I did not expect, particularly in the midst of crisis, just how severe that partisanship would be. Obama appeared to be referring to the financial collapse he inherited upon taking office. I became a lightning rod for some partisan battles, he said. By almost every measure, the country is significantly better off than when I came in. If you can look back and say, The economys better. Our securitys better. The environments better. Our … kids education is better … then considering all the challenges out there you should feel good. But Im the first to acknowledge that I did not crack the code in terms of reducing this partisan fever, Obama said. The president who struggled in working with members Congress offered a dismal assessment of their collective ability to get things done.
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This marks a significant outperformance compared with the Zacks categorized RetailMiscellaneous/Diversified industrys growth of 15.2% in the same period. the medical interview lipkinQ4 Sales Results Net sales for the fiscal fourth quarter declined 3.2% to $266.3 million from $275 million in the year-ago quarter and were below the Zacks Consensus Estimate of $273.6 million. However, comparable-store sales (comps) rose 3.1% from the prior-year quarter. Comps for the period gained mainly from the rise in both customer transactions and average sales owing to the companys actions to capitalize on the opportunities presented by the rationalization in the retail sporting goods industry. The primary reason for the competitive rationalization in the markets where it operates is the recent liquidation of rivals Sports Authority and Sport Chalet. Additionally, comps in the quarter benefited from the improved merchandise margins that escalated nearly 70 basis points. Evidently, merchandise inventories remained strong at quarter-end with per-store inventories inching down only 1% from the year-ago quarter, leading the company to enhance its balance sheet strength. During the quarter, the company used its positive cash flows to lower debt by slashing borrowings under its credit facility by 82% from $54.8 million to $10 million at year-end. medical interview prepFrom the product category perspective, the companys hardgoods and apparel categories posted comps gains, while comps for the footwear category were slightly down. Hardgoods posted comps growth in the mid-single-digit range, while comps for apparel increased in the low-single digit. Fiscal 2016 Sales Results Big 5 reported net sales of $1.02 billion for fiscal 2016, falling a penny short of both the prior-year figure and the Zacks Consensus Estimate of $1.03 billion.
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