August 16, 2017
Although overall Back-to-School spending will be relatively flat at $501 overall compared to $488 last year, spending on apparel and footwear will take a much greater share of that spending, up 19% to $284 vs. $239, according to a recent survey of 1,200 shoppers by Deloitte.
Comprehensive net income quintupled to RMB931.3 million ($135.7 million) from RMB185.3 million in the first half ended Jun. 30 on an RMB846 million change in valuation of financial assets, but revenues declined 4% to RMB626.3 million ($91.3 million) from RMB650.3 million.
Zett comprehensive loss was ¥187.9 million ($1.7 million) against a profit of ¥287.6 million in the fiscal first quarter ended Jun. 30, but without a large securities revaluation, net income would have been ¥133.0 million vs. ¥174.3 million last year.
Rawlings says that Easton Diamond Sports plan to use the “S150” designation on certain bats infringes on its “5150” trademark.