, 48 of them are Nike or Jordan schools, up from 40 the last time the NCAA men’s basketball tournament was held in 2019, according to Apex Marketing Group.
The licensing company is being sued in Los Angeles federal court by lead plaintiff Peter D’Arcy, seeking class certification for anyone who acquired SQBG shares between Nov. 3, 2016 and Dec. 11, 2020.