May 27, 2021
Net income was $8,878,000 in the first quarter, lapping a loss of $134,777,000 last year that included a $79.3 million impairment charge along with the impact of the pandemic, as revenues soared 93% to $538,695,000 from $279,232,000.
Revenues at Gap, Inc.’s women’s activewear banner increased 69% to $347 million from $205 million last year, and gained 56% against 2019, boosted by a 113% two-year improvement in e-commerce.
The retail giant is said to have filed confidentially for an IPO, seeking a valuation in the neighborhood of $10 billion, multiple news outlets reported, citing an inside source.
Česká Zbrojovka Group net income from continuing operations was CZK 275,642,000 ($12.8 mm) in the first quarter against a loss of CZK 59,108,000 last year, as revenues soared 64% to CZK 2,033,760,000 ($94.2 mm) from CZK 1,242,243,000.
Under Dog is exchanging cash and Class C common shares for half of the $500 million in 1.50% convertible senior notes due 2024 that it issued last spring as a liquidity enhancing measure.
U.S. district court Judge Joe Anderson dismissed the lawsuit brought by former college basketball player Brian Bowen, which had alleged the Big a had violated the Racketeer Influenced and Corrupt Organizations Act.
The U.K.’s High Court of Justice in London has dismissed The Big Cat’s appeal of Nike’s footware mark registration, which had claimed the term was descriptive and therefore could not be trademarked.
Trek is recalling 345,150 pairs of Bontrager Satellite City bicycle pedals because they can fall off the crank arm of the bicycle if installed incorrectly by the retailer during assembly.