August 26, 2021
The bottom line swung deep into the red in the final fiscal quarter ended June 30, tallying a net loss of $313.2 million against income of $89.1 million last year, on a 54% increase in total revenues to $936.9 million from $607.1 million.
Gap, Inc.’s women’s active apparel banner posted sales of $341 million in the second quarter, up 28% from $267 million in ’20 and up 26% from $252 million in ’19. Stores comped up 13% year over year and saw 27% growth over ’19.
Moody’s lowered The Topps Company’s corporate family rating to B2 from B1, with corresponding downgrades of its issue level ratings, assigning a negative outlook.
The white label re-commerce company, which counts Patagonia, Lululemon, REI and Arc’teryx among its customers, raised another $77.5 Million in a funding round led by G2 Venture Partners.
OSRA21, which addresses systemic supply chain and port disruption issues that have been exacerbated by the Covid-19 pandemic, was sponsored in the House by Rep. Dusty Johnson, (R-SD) and John Garamendi, (D-CA).
S&P Global Ratings upgraded the Winchester parent’s issuer credit rating and debt rating to BB+ from BB, after it used proceeds from a strong 2020 to redeem about $500 million in high interest debt this year so far.
The U.S. will donate a further one million doses of coronavirus vaccine to the key sourcing nation, bringing to six million the total doses given, Vice President Kamala Harris announced after a meeting with Vietnamese Prime Minister Pham Minh Chinh.
Under Dog’s founder and executive chairman will sell up to 5,000,000 shares of the company’s non-voting Class C common stock over the next 14 months for asset diversification, tax and estate planning purposes, according to an SEC filing.
Apalone, Inc., which holds two patents for dual shell and external helmet cushioning systems, is suing Schutt Sports and Certor Sports for infringing with the Schutt F7 and Vicis ZERO2 football helmets.