February 01, 2023
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.
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.
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.
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.
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.