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Article Date: February 2023
Word Count: 241

Globe International Sinks into Red Ink


Net loss tallied A$193,000 ($0.13 mm) against last year’s income of A$12,447,000 on revenue that was down 16% to A$120,452,000 ($83.5 mm) from A$142,874,000 for the fiscal first half ended Dec. 31. A large decline in hardgoods sales dropped the top and bottom lines, with skateboards, roller-skates and skate accessories hardest hit. Outside of hardgoods, categories came in flat or posted growth, including the key Salty Crew and FXD brands. During the period, the company opened the female fashion swimwear category by acquiring a 50% stake in the It’s Now Cool ... Log in to view full article.

 


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