June 11, 2018 New Tariffs Leave Sporting Goods Unscathed So Far
With trade tensions escalating by the day, sneakers, athletic apparel and sports equipment continue to fly beneath the radar, but the unpredictability of U.S. policy leaves many executives wondering about the future. Gildan’s Sees Fashion Basics Gains, American Apparel Opportunities
GIL said a growing consumer preference for fashion basics apparel made from lighter-weight, softer, ringspun yarn and willingness to pay significantly higher prices there is its primary growth driver. Crocs Sees the End of the Tunnel
Crocs’ multi-year realignment in which it closed stores, converted unprofitable foreign markets to distributors and boosted margins by tightening distribution and inventory management has positioned it for long-term profitable growth, it told investors at the Stifel conference. Golden Gate Merges PacSun and Eddie Bauer
The two retailers will have a combined $1.5 billion in sales, including $400 million in e-commerce sales, according to a release from the company. Fanatics to Open Shops in JC Penney
In yet another bold move to solidify its lead in licensed retailing, Fanatics will open 325 fan shops in JC Penney doors immediately and anticipates adding another 325 by Back-to-School. Roger Federer May Exit Nike for Uniqlo
Various sources have confirmed that the 20-time Grand Slam winner’s contract with the Eager Beavertons expired on Mar. 1. Judge Finalizes Foot Locker Pension Ruling
Plaintiff’s attorneys will rake in $95 million of the $290 million judgment, plus $1.5 million in expenses, while the 16,000 retiree class members will share the rest, according to an amended final judgment issued by the U.S. District Court judge. Yue Yuen Sales Were Up Last Month
May sales at Yue Yuen increased 8.3% to $876,356,000 up from $809,460,000, and Pou Sheng retail sales gained 20.9% to $276,241,000 from $228,511,000.
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