February 01, 2023 Peloton Loss Narrows, Will Keep Precor for Now
Results improved in Peloton’s fiscal second quarter and fourth quarter under the leadership of CEO Barry McCarthy, but red ink continued to gush, with a $335.4 million net loss compared to a loss of $439.4 million a year ago. Unifi Plunges to Loss as Brands and Retailers Destock
Broadly in line with its pre-announcement two weeks ago, Unifi’s bottom line swung deep into the red with an $18,037,000 loss in the fiscal second quarter ended Jan. 1 against a profit of $929,000, as revenues fell 32% to $136,212,000 from $201,410,000. REI Lays Off Headquarters Staff
The outdoor co-op is reorganizing and combining several divisions at its corporate headquarters in Kent, WA, laying off 167 employees, which is about 8% of its workforce there. American Outdoor Brands Expands in Missouri
AOB’s Columbia, MO, headquarters and distribution facility will be expanded from its current 361,000-sq.-ft. footprint to 632,000 sq. ft. of warehouse and office space, taking over the entire building next year. Deckers Sues Primark over Knockoff Boots
DECK filed suit in MA district court against the retailer for copying its UGG-brand Classic Ultra Mini Trade Dress with its own Primark brand boots. Etcetera: ABG. Bubba, SK Guns, Nike, Xebio, Fanatics, Vissla, New Era
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