February 14, 2018
Net income for the FY ended Dec. 31 slipped 17% to ¥12,970 million ($115.6 mm) from ¥15,566 million in 2017 as sales inched up to ¥400,157 million from ¥399,107 million ($3,567.0 mm).
Some 90 individual lawsuits filed in Kent County, MI, allege that Wolverine’s now closed tannery polluted their drinking water with the PFOS chemicals used to waterproof leather, and the complaints further allege that the company knew about the risks of its chemical products as early as 1999 based on a letter sent by 3M, one of the makers of PFOS, warning of possible risks.
The 400-2 vote will extend duty free treatment until 2020 for numerous items from Less Developed Countries, including key sporting goods sources like Indonesia, Thailand and the Philippines.
BBG shareholders will meet on Mar. 28 to decide whether to approve Boardriders’ A$1 per share bid for the company, valuing it at about A$196 million ($150 mm).
What started with a single store on 125th St. in Harlem and now has 215 locations around the world will mark its tenth year of collaborating with the Eager Beavertons with a new TV commercial that will debut on the House of Hoops Instagram handle.
Adjusted sales for sporting goods/hobby/book and music stores declined 7% to $6,857 million last month from $7,382 million in Jan. 2017, according to Commerce Dept. data.