June 09, 2017
Although four of the five sectors were negative, a strong gain in sneaker profits was able to offset declines elsewhere as industry profits rose 9% overall to $2,934.3 million from $2,682.7 million for the period on a 5% revenue gain to $40,378.7 million from $38,522.4 million.
The U.K. chain continues to buy shares of Little Foot as it added another 1.5 million shares in two filings through Jun. 7 since its filing May 26.
J&F Investimentos, the Brazilian conglomerate that owns the majority of Alpargatas, may have to sell the company to enable a major shareholder to pay a reported R$11 billion ($3.37 billion) fine.
Imports hit 1.61 million TEU in April, but are expected to slow after several months of double-digit gains in the beginning of 2017, according to the monthly PortTracker study conducted by the NRF and Hackett Associates.
Cycling Sports Group is recalling about 1,240 GT Karakoram Sport, Karakoram Comp, Aggressor Sport, Aggressor Comp and Aggressor Expert bicycles because the handlebars can crack.