August 07, 2023
Net results for the quarter swung to a $2,091,000 loss against income of $3,764,000 in the prior year as sales dipped 27% to 83,728,000 from $114,933,000.
Revenues at Sumitomo Rubber’s sports division inched up 3% in the second quarter to ¥32,681 million ($237.9 mm) from ¥31,848 million a year ago, but operating profit declined 56% to ¥976 million ($7.1 mm) from ¥2,230 million.
The Tustin, CA-based e-commerce retailer wants to raise between $50,000 and $250,000 from private investors to fund sales & marketing, additional inventory, and further expansion and growth, according to a Form C filed with the SEC.
Retailers stocking up for Holiday should boost Aug. port traffic to the highest level since last fall, according the NRF and Hackett Associates’ Global Port Tracker.
Fanatics filed suit in NY district court accusing its collectibles rival of unfair competition and tortious interference, in a countersuit filed less than a week after Panini filed an antitrust suit against the licensed apparel juggernaut.
The CO-based outdoor apparel brand promoted its chief operating officer, Matt Williams to chief executive officer, succeeding co-founder Mark Hansen, who will remain on the board of directors.