August 15, 2018 China Dongxiang Sees H1 Gains from DTC, Apparel
Comprehensive net income slipped 43% to RMB532,749,000 ($83.5mm) from RMB934,629,000 in the first half, despite 14% higher revenues of RMB771,859,000 ($121.0 mm) vs. RMB674,660,000. Zett Net Improves in First Quarter
Comprehensive net income was up 62% to ¥466.8 million ($4.3 mm) from ¥287.6 million in the fiscal first quarter ended Jun. 30 on sales of ¥10,780.1 million ($98.8 mm), up 6% from ¥10,128.9 million. Globeride Swings to Q1 Loss on ForEx
A ¥712 million charge for foreign currency translation drove a comprehensive net loss of ¥248 million ($2.3 mm) against income of ¥497 million in the fiscal first quarter ended Jun. 30 as revenues inched up 1% to ¥21,849 million ($200.3 mm) from ¥21,591. Shopify Bans Sale of Certain Guns
The Canadian e-tailer, which hosts e-commerce sites for some 600,000 merchants, said its customers can no longer sell assault rifles and 3D printed guns on its site. Escalade Net Jumps despite Sales Slump
Net income was $12,071,000 against $2,096,000 for the quarter ended Jul. 14 as a $13.0 million gain on the sale of its Stiga equity more than offset a 10% decline in sales to $48,684,000 from $53,921,000 caused by the cold spring weather. Judge Grants Adidas Motion to Arbitrate Pitino Case
The Western District of KY federal court dismissed former Louisville basketball coach Rick Pitino’s “Outrage” claim against the Big a and ordered that their dispute be heard in Oregon before a binding arbitrator, as provided for in the original contract between the two. Sporting Goods Sales Drop 5% in July
Adjusted sales for sporting goods/hobby/book and music stores declined 5% to $6,626 million in July from $6,964 million last year, according to Commerce Dept. data.
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