January 10, 2019 U.S.-China Trade Talks Suggest Modest Progress
As the first round of talks between mid-level officials to resolve the trade war concluded, reports suggested China had agreed to purchase significantly more U.S. agricultural, industrial and energy goods but there were few specifics on how this would be verified and enforced and little progress on the deeper issues that divide the two countries over intellectual property rights transfers and China’s industrial policies that are seen as threats to the U.S. EU Opens Investigation into Nike Tax Shelter
The Eager Beavertons’ Dutch Sandwich Double Irish tax set-up in the European Union, which enabled them to shelter some $6.6 billion in profits over the years, is being formally investigated by the tax authorities who claim that these tax structures may amount to an illegal subsidy by the Dutch government. Department Stores Report Weak Holiday, Lampert Ups Sears Bid
Despite a strong start and solid overall retail sales for the Holiday season, the department store channel continues to lose market share as the major ones reported mostly disappointing sales that pressured their stock prices. NFL Drops Concussion Settlement Appeal
The league withdrew its challenge of some diagnoses of dementia in former players, which it had argued were not adhering to consistent medical standards despite those diagnoses being made by approved doctors and upheld by the court-appointed administrator. PGA Tour Superstore to Open Six New Stores in 2019
The golf retailer has tripled its store count to the current 35 locations over the past few years tracking the golf industry’s recovery, and plans to open at least six more this year and grow by 50% over the next three years. Yue Yuen Manufacturing & Retail Both Gain in December
Yue Yuen total sales were up 6.7% to $847,826,000 in Dec. compared to $794,591,000, including a 13.4% increase from Pou Sheng retail sales to $294,832,000 up from $259,938,000. Etcetera: Patagonia, Lands’ End, Shoe Carnival, Dunlop, Wolverine Worldwide
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