July 12, 2021
Deloitte’s 2021 Back-to-School Survey shows parents optimistic about economic recovery and planning to up their spending for this year’s season despite some lingering pandemic concerns.
ABG, which just last week filed for an initial public offering, has withdrawn from the bidding for Ex Numero Uno, where it had offered to pay about $1 billion, the New York Post reported.
The footwear maker reported an HK$88,098,000 profit attributable to shareholders ($11.4 mm) for the fiscal year ended Mar. 31, against a loss of HK$51,386,000 last year, as revenues slipped 23% to HK$804,720,000 ($103.8 mm) from HK$1,050,064,000.
Total revenues at the Chinese retailer and footwear maker grew 9% last month to $787,718,000 from $724,604,000 in June, 2020, driven by a 19% jump in implied footwear manufacturing revenue to $488,898,000 from $410,175,000.
The bike component maker plans to invest around ¥20 billion ($182 mm) in a new Singapore factory, and another ¥13 billion ($118 mm) in expanding production at its two domestic factories in Sakai City/Osaka Prefecture (also Shimano’s headquarters) and Shimonoseki/Yamaguchi Prefecture, Nikkei Asia reported.
The footwear company’s latest production facility is a 55,000-sq.-ft. factory in Santiago, Dominican Republic, which is forecast to turn out 500,000 pairs this year, with the capacity to grow to 2,000,000 pairs in the future.
The high-end cooler maker filed suit in E. MO federal court, accusing Discover Home Products of copying its patented design for soft and hard coolers with Discover’s Camp-Zero line of products.