March 31, 2022
GIL projects a top line CAGR of 7% to 10% over the next three years as part of a sustainable growth strategy outlined during its Investor Day, building on the SKU consolidation and margin improvement focus of its Back to Basics plan launched in 2017, now that the former plan’s structural changes are in place.
Expanding margins and holding the line on spending helped the Japanese retailer to grow profits 39% to ¥803 million ($7.1 mm) in the fiscal first half from ¥578 million, despite 8% lower revenues of ¥28,238 million ($248.4 mm) from ¥30,602 million.
Baker, who most recently led GOOS’ North American region, has been with the company for almost a decade, joining in 2012 as VP of communications.
The supplier of footwear components and materials to Nike, Adidas, and others, may be put up for sale by its majority owner, Navis Capital Partners, Bloomberg reported, citing inside sources.
Snowsports Industries America appointed Michael Akira West as chairman of its board, replacing Seirus CFO Wendy Carey, who has stepped down.
A Philadelphia, PA district court judge awarded $5 million in attorney’s fees and expenses to Lontex Corp. in the infringement lawsuit over its Cool Compression trademark.