August 07, 2017
Comprehensive net income was ¥1,246 million ($11.2 million) against a loss of ¥19,758 million in the first half ended Jun. 30 on a 3% sales decline to ¥203,735 million ($1,834.5 million) from ¥210,681 million.
The $3,654,000 loss for the second quarter ended Jun. 30 compared to a loss of $3,171,000 last year when the company had a $2.0 million gain from arbitration.
It was not entirely clear whether that was net of the $3.4 million that the state of Colorado and the city’s Visit Denver office, but the charge was described to analysts in its recent conference call as an unusual move that was necessary to address the political issues facing the OR show in Utah as a result of the dispute of land use.
The CEO of the brand, which has been a solid performer for parent Columbia Sportswear, is leaving his position effective Aug. 18 to take a position with another company in an adjacent industry.
SKX motions for summary judgment in its trademark dispute with Adidas were substantially rebuffed last week by the presiding U.S. District Court judge in