March 15, 2023
Strong growth in footwear manufacturing more than offset China’s retail malaise last year, sending YY’s net income attributable to shareholders up 158% to $296,347,000 from $115,072,000 on a 5% sales increase to $8,970,228,000 against $8,533,337,000.
With the nadir of the supply chain crisis and factory closures in the rearview mirror, Crocs is amping back up product newness and international growth as its customers seem immune thus far to recessionary pressure.
Hurt by the strong dollar and a tough comparison with last year’s double-digit post pandemic recovery, Gregory Mountain Products sales grew 3% last year to $61.4 million from $59.4 million, but would have been up 13% constant currency.
The Personal Health Investment Today Act was re-introduced in Congress by Senators John Thune (R-SD), Chris Murphy (D-CT) and Congressman Mike Kelly (R-PA) and Jimmy Panetta (D-CA) after several near misses in past years despite broad bipartisan support.
Coats Group has opened a new 10,000-sq.-ft. sustainability-focused manufacturing facility in Madurai, India, as part of its five-year, $10 million investment in green technologies and materials.
Adjusted sales of sporting goods/hobby/book and music stores slowed to 4% growth last month to $9,381 million from $9,029 million, according to Commerce Dept. data, down sequentially from Jan.’s 7% improvement.