April 10, 2018 Pou Sheng Privatization Derailed by Minority Vote
While the overall proposal got the okay from 95% of the outstanding shares, the plan to take the retailer private was not approved because slightly more than the required 10% of the disinterested shareholders voted against it. Nike Buys Invertex to Strengthen Digital Business
The Eager Beavertons made their second acquisition in less than a month as part of its push to fill out its digital capabilities. More Musical Chairs on Team Deals: Nike, Adidas, Puma and Under Armour
Adidas is in. Nike, Puma and Under Armour are out. Nike Slips, Adidas and Vans Gain in Piper Jaffray Teen Survey
Piper Jaffray’s 35th Semi-Annual Taking Stock With Teens survey again saw Nike on top of the footwear and clothing brand rankings, while Adidas and Vans moved up the footwear list this year in teen perception. NSSF Sees Industry Economic Impact at $51.4 Billion in 2017
That is comprised of $21.0 billion in direct contributions from manufacturers, distributors and retailers of firearms and ammunition and another $14.2 billion in supplier impact and $16.2 in induced impact. Remington Forecasts $124.5 Million in Q2 Sales
The bankrupt gunmaker’s second quarter cash flow budget calls for $52.9 million of operating losses on those sales, and a total cash outflow of $81.8 million including financing and restructuring charges. NPD: U.S. E-bike Sales Nearly Doubled in 2017
Electric bikes, which have been driving European bike sales for years, are now accelerating in the U.S. with 91% growth last year to $77.1 million, according to NPD Group.
The Chinese footwear and apparel brands got off to a strong start in 2018 posting double-digit retail sales gains in the first quarter. Etcetera: Sierra Designs, Puma, Adidas, Dick’s SG
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