September 25, 2018
Net income improved 15% to $1,092 million from $950 million for the first quarter ended Aug. 31 as sales rose 10% to $9,948 million from $9,070 million that included a 6% improvement in North America as well as a double-digit gain in EMEA and a continued surge in China.
Like competitor Sturm, Ruger, American Outdoor Brands lost a proxy fight led by the Interfaith Group on Corporate Responsibility to issue a report to shareholders on whether it is adequately assessing the risks of its products and also on what R&D it is doing to make guns safer.
Retail, merchandising, apparel & product licensing revenue slipped 5% to £24.6 million ($18.1 mm) in the final fiscal quarter ended June 30 and was down 1% to £102.9 million ($75.6 mm) for the full year.
The 76ers All-Star center’s deal with Adidas expires Sep. 30 and he wore Under Dog’s sneakers at a recent open practice session, according to Sports Pro, which rates him as one of their 50 most marketable athletes.
Alessandro de Pestel joins Under Dog as its new chief marketing officer, a position that has seen some turnover in recent years as the company tries to reestablish the brand’s mojo.
VF Corp. and Fanatics agreed to pay $184,212 to the bankrupt retailer to refund a prepayment for Majestic product TSA made prior to filing for Chapter 11 in Mar, 2016.
The Conservation Alliance and The Outdoor industry Association sent a letter to Congress signed by over 280 outdoor organizations and companies asking it to reauthorize the Land and Water Conservation Fund on a permanent basis.
Provata Health is recalling about 30,000 activity tracker wristbands because they can overheat while being worn or when charging, causing burns.