March 08, 2022
Net income jumped 58% to $346,093,000 in the fourth quarter from $219,614,000 on 7% higher revenues of $3,352,160,000 up from $3,125,307,000, including a +5.9% consolidated comp with +14% store comp more than offsetting an 11% decline in e-commerce.
The lulunatics’ first sneaker model, the Blissfeel women’s running shoe, will be available online and in some stores this month, with a Chargefeel cross trainer, Restfeel post-workout slide and Strongfeel training shoe to follow later in 2022.
The Big a named Adrian Siu as its new managing director for Greater China, effective immediately, succeeding Jason Thomas, who is returning to Dubai to take up a newly created post.
While growth rates are modest compared to 2021’s hug acceleration, import volume is still quite high, driven by sustained consumer demand and retailers trying to catch up after Q4’s inventory shortfalls.
The Los Angeles-based private investment firm has acquired Sun Mountain Sports, a 40-year old maker of golf equipment and apparel, from founder and golf industry veteran Rick Reimers, for undisclosed terms.
Following an earlier ruling in Chicago, IL, federal court against “bellwether” plaintiffs in the combined concussion lawsuit, three former high school football athletes have now asked the court to dismiss their claims.