With less of an impact from foreign exchange this year, the bottom line recovered to a profit of ¥15,136 million ($95.0 mm) in Q2 from a loss of ¥5,825 million last year, as a big jump in fishing tackle pushed revenues up 4% to ¥129,415 million ($812.1 mm) from ¥123,870 million.

An approximate $15.0 million reduction in cost of goods sold from recognition of expected IEEPA net tariff refunds in the second quarter pushed net income up nearly fourfold to $13,881,000 from $3,608,000 on 12% higher sales of $118,368,000 against $105,647,000.

The industrial yarn and footwear component supplier said that revenue improved 19% (+1% organic CC sales) to $837 million in the first half ended Jun. 30, against $705 million last year.

The softgoods supply chain picture became increasingly cloudy after the Trump administration's Section 301 tariffs, for failing to prevent forced labor, combined with a proposed Tariff-Rate Quota "textile mechanism" to favor Bangladesh, Cambodia, Indonesia and Malaysia.

The Eager Beavertons intend to close two distribution facilities that employ around 1,900 people in Shelby County, TN, over the next two years, according to multiple reports in local media.

The Canadian outdoor retailer has filed for creditor protection for the second time in six years, owing more than C$17 million, according to the documents obtained through the Office of the Superintendent of Bankruptcy Canada.