August 04, 2023
Net loss at the Havaianas and Rothy’s parent was BRL 53.1 million ($10.7 mm) in the second quarter against a profit of BRL 63.8 million on 13% lower sales of BRL 926.4 million ($187.1 mm) down from BRL 1061.4 million.
The Japan market parent of The North Face, Helly-Hansen, Canterbury and other brands reported a 29% improvement in fiscal first quarter net income to ¥3,347 million ($24.4 mm) from ¥2,603 million, as revenues grew 10% to ¥23,150 million ($168.5 mm) from ¥21,099 million.
Fanatics was sued in FL district court by rival trading card company Panini, accusing it of monopolizing the trading card market for U.S. major professional sports leagues.
The venerable outdoor retailer will open two new stores in MA later this year, at Hanover Crossing in Hanover on Sep. 8 and at the Northshore Mall in Peabody on Oct. 6.
Pentland Brands is reorganizing and laying off around 90 people, according to multiple reports, as part of a restructuring plan focused on product, digital, consumer data and analytics.