November 06, 2017
Net loss at the former Black Diamond Equipment expanded to $1,583,000 from a loss of $405,000 in the third quarter pulled down by $1.9 million in transaction costs related to the Sierra Bullets purchase, as revenues increased 16% to $45,774,000 from $39,441,000 including $3.5 million in Sierra sales.
Online sales are predicted to hit $107.4 billion, up 13.8% from $94.4 billion last year, according to an analysis and consumer survey conducted by Adobe Digital Insights.
The avid angler will become CEO of Simms Fishing Products while K.C. Walsh, the president and majority owner, will move up to executive board chairman.
The holder of 8.4% of the company filed its slate of nine directors it wants to see elected in a bitter fight for control of the Ugg parent.
In the case that just keeps giving to the legal profession, Sports Atrocity and Hanesbrands agreed to settle claims and counterclaims with HBI agreeing to pay Sports Atrocity $330,000 for amounts that were overpaid by the retailer while HBI will see an administrative claim allowed for $1,027,994.17.
The Macau-based leather manufacturer has acquired a majority stake in Scamosceria del Brenta Srl, a 75-year-old Italian tannery that owns proprietary leather technology.
The deal will grow Christy’s presence in Telluride, CO, where it has three locations and give it a presence in Taos, NM where it has two doors.
Strike King will add its lures, fishing, sunglass and accessories product lines to the Lew’s business which includes Lew’s, Mr. Crappie, Hunters Specialties and Buck Bomb.