February 08, 2019
President Trump said that he would not meet with Chinese President Xi Jinping before the Mar. 1 deadline, but CNBC reported that the administration will likely keep tariffs on some Chinese imports at 10%, rather than raising them to 25%, citing inside sources.
A U.S. bankruptcy judge approved the $5.2 billion bid from Sears Chairman Eddie Lampert’s ESL from the New York bankruptcy court, which promises to keep it operating with a reduced footprint of 425 stores.
The brick-and-mortar operations of bankrupt ASE’s retail subsidiary are being wound down, Bicycle Retailer reported, with the 60 locations still operating set to close by Mar. 2.
Comprehensive net income declined 34% at the racquet sports brand to ¥843 million ($7.6 mm) from ¥1,283 million for the nine months ended Dec. 31 on 3% lower sales of ¥44,753 million ($405.4 mm) down from ¥46,201 million.