May 15, 2023
Net income slipped 70% in the final fiscal quarter ended Mar. 31 to ¥378 million ($2.9 mm) from ¥1,277 million a year ago, as revenues increased 7% to ¥34,515 million ($260.7 mm) from ¥32,211 million.
Net income at the Japanese retailer slipped 11% to ¥2,930 million ($22.1 mm) from ¥3,296 million for the nine-months through Mar. 31, as revenues were up 8% to ¥178,928 million ($1,352 mm) from ¥166,031 million.
Jumpstarting its sports betting business, Fanatics will pay $150 million to gain an immediate foothold in important states including PA, IL, NY, NJ and MI, as part of PointsBet’s territory.
Former Vans Americas general manager and 17-year company veteran, David Tichiaz has taken on the role of president of the CA-based socks and apparel brand, ShopEatSurf first reported.
Plaintiff Maria Guadalupe Ellis is suing the Eager Beavertons in a proposed class action filed in MO district court on behalf of consumers who were allegedly misled when they purchased any of Nike’s “Sustainability” collection.