March 11, 2019
The story that will not die took another turn as former Adidas owner Bernard Tapie returned to court in France where he is accused of fraud and misuse of public funds.
The annual poll ranked Patagonia third overall in reputation and L.L. Bean fourth behind Wegman’s and Amazon, with Adidas coming in at 27, Nike at 35, Under Armour at 44 and Dick’s Sporting Goods at 60.
January retail imports were up 7.4% to 1.89 million Twenty-Foot Equivalent Units according to the NRF’s Global Port Tracker, exceeding expectations, but forecasts were lowered slightly after President Trump postponed the planned Mar. 2 tariff increase on Chinese-made products.
Hammerhead, which makes the Android-based Karoo navigation device and training aid for cycling, has raised $4.1 million of private equity funding in a “seed plus” round, led by Primary Venture Partners and KB Partners.
Pou Sheng retail sales tumbled 15% last month to $259,027,000 from $303,401,000, the first monthly decline at the Chinese retailer in over a year, which pulled Yue Yuen’s overall top line down 3% to $672,971,000 from $690,990,000.
Adjusted sales for sporting goods/hobby/book and music stores started 2019 with a 6% decline to $6,250 million from $6,659 million last year, according to Commerce Dept. data that was delayed almost a month due to the government shutdown.
Icon is suing Iconfitness in Abilene, TX, District Court for trademark infringement and unfair competition, alleging it is marketing physical fitness training and facilities using Icon’s registered trademark.