After a strong start to the year, Shimano’s net income in the final quarter fell by nearly half to ¥17,886 million ($116.1 mm) from ¥34,986 million, as sales inched down 1% to ¥115,223 million ($747.7 mm) from ¥116,114 million.

Net income improved by 11% in the fiscal third quarter ended Dec. 31 to ¥5,006 million ($32.5 mm) from ¥4,512 million, on 9% higher sales of ¥60,837 million ($394.8 mm) up from ¥55,751 million.

The bottom line turned positive with SEK 21 million ($2.3 mm) in net income against last year’s Quad Lock acquisition-induced SEK 37 million loss for the fourth quarter, as sales increased 9% to SEK 1,835 million ($201.9 mm) from SEK 1,678 million.

Net income declined 15% in fiscal Q3 ended Dec. 31 to ¥3,239 million ($21.6 mm) from ¥3,824 million on 18% higher revenue of ¥40,942 million ($273.5 mm) against ¥34,816 million.

The Chinese shoe maker and retailer’s Jan. revenues fell 12% to $704,649,000 from $804,926,000, due to weakness in Pou Sheng retail sales.

The consumer goods sustainability alliance, which owns the Higg Index sustainability measurement tools, tapped Ying McGuire as its next chief executive officer, effective June 1.

The Italian sneaker brand reached an agreement with unions to reduce its workforce by 14%, or 27 from a total staff of 199 at its Caerano di San Marco headquarters in Treviso.

Asics’ Race Roster U.S. subsidiary inked an agreement to acquire assets of two race registration platforms in the U.S., including Spay’s GetMeRegistered and an undisclosed company that provides similar race registration platform services here.