August 24, 2023
Net income declined attributable to shareholders dropped 54% in the second quarter to TWD 1,197.1 million ($38.9 mm) from TWD 2,582.6 million, on 17% lower revenues of TWD 20,656.4 million ($670.7 mm) down from TWD 24,763.3 million.
The maker of Repreve and other recycled yarns ended a difficult year with a loss of $15,289,000 in the final fiscal quarter ended July 2, against a $3,496,000 profit prior, as revenues slipped 31% to $151,058,000 from $217,576,000.
Gap, Inc.’s women’s athleisure banner continues to suffer from product design, with second quarter sales down 1% to $341 million overall, and comps off 7% from last year but better than the -13% comp in Q1.
The deal brings the maker of Eco Flyer and other brand trap, skeet, and sporting clay targets into OLN’s Winchester ammunition group.
The ammunition maker has acquired Sinterfire, a leader in frangible and lead-free bullet designs, for undisclosed terms.
The commercial cardio and strength equipment provider and Octane Fitness owner named its former regional sales manager, Dave Whitman, as retail sales manager, and promoted 27-year company veteran, Marshall Hansen to distribution director for North America.
S&P Global revised its issuer credit rating on Pure Fishing from the SD (selective default) rating given earlier this week, after the company’s sponsor, Sycamore Partners Management, bought up some of its debt at a significant discount to face value.
The NFL Players Association is ending its contract with Panini three years early, to begin its new 20-year sports card deal with Fanatics-owned Topps, Action Network first reported.
The outdoor brand filed a trademark infringement suit in CA district court against Mike Hampton (dba Mike Hampton Art) over its use of Patagonia’s “P-6” logo on t-shirts.
The Eager Beavertons have settled all trademark infringement claims and counterclaims with By Kiy LLC, according to a filing in So. NY district court.
True Spec Golf has settled its dispute with All-Fit Golf of China over selling unlicensed, counterfeit golf club adapters, making True Spec subsidiary, Club-Conex the exclusive distributor for All-Fit Golf adapter products for the U.S.
The Chinese company is recalling about 215 kids’ bike helmets because they do not comply with CPSC requirements for coverage, positional stability, and labeling.