April 05, 2022
Net income in the final quarter declined 3% to an implied TWD 474,505,000 ($17.1 mm) from TWD 488,876,000 prior, on revenues that inched up to TWD 9,740,936,000 ($350.6 mm) from TWD 9,726,202,000.
Macellum Advisors GP added another chapter to its war of words with the Kohl’s board room in a letter to the directors, calling on the company to open up about the sales progress that has seen seeming inaction from the retailer on several offers since February.
Just a week after debuting its first sneaker, LULU is bolstering its footwear talent pool with the hire of 25-year Adidas veteran, Simon Atkins as SVP of footwear, and former Nike design exec, Phil Dickinson as SVP and global creative director.
The recovery footwear start-up was founded last year by former Keen, Columbia and Nike execs, Tim Bartels and Brad Bischel, and veteran Adidas and Teva designer, Damon Butler, who has worked with over a dozen brands with his own Bipedesign consultancy.
Golf clubs and gloves sales decelerated in the period from July ‘21 through Feb. ‘22, declining 12% and 6%, respectively year-over-year, according to NPD Group, while golf balls remained flat and accessories sales were higher.
Peloton has joined competitor iFit in broadening the legal battle between the two connected fitness companies to include the International Trade Commission, which has agreed to investigate claims that iFit and its brands are infringing on PTON’s IP.