Net income at the synthetic yarn producer tumbled 88% to $929,000 in the fiscal second quarter ended Dec. 26, from $7,464,000 last year, despite a 24% improvement in revenues to $201,410,000 from $162,776,000.

Lids’ PE owner, Ames Watson, issued a $250 million Term B private loan through the licensed apparel retailer, and plans to use the capital for add-on acquisitions for Lids, as well as for other investments.

The 14-year Eager Beaverton was named EVP and general counsel, succeeding Hilary Krane, who is retiring next month after a dozen years with the company.

The South Korean technical outerwear manufacturer, whose customers include Spyder, Jack Wolfskin, and Fjällräven, has acquired a factory in Dhaka’s Adamjee export processing zone.

Created by PE firm, Fortium Holdings Corp., Norr LLC is targeting the action sports market with an initial assortment of skateboards, and plans to expand into other sporting goods categories in the future.

Handgun imports and pistols increased 14% to 466,320 units and 31,257 units, respectively, in October, according to ITC data compiled by the NSSF, and revolvers were up 19% to 31,257 units.