December 06, 2017
Long time industry executive Bruce Fendell died Dec. 5.
While profit fell 14% to $58,944,000 from $68,285,000 because of the $21 million restructuring charge related to ivivva, the lulunatics enjoyed a 14% increase in revenue to $619,018,000 from $544,416,000 that was highlighted by an 8% increase in comp store sales with stores up 2% and digital rising 26% plus the addition of 26 new stores.
With a dramatic website message that “The President Stole Your Land,” Patagonia and other outdoor industry brands are in the thick of the controversy over the Trump Administration’s decision to slash the size of the Bears Ears Monument by 85% and nearly halve the size of the Grand Staircase-Escalante.
ICON, which is still finalizing its third quarter results, said it would take a non-cash intangible asset impairment charge of $500 to $750 million related to its women’s segment and a $15 million write off of deferred tax assets in Q3.
Net loss expanded to $2,520,000 from a loss of $873,000 in the third quarter ended Oct. 28 as licensing revenues gained 21% to $7,882,000 from $6,495,000 and indirect Hi-Tec product sales were $3,155,000.
DECK is suing a roster of websites and other online marketplace sellers of counterfeit Ugg merchandise, seeking to have their domains and accounts seized even if the operators can’t be identified.