March 15, 2022
Net income came in at $33,854,000 compared to a $76,976,000 loss in the prior year on sales that were up 19% to $679,280,000 from $570,959,000, helped by a 16% improvement from Famous Footwear to $401,887,000.
The Chinese retailer and footwear maker returned to profitability in 2021, with net income attributable to owners of the company coming in at $115,072,000 against a loss of $90,791 in the pandemic year, on 1% higher revenues of $8,533,337,000 up from $8,444,935,000.
Ram comes to the casual shoe company after a four-year stint as president of global activewear at Hanesbrands, where he oversaw the Champion brand.
Blair Kanis, who is currently Cocona Labs’ general counsel and director of sustainability, has been named president of the maker of the 37.5 temperature-regulating fabric technology.
Nike or Jordan schools account for most of the 68 teams participating in March Madness, though the 39 teams this year is a slight decline from 48 the last time the tournament was held in 2021, according to Apex Marketing Group.
The maker of ice and roller skates is suing Foxy Brands, Inc., in MN District Court, accusing it of trademark infringement and other Lanham Act violations.