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March 19, 2024


Caleres’ Strong Brands Offset Famous Footwear Weakness

Net income was up 37% to $55,808,000 in the fourth quarter from $40,808,000, on sales that inched up to $697,123,000 from $696,434,000, getting an extra $25.0 million from the 53rd week.

KMD Brands Swings to Loss on Broad-Based Declines

Falling sales at Kathmandu, Rip Curl and Oboz contributed to a difficult first half that resulted in a net loss attributable to shareholders of NZ$10,426,000 ($6.4 mm) against a profit of NZ$13,159,000 for the period ended Jan. 31.

Gildan in Discussions with Potential Acquirers

Amidst an increasingly snippy proxy fight with activist investment firm Browning West, Gildan’s board has decided to reach out to potential bidders who may be interested in taking the company private.

Nike Dunks on March Madness Competition

Once again Nike or Jordan schools will account for most of the 68 teams participating in the NCAA Men’s Division I Basketball Tournament, with 42 teams this year, a slight increase from 40 in last year’s tourney, according to Fox Business.

Wahoo Fitness Appoints New CEO

The bike training equipment maker has named Gareth Joyce as CEO and member of its board of directors.

Etcetera: Lululemon, Lululemon, Kryptek Outdoor, Vista Outdoor, Gildan

 
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