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January 04, 2017


Trump Pick as USTR Likely to be Tough on Free Trade

The nomination of Robert Lighthizer to be the chief trade negotiator for the U.S. signals a much more confrontational approach to dealing with China and Mexico, just as President-elect Donald Trump promised during the campaign.

PHIT Act Seen as Getting Green Light Soon

The SFIA-led coalition of groups backing the expansion of deductible Health Savings Account expenses to include certain sporting goods and activity fees believes that this program has an excellent chance of passing Congress this Spring.

NICS Checks Misfire in December

FBI NICS background checks fizzled in the final month of 2016, dropping 16% to 2,771,159 from 3,314,594 last year reflecting lower demand for firearms following the election.

American Outdoor Brands Names Murphy Head of Outdoor Unit

The former VP of corporate development for Vista Outdoor will head up AOBC’s portfolio of outdoor brands that he will evidently be building himself through acquisitions as most of the company’s business is now under the Smith & Wesson brand and some hunting-related businesses like Battenfeld Technologies.

Nevada AG Says State Can’t Comply with New Background Check Vote

The narrowly passed referendum in NV that expanded the transactions that would be subject to background checks can’t be enforced, according to an opinion from the state’s attorney general, because it has no authority to charge fees for these background checks and the FBI’s NICS department will not perform background checks on private party transactions.

Amazon Said to Be Exploring Activewear Line

Job postings are looking for talent “to build authentic activewear private label brands that have compelling and unique DNA and deliver amazing consumer valued innovation.”

Iconix Sells Sharper Image for $100 Million

ICON has divested the specialty retailer to ThreeSixty Group, which also recently purchased troubled toy retailer FAO Schwarz.

Zumiez Comps Positive in December

Total sales were up 7% to $143.6 million for the five weeks ended Dec. 31 compared to $134.5 million last year with comp store sales improving 3.4% this year against an 8.9% decline last year.

Nike Makes it Official with Jason Day

In a deal reported to be worth around $10 million per year, the world’s top ranked golfer will wear Nike footwear, apparel, headwear and gloves starting with the Tournament of Champions this weekend.

Etcetera: SMC, CEP, PHIT, Palladium

 
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