July 23, 2018
President Trump said he is willing to put tariffs on some $500 million in imports from China during a CNBC interview, doubling down on a policy that has already seen 25% tariffs imposed on $34 billion worth of imports with another $167 billion to come and exploring 10% tariffs on an additional $200 billion worth of imports.
The Eager Beavertons will increase pay for about 7,500 of its 74,000 global employees in the wake of the work place violations that led to the departures of a number of top executives.
Completing a year of what it termed transition, Accell net income was down 3% to €25.5 million against €26.3 million for the first half ended Jun. 30 on sales of €635.9 million compared to €634.0 million.
Luxottica Group’s North American sales dropped 4.5% to €1,368 million ($1,630 mm) from €1,432 million in the second quarter, but constant currency sales increased 3.4%.
A district court in NJ awarded the Eager Beavertons $240,000 from City Ocean Logistics and City Ocean International, two customs broker who handled a shipment that was marked as ceramics but was seized by Customs and found to contain counterfeit Nike sneakers.
With the upcoming sale to Bain Capital on the horizon, Moody’s downgraded Varsity Brands term loans, which have been upsized to pay for the transaction.
The FasTrack desktop app has been augmented with a mobile version that allows retailers to manage orders, check inventory and drop ship directly to consumers.