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August 12, 2024


Yue Yuen Manufacturing Recovery Faces Retail Weakness

Net income attributable to shareholders for the first half of 2024 more than doubled to $184,401,000 from $83,601,000, though revenues slipped 3% to $4,015,407,000 from $4,154,968,000 as rebounding footwear manufacturing couldn’t quite offset declines from the Pou Sheng Chinese retail business.

361 Degrees Revenue Jumped 19% in H1

Net income attributable to shareholders was up 12% to RMB 789.7 million ($109.8 mm) from RMB 703.6 million on a 19% increase in revenue to RMB 5,141.3 million ($715.1 mm) over RMB 4,311.5 million for the first half of 2024.

Alpen Guides for Strong Profit Growth

Net income at the Japanese retailer was down 68% to ¥1,733 million ($11.1 mm) from ¥5,469 million on sales that were 3% higher at ¥252,936 million ($1,618.8 mm) up from ¥244,540 million for the fiscal year ended June 30.

Moody’s Upgrades Dick’s SG

The ratings service upgraded DKS senior unsecured rating to Baa2 from Baa3 with a stable outlook, on the strength of the retailer’s merchandising, hunting exit, strong vendor partnerships and new strategic initiatives.

Blink Fitness Files for Bankruptcy, Owes JHT Millions

Equinox-owned Blink Fitness filed for Ch. 11 protection in Wilmington, DE bankruptcy court, listing $100 to $500 million in both assets and liabilities.

Mayfly Outdoors Buys Fishing Tool Maker

The Montrose, CO-based parent of Abel Reels, Ross Reels, AirFlo fly lines, and Dyna-King vises, has added Renzetti, Inc. to its portfolio, for undisclosed terms.

Yeti Sues over Chairs

Yeti is suing MacSports and its related entity, Tofasco of America, in CA district court for infringing upon six design patents related to its Trailhead Camp Chair.

Etcetera: Rally House, AcuRite

 
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