May 18, 2021 Descente Finishes Fiscal Year Down 22%
The Japanese apparel company eked out a ¥211 million ($2.0 mm) profit in the fiscal fourth quarter ended Mar. 31 against a loss of ¥4,251 million the prior year on 5% lower revenues at ¥30,224 million ($285.4 mm) down from ¥31,693 million. Skechers Plans for Post-Covid World
SKX doubled down on its long-term growth pillars of product breadth, international expansion and DTC expansion during the Morgan Stanley Life After Covid: 2021 Thematic Conference. Hanesbrands’ Outlook Seen as Negative by S&P
Standard & Poor’s maintained its skepticism of HBI’s prospects, citing execution risk associated with the newly announced Full Potential realignment and growth strategy in keeping its negative outlook. Academy Sports Refinancing Term Loan
The final piece of ASO’s balance sheet improvement plan is retiring its existing $399 million term loan with $100 million of its balance sheet cash and a new $300 million term loan due in 2027. Callaway Sued over Rangefinder IP
Ranging Optics LLC is accusing ELY of infringing on its U.S. patent nos. 6,512,574 and 7,443,927 with its laser range finder products including the Callaway 300 Pro Laser Rangefinder. Etcetera: Outdoor Research, J.Crew, Slinger Bag, TaylorMade, Pensole, On Running
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