January 25, 2018
Billed as a way to focus its efforts on its core consumer products businesses, Newell said it would explore strategic options for its Waddington, Process Solutions, Rubbermaid Commercial products and Mapa as well as for some of its smaller consumer products brands which, besides Rawlings, also included Goody, Rubbermaid, Closet, Refuse and Garage and U.S. Playing Cards.
TLYS, which is on track to handily top last year’s results, declared a special dividend of $1.00 per share, about $29.1 million in total, for shareholders of record as of Feb. 9.
The bankruptcy court judge agreed that the Global Settlement between what’s left of Golfsmith and its remaining creditors had been negotiated at arms length, and approved the order to dismiss Ch. 11 proceedings.
Snowsports Industries America appointed Mike Adams as chairman of its board, replacing Marker Volkl president Mike Noonan, who is stepping down.
Fishing equipment maker Rapala pre-announced that 2017 revenue would be approximately 3% lower at €253 million ($285 mm) against €261 million in 2016, below its forecast of about flat.
In its second suit in as many months, DECK is suing another roster of websites and online sellers of counterfeit Uggs on marketplaces like iOffer, eBay, AliExpress, and Alibaba.
Senator Michael Bennet (D-CO) and Representative Jared Polis (D-CO) introduced the Continental Divide Recreation, Wilderness, and Camp Hale Legacy Act which designates wilderness, conservation and recreation areas along Colorado’s Continental Divide.
SKX had a market capitalization at the end of 2017 of $6,003 million, not $5,068 million as we originally reported, for an increase of 55% over 2016, which bumps them up a spot to #15 on our list ahead of Foot Locker.