October 19, 2023
Profit attributable to shareholders improved by 17% to RMB 1,337.2 million ($190.6 mm) in the fiscal first half ended Aug. 31, from RMB 1,145.4 million last year, as revenues rebounded by 7% to RMB 14,176.5 million ($2,020.9 mm) from RMB 13,218.0 million.
The National Retail Federation is guiding for sales growth this Holiday season, with consumers spending an average of $875 this year versus $833 prior, though many are looking to tighten their budgets.
The high-end sneaker and fashion footwear maker’s third quarter sales contracted 16% to $387.2 million from $460.5 million, on weaker demand.
JOUT has decided to terminate its Eureka product line altogether and put it on the block after having previously jettisoned its Eureka! military and commercial tents segment to Rekord Group in Mar.
The ratings agency assigned a Ba2 corporate family rating to the Titleist parent, and rated its $350 million of 7.375% senior unsecured notes Ba3, with a stable outlook.
Signa Sports United, which recently delisted from the NYSE, received a termination notice on Oct. 16 from Signa Holding GmbH for its unconditional equity commitment.
The licensed apparel brand made three new hires to add to its product, marketing and merchandising expertise.
The sustainable leather manufacturer has teamed up with European footwear brand, Tamaris to supply it with HyphaLite mushroom-based artificial leather for a “Made with Mushrooms” pilot.
Fortress Safe is recalling about 61,000 biometric gun safes because a programming feature in the biometric lock can allow it to be opened by unauthorized users.