February 27, 2023
A $92.3 million impairment charge for CLAR’s underperforming Adventure segment, which includes Rhino-Rack and Maxtrax, sent Q4 net income $89,420,000 into the red from a profit of $9,125,000 prior, as sales slipped 12% to $104,182,000 from $118,183,000.
The Big a has reached a deal with Kanye West that will allow the company to sell remaining Yeezy inventory in exchange for agreeing not to manufacture new products with the Yeezy designs, according to reports in Hypebeast, Fashion United and other outlets.
Nike Inc./Nike Direct is the largest sports retailer in the world, according to the Deloitte’s new Global Powers of Retailing 2023 report, with direct-to-consumer sales of $19,657 million in FY21.
Barneveld, WI-based Vortex Optics has acquired the ballistic mobile application software maker for undisclosed terms.
A So. FL district court jury found that Princeton Carbon Works did not infringe on two of the bike component maker’s patents related to an undulating rim design on its bicycle wheels.