July 24, 2024 Moncler Brand Outperforms, but Stone Island is a Drag
First half net income at the luxury skiwear and apparel company was up 24% to €180,741,000 ($167.1 mm) over €145,351,000 on an 8% revenue gain to €1,230,163,000 ($1,137.0 mm) from €1,136,590,000. Rapala VMC’s H1 Gains Driven by North America
The Finnish fishing gear maker ended the first half of 2024 in the black, posting a €4.7 million ($5.1 mm) profit against a loss of €1.1 million prior, but the bottom line was boosted by the €6.3 million sale and lease back of real estate in Canada. Back-to-School Shoppers Have Debt Worries
Back-to-School insights from Lending Tree found the combination of inflation and the push for on-trend styles is stressing consumers to the tune of 73% this season, led by Millennials at 77%, as 40% of total respondents believe they’ll land in debt over school purchases averaging $793. Nike Taps Salesforce Exec as CIO
Cheryan Jacob oversees the Eager Beavertons’ technology infrastructure and digital platforms, according to an internal memo first reported by Bloomberg. Salomon Sets New Softgoods Business Unit
The Amer Sports-owned brand promoted its VP of footwear and 27-year employee, Guillaume Meyzenq as its new global chief product officer for softgoods, heading up a newly created softgoods business unit. Under Armour Shareholder Settlement Moves Forward
The $434 million shareholder class action settlement reached last month has now received preliminary approval from the U.S. district court in Maryland. Sacks Parente Golf Plans Reverse Stock Split
The high-end putter startup’s board of directors approved a 1 for 10 reverse stock split, effective Jul. 30, that will enable the company to meet the $1.00 minimum bid price requirement and regain Nasdaq compliance.
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