April 29, 2022
NWL’s outdoor & recreation segment sales increased 15% to $388 million in the first quarter from $336 million last year, generating operating income up three-fold to $45 million.
Pou Sheng, the retail subsidiary of Yue Yuen, is forecasting a decline of more than 70% in profit to about RMB 108 million ($16.3 mm) and a 25% drop in revenues to about RMB 5,481 million ($829.4 mm) for the three months ended March 31.
Total U.S. retail footwear sales declined 3% in the first quarter, NPD Group reported, lapping last year’s stimulus-fueled demand and with inflation hurting consumers’ spending power.
Descente Ltd., the Japanese company that holds territorial licenses or trademark rights for several western brands besides its own, has opted to shift all of its international product sales to its consolidated subsidiary, Descente Japan Ltd.
The outdoor brand is suing Lacrosse Unlimited, Idaho Sports & Cycle, dba Laxid, Modern Lacrosse, Fresh Coast Tournaments, and Battleground Lacrosse in Cen. CA federal court, accusing them of using its Cerro Fitz Roy-inspired logo on their own apparel.