May 29, 2024 Dick’s SG Bumps Guidance after Strong First Quarter
Getting out of the blocks quickly, DKS started the year with 6% higher revenues of $3,018,383,000 in Q1 compared to $2,842,181,000 last year, but a higher income tax bill pulled net income down 10% to $275,295,000 from $304,649,000 despite an 11% increase in EBIT. Gildan CEO: Proxy Battle Cost $65 Million
At GIL’s annual meeting, returning CEO Glenn Chamandy received almost 84% of shareholder votes, with the rest of the new board receiving between 83% and 99% affirmative votes. Nidecker Group Acquires Skate Brands from Sole Technology
The Nidecker Group has acquired Etnies, éS, Emerica and ThirtyTwo brands from Sole Technology, and Sole’s founder, Pierre André Senizergues, will remain as CEO while retaining a minority interest in the brands. Shoes For Crews Gets Stamp of Approval for Sale
The U.S. Bankruptcy Court for the District of Delaware gave the green light for the sale of substantially all of Never Slip Holdings’ assets to its first lien secured lenders via a stalking horse bid that’ll see $300 million of its debt wiped out. Firearms Imports Slump in February
Firearms imports lagged in Feb., according to ITC data compiled by the NSSF, with handgun imports declining 30% to 220,859 units, including a 32% drop in pistol imports to 192,856, while revolvers inched up 6% to 28,003. Twenty-Six Designs Sues over Bogg Mark
Bogg Bag maker Twenty-Six Designs filed suit in NJ district court accusing Bluestar Alliances and its subsidiary, Hurley, as well as Conquest Sport Group and retailers Big 5 Sporting Goods, Home Goods, and TJX for infringing on TSD’s Bogg marks and designs. Etcetera: REI, Sierra, Vuori, Zumiez
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