March 04, 2019
Negotiations between the two countries are nearing a conclusion that will result in stepped up purchases of U.S. goods by China and lower tariffs on auto imports in return for an end to the 10% tariffs on $200 billion in imports.
Net income dropped 41% in the fourth quarter to $3,548,000 from $6,019,000 last year than included a $6 million one time tax benefit from the Tax Act as sales gained 9% to $57,307,000 from $52,677,000.
A week after reporting a disappointing final quarter from the fitness equipment maker, CEO Bruce Cazenave, who served in the role for the past seven years, has resigned from the top job there.
Mascot Bidco Oy, the consortium owned by Anta Sports, Lululemon founder Chip Wilson, FountainVest and Tencent, said that it cannot extend the tender offer for Amer’s shares past its Mar. 7 deadline.
WWW is partnering with the running-focused Chinese apparel and footwear brand to develop, market and distribute Merrell and Saucony products in mainland China, Hong Kong and Macau.
SKX took out an ad in the New York Times and other places with a photo of a split left basketball shoe and the caption “Just Blew It” and “Skechers We won’t split on you.”
PHIT America has produced a new video supporting its mission of promoting P.E. in schools to make sure kids can get physically active during the school day.