June 08, 2018
A $2.0 billion tax charge at Nike drove a 59% decline in industry profits in Q1 to $1,213,286,000 from $2,961,468,000 on aggregate sales that were up a solid 9% to $46,948,246,000 from $43,020,298,000. ROS was just 2.6% against 6.9% last year in a period that is seasonally relatively small for all sectors except equipment.
Although the traditional markets have remained flat for the most part, tennis companies are looking to expand into new markets like China and grow their presence in other racquet sports like badminton.
Strong consumer demand is driving record volumes of imports despite the uncertainty brought on by the threat of tariffs, according to the NRF’s Global Port Tracker report.
The domains, market usernames, individuals and companies on the list are accused of selling fake Yeti product on their own web site or on marketplaces like AliExpress, Amazon and eBay.