September 14, 2018 Imports Slip 1% in Q2 on Lower Sneaker Activity
Suggesting a somewhat cautious approach to the Back-to-School season, sneaker imports in Q2 were down 7.1% and apparel imports were down 0.5%, offsetting a 4.0% gain in equipment for the second quarter. Trump Said to Favor New Tariffs despite Invitation to Negotiate
The Administration wants to move ahead with the second round of tariffs on $200 billion in Chinese products, even as it invites China to resume high level talks aimed at settling the dispute, according to Bloomberg. StockX Secures $44 Million in Series B Funding
GV and Battery Ventures led the round, with the funds earmarked to finance international expansion for the sneaker and luxury brand secondary market platform. Sixth Plaintiff Joins Nike Sex Discrimination Suit
Meghan Grieve joined the suit as a party plaintiff, claiming that she was paid less than male Nike employees for substantially equal work. Beeline Bikes Offers Service Platform to IBDs
The Accell-owned mobile bike shop franchisor is making its Powered by Beeline software available to any independent bicycle dealer. Schutt Parent Wins Rulings in Riddell Suit
Kranos Corp. saw the court reject Riddell’s motion to get a Schutt patent declared unenforceable and dismiss Riddell’s counterclaim against Kranos for failure to state a claim. Etcetera: Implus, PGA Tour Superstore, Garneau
|