April 28, 2023 Newell Outdoor Segment Plunges in Q1
NWL’s Outdoor & Recreation segment sales dropped 30% on a reported basis to $270 million in the first quarter from $388 million last year, and core sales excluding foreign exchange declined 27%. MAP Active Sales Improve as Lockdowns Lifted
The Indonesian retailer saw net income skyrocket 62% to IDR 276,157 million ($18.1 mm) in the first quarter from IDR 170,312 million, on a 42% increase in revenues to IDR 2,724,180 million ($178.7 mm), up from IDR 1,916,548 million. Yue Yuen Issues Profit Warning
Yue Yuen warned that its Q1 revenues would be down about 18%, and that net income would fall approximately 40-45% to around $49.0 million from $88.6 million, hit by softer global footwear demand due to higher inventory levels. Alpargatas’ CEO to Step Down
The Brazilian footwear and apparel group, which owns flip-flop sandal brand Havaianas, informed its shareholders on Apr. 27 that its CEO Roberto Funari has resigned.
The VF Corp.-owned workwear brand made three executive changes to its product teams, following Todd Dalhausser’s appointment as global brand president earlier this month. Nike Inks Lifetime Deal with KD
Phoenix Suns’ forward and 13-time NBA All Star, Kevin Durant joins Michael Jordan and LeBron James as Swoosh lifers, inking a lifetime contract with the Eager Beavertons. Etcetera: Yeti, St. Croix Rod, Faxon Firearms, Vista Outdoor
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