June 07, 2018
The result was a loss of $2,607,000 compared to a loss of $4,448,000 for the three months ended May 5 as sales rose 14% to $206,287,000 from $181,155,000 on the strength of an 8.3% comp store improvement that included solid mid-single-digit comps in the stores and faster growth on the digital side.
The program is intended to help reduce what the Park Service says is an $11.6 billion backlog in maintenance and repairs that are needed at the nation’s parks.
Sales for the third quarter ended Apr. 30 were up 2% to $104,162,000 compared to $102,104,000 while gross profit for the stores gained 3% to $69,218,000 from $67,229,000.
Dubbed The North Face Renewed, the new e-commerce site sells returned, defective or damaged apparel that has been cleaned and refurbished to make it ready for resale.
The amendment increases the unsecured five-year revolving credit facility to $400.0 million, giving the company headroom for the repurchase of 3.3 million shares from funds run by Advent International Corporation.
The company, which owns the licensing rights to Jack Nicklaus, is suing Bryan Hepler Golf, which operates as Tathata Golf, for using the famous golfer’s picture and name on its instructional videos.
Four first time and two returning board members were elected by OIA member companies and will begin their three-year terms before OR Summer Market.
The Big Cat, whose global media spending is about $120 million, is conducting a search for a new media agency, AdAge reported.