July 25, 2018
The latest round of 10% tariffs on $200 billion in Chinese imports that has initially targeted some sectors of the sporting goods industry has a Jul. 27 deadline for companies to request exclusions with written comments due Aug. 17 and hearings set for Aug. 20-23.
Net income grew 47% at the luxury outerwear maker to €61,628,000 ($73.5 mm) from €41,835,000 in the first half on 21% higher revenues of €493,544,000 ($588.3 mm) against €407,643,000, up 27% constant currency.
Facing the possibility that Charlesbank would withdraw its $150 million bid for its assets, Rockport agreed to pay Adidas $8 million to settle a $54 million claim the Big a asserted against its bankrupt estate.
VF Corp. has pledged $1 million and Patagonia, Thule and REI have added significant support to the Outdoor Foundation, whose mission is to increase participation in outdoor activities for families and children.
The 114-page complaint filed in MD federal court alleges that Under Dog misled investors about its business prospects at the end of 2015 when Sports Atrocity was on the verge of filing for bankruptcy.