June 07, 2022
Up against last year’s government stimulus-fueled record demand, ASO’s net income dropped 16% in the first quarter to $149,806,000 from $177,796,000 on 7% lower revenues of $1,467,730,000 down from $1,580,333,000.
A pair of press releases late Monday brought some clarity to the murky waters of Kohl’s sale process as the troubled retailer and Franchise Group Inc. each announced a three-week period of exclusive negotiations between the two parties.
Zumiez is looking to retail’s past for the future of its omni-channel model while it continues to focus on breaking the traditional distributor model for its brand partners on the international front, the company outlined at the William Blair Growth Stock Conference.
Net income was up 16% to $30,634,000 in the first quarter from $26,321,000 last year, as sales grew 32% to $688,757,000 from $519,910,000.
The Milan-based insulation maker, which pioneered the use of recycled fibers in the early 80s, has now introduced a new 100% recycled synthetic insulation that uses fibers made from PET bottles.
Following recent government grants, the smart fabric technology company raised another $5 million in a seed round that was led by Drive by DraftKings, bringing total funding to-date to over $6 million.
RCKY will close the Boston office it obtained with the acquisition of Honeywell International’s lifestyle footwear business that consisted of Muck, XTRATUF, Servus, Neos and Ranger, and cut its non-manufacturing headcount by approximately 13%.
DECK is suing five companies in federal court in three largely similar actions that accuse them of knocking off its Teva Hurricane Drift trade dress with various sandal models.