March 08, 2018
A heavy dose of investment in international infrastructure and growing DTC operations in recent years is reaching an inflection point that should enable the company to get to 12-13% operating margins by 2019 compared to 10% in the most recent year.
Terms of the settlement agreement initially bifurcate the $10 million claim into an allowed $6.5 million secured claim and a $3.5 million unsecured claim, but if Shiekh’s bankruptcy plan is confirmed, that will be converted into a second lien secured claim for $5 million and a $5 million unsecured claim.
Net income leaped 58% to $235,691,000 from $149,179,000 for the second quarter ended Jan. 31 as sales improved 4% to $594,372,000 from $570,640,000 but retail rental revenues were down 6% to %115,446,000 from $123,233,000 for the period.
Operating profit for the Cycling Sports Group was $9,613,000 for the final quarter ended Dec. 30 compared to $4,965,000 as sales improved 1% to $236,771,000 from $235,253,000 as the division bounced back from a $33,930,000 operating loss in 2016 to a profit of $24,831,000.
With at least three lawsuits filed by 18- to 20-year-olds against retailers who have decided to raise the minimum age to purchase firearms, the NSSF released a pdf guide to states that prohibit age discrimination by statute.
The 19th annual National Health Through Fitness Day on Mar. 7 featured Herschel Walker, Pat LaFontaine and other famous athletes encouraging Congress to pass the bipartisan HSA reform which includes the PHIT Act.
Short will be tasked with executing ANA’s omnichannel strategy in the North American market, announced last fall, that combines DTC and e-commerce platform-based sales with traditional IBD distribution.
While currently embroiled in another suit over the I Can and I Will marks, Under Dog has filed suit against Ike Williams in CA District Court, for using I Will and I Will Academy in promoting personal training and fitness services.
After suing Academy Sports last week, 13-31 Sport filed similar actions against DKS and WMT for selling Evoshield, Markwort, Mizuno and SKLZ branded baseball and softball fielders’ face masks that it says violate its patents.