February 01, 2018 Brunswick Posts Loss; Sees Profit Bump in 2018 on Lower Taxes
The net loss was $116.9 million in the final quarter against a profit of $17.7 million last year, pulled down by a $96.6 million pension settlement charge, $16.7 million of impairment and restructuring charges and $13.5 million for a Cybex field campaign. With Cold Weather, Deckers Posts A Big Q3
Net income soared 256% to $90,887,000 from $25,561,000 on a 7% sales improvement to $810,478,000 from $760,345,000 for the third quarter ended Dec. 31 that saw increased full-price selling in the Ugg brand relative to last year and continued momentum in the Hoka brand. GoPro Narrows Loss in Q4, but Sales Miss
The struggling camera maker had a net loss of $55,848,000 against a loss of $115,709,000 in the final quarter, as sales came in at $334,796,000 down from $540,621,000 in Q4 last year and even below the $340 million top line figure in its lowered guidance a month ago. Sheikh Gets $4 Million Credit Line from Nike
The bankruptcy court approved Sheikh’s request to receive an emergency $4 million line of credit from the Eager Beavertons that would provide merchandise for the critical February selling season that includes the NBA All-star game in Los Angeles, its home market. Academy Lays Off 140 Employees
All the affected employees worked in the IT department as the retailer is now planning to outsource much of that work. Scheel’s Enters Dallas Market
The Fargo, ND-based retailer will open its biggest store ever, 325,000 sq. ft., at The Colony, a suburb of Dallas that is noted for its Five Star Athletic Complex and was named Sports Illustrated’s 50th anniversary sports town of the year. Etcetera: Toad & Co., Under Armour, Lange
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