August 31, 2022 Designer Brands Comps Higher in Q2
Net income was up 8% $46,213,000 in the second quarter from $42,860,000 on a 5% sales increase to $859,319,000 from $817,335,000, powered by a 6.2% same store sales gain on top of an +84.9% comp the prior year.
VFC will lay off 300 current employees and not fill 300 currently open positions, a move that affects about 1.7% of its workforce, according to a letter to staff that was first reported by the Denver Business Journal. Rapala Warns of Lower Profits as Fishing Market Softens
Rapala VMC said that operating profit for 2022 would be significantly below last year due to global macro pressures that are impacting demand in its markets. Etcetera: Patagonia, Ibex, Golftec, Adidas, Elevate Outdoor Collective
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