June 22, 2022
Sales at the UK-based retail giant’s U.S. banners, which include Finish Line, JD Sports, and the more recently added DTLR Villa and Shoe Palace, soared 47% in the fiscal year ended Jan. 29 to £2,609.2 million ($3,589.0 mm) from £1,780.5 million.
The Chinese sportswear maker posted a loss of RMB 1,746,944,000 ($275.1 mm) against last year’s RMB 1,810,545,000 in income on revenues down 3% to RMB 1,915,735,000 ($301.7 mm) from RMB 1,969,607,000 for the fiscal year ended Mar. 31.
The Bipartisan Safer Communities Act is the measure proposed by 10 Republican and 10 Democratic Senators that puts forth several initiatives aimed at reducing gun violence while avoiding any “third rail” issues that have sunk prior efforts.
Franchise Group is considering lowering its buyout offer for KSS to $50 per share from $60, or possibly pulling out entirely, according to sources close to the matter, CNBC reported.
Recovery product maker KT Tape appointed former Skullcandy CMO, Jessica Klodnicki as CEO, succeeding Greg Venner.
Uptown Sporting Goods, a 50-year-old family apparel and sporting goods retailer, plans on closing its Carrol, IA, store, the Carrol Times Herald reported.