August 10, 2018
Former employees Kelly Cahill and Sara Johnston called Nike “a company where women are devalued and demeaned,” in a sex discrimination class action filed in Oregon District Court in Portland.
Net loss expanded to R$38.1 million ($10.6 mm) from a loss of R$35.2 million in the second quarter on a 3% revenue decline to R$449.8 million ($124.8 mm) from R$461.3 million.
Optimal Investment Group, a Sherman Oaks, CA-based private equity firm, paid $3,250,000 for the assets of the bankrupt footwear distributor.
Retail demand combined with the rush to get product into the U.S. before the imminent imposition of tariffs are driving a surge in imports, according to the NRF’s Global Port Tracker.
July sales at Yue Yuen increased 9.1% to $787,119,000 from $721,258,000, while Pou Sheng retail sales gained 22.2% to $239,206,000 for the month from $195,811,000.
The company is suing another batch of websites and sellers on marketplaces iOffer, eBay, AliExpress, Alibaba, Amazon, Wish, and Dhgate, accusing them of offering counterfeit Lululemon apparel.
Harbor Freight is recalling about 25,000 electronic handgun safes because they can open without the use of a key or combination upon impact.