July 12, 2018
After an 11-year battle to get the definition of a deductible expense to include sports and fitness activities, the House Ways and Means Committee voted 28-7 with significant bi-partisan support to include the PHIT Act as one of the measures that will go to the House floor the week of Jul. 23 as part of a Health Savings Act Reform Bill.
The Big a characterizes the dispute over the $54 million claim it has against Rockport as an inter-creditor matter that will only affect the amount recovered by the secured noteholders, who also happen to be the equity holders in Rockport, Berkshire Partners and New Balance.
The new store, dubbed Nike by Melrose, is a 4,557-sq.-ft., single-level, cross-category Nike store located on Melrose Ave. in West LA.
Total sales at the footwear maker declined 3% to $443.5 million in the second quarter, down from $454.7 million, but were up 1% excluding its discontinued China retail business.
FieldTurf received a grant of $195,000 to develop technology for an all-new sports surface designed to reduce impact, Corsair Innovations was awarded $168,504 to continue to test its “FEAM” helmet impact attenuation system that also won an award in 2015, and Yobel Technologies got $20,000 to support testing of their energy absorbing faceguard.
Burton is recalling about 4,800 pairs of Step On snowboard boots from the winter 2017-2019 seasons because they can release from the binding unexpectedly.