May 19, 2021
Net income bounced back to $43,242,000 in profit against last year’s loss of $16,190,000 as the top line gained 123% to a record $328,457,000 over $147,495,000 that included a blended comp that was up 125.8% (+31.6% over ’19).
Japanese retailer Xebio finished its fiscal year that ended Mar. 31 with a second sequential top line improvement, but not enough to offset earlier declines, while Alpen, its competitor in the market, fared much better.
Kathmandu Holdings appointed the 19-year Rip Curl veteran to head the group, which includes the Kathmandu, Rip Curl and Oboz brands, succeeding Xavier Simonet.
Following Under Dog’s $9 million settlement with the Securities and Exchange Commission earlier this month, Baltimore federal court Judge Richard Bennett ruled a long-running consolidated shareholder suit against the company can go forward.
PTON has followed through on its agreement with the CPSC to improve safety of its treadmills by requiring users to unlock the devices with a four-digit PIN code, dubbed “Tread Lock,” after 45 seconds of inactivity.
Sierra parent TJX Companies has opened the first four of 12 Sierra stores planned for 2021, bringing the total count to 52 at the end of the fiscal first quarter.