September 02, 2021
Net income was $10,937,000 in the second quarter against a loss of $19,036,000 last year, on a 42% rebound in revenues to $555,183,000 up from $391,217,000 boosted by big gains as shoppers returned to stores.
Net income jumped nearly fourfold to $20,398,000 in the second quarter from $5,266,000 last year on revenues of $201,952,000, up 49% from $135,845,000.
Net income was $19,168,000 in the second quarter against a loss of $14,976,000 that included $14.3 million in asset impairments, as sales rebounded 63% to $483,081,000 from $297,212,000.
The U.K.’s Competition and Markets Authority has restated its provisional ban on JD Sports’ acquisition of sneaker retailer Footasylum, despite the Finish Line parent’s successful appeal to the Competition Appeal Tribunal.
The former chief executive of Tapestry recently joined the Canadian luxury outdoor apparel brand as executive chairman after making an investment in the company, and will now become CEO.
NLS is buying VAY, which specializes in computer vision and AI technology for analyzing human motion using cameras, for undisclosed terms.
Fresh off a $200 million equity raise, the fitness tracker company has acquired Push, which measures weightlifting speed, power, force, and acceleration using multiple sensors, in a cash and stock transaction.
SKE Outdoors is recalling about 860 TurboSke Kids toddler bike helmets because they do not comply with the U.S. CPSC federal safety standard.