March 19, 2021
Group net income tumbled 66% in the fourth quarter to KRW 17,604 million ($14.9 mm) from KRW 51,512 million on consolidated revenues that inched up 1% to KRW 796,462 million ($674.9 mm) from KRW 789,557 million, helped by sales gains at Acushnet.
Net income increased 13% in 2020 to RMB 1,698,484,000 ($246.1 mm) from RMB 1,499,143,000 as sales climbed 4% to RMB 14,456,971,000 ($2,094.9 mm) from RMB 13,869,630,000.
A child was killed in an incident involving Peloton’s Tread+ treadmill, the company revealed in a letter posted on its website.
The vertical women’s athleisure brand plans to open 24 new stores across the U.S. this year, bringing its footprint to 74 locations by end of year.
SCVL’s current president and chief customer officer will become CEO in a planned succession, taking over the helm of the family shoe retailer from the retiring Cliff Sifford, who will remain as vice chairman of its board.
The Personal Health Investment Today Act was reintroduced in Congress by Senators Chris Murphy (D-CT) and John Thune (R-SD) after several near misses in past years despite broad bipartisan support.