April 24, 2023
The UK-based athletic apparel and accessories brand saw net income drop 38% to £22,529,000 ($27.8 mm) for the fiscal year ended Jul. 31, 2022, compared to £36,497,000 in the prior year, while the top line was up 21% to £484,476,000 ($597.4 mm) over £401,946,000.
The recycled and synthetic yarn maker said that business was improving, though still well below last year, in pre-announcing results for its fiscal third quarter ended Apr. 2.
Two longtime lulunatics were elevated to the C-suite, Susan Gelinas as chief people & culture officer, and Shannon Higginson as chief legal and compliance officer.
The Chinese sportswear company’s Kappa-branded stores’ retail sales increased mid- to low-teens in the fiscal fourth quarter ended Mar. 31, but were down mid- to high-single digits for the full fiscal year.
Apex Ski Boots appointed ultrarunner and industry veteran Jax Mariash Mustafa as president, where she’ll focus on expanding the company’s presence in the global ski market, form strategic partnerships and drive innovation.
Saxx US Acquisition, Inc. filed suit in NY district court against Rhone Apparel accusing the men’s activewear brand of infringing on its patent related to “Comfort Side Panels” in its briefs with Rhone’s “Essentials Boxer Brief.”