February 07, 2017
As we suspected given the relatively small amount of trade debt from major vendors relative to the size of the business, Eastern Outfitters said its vendors “have imposed very restrictive credit terms thereby depressing inventories.
Backing up its promise to exit Utah if it tried to undo President Obama’s designation of Bears Ears as a national monument, Patagonia said it would not return to the show when UT governor Gary Herbert signed a resolution asking the Trump Administration to rescind the designation.
Although Fitbit won its argument before the International Trade Commission that it did not misappropriate trade secrets from Jawbone, it cannot duck a separate court case filed in CA state court that makes far broader allegations of wrongdoing, Jawbone argues.
Unable to secure an increase from Nike on its deal, Adidas will reportedly take over the school’s outfitting contract in Jun. with a six-year $10 million deal.
The parent of the SKLZ, Pro Mini, and Sport-Brella brands appointed Wiseman to set a growth strategy for the company, reporting to CEO Jim Caccavo.