June 03, 2019
Beijing issued a White Paper, viewed as an official response to the U.S. on the Trade War, in which it blamed the U.S. for the breakdown in negotiations and demanded that it withdraw its latest round of tariffs before any agreement can be reached.
Net income dropped 47% to $9,083,000 in the first quarter ended May 4 from $17,212,000 last year pulled down by weakness at Famous Footwear, Vionic integration costs and restructuring in the brand portfolio, on sales that increased 7% to $677,754,000 from $632,142,000.
The leading customer relationship management service has told its customers, which include major retailers such as Camping World, that they must stop selling semi-automatic rifles or their contract with the company will not be renewed.
ELY will pay ¥2 billion, or about $18 million, to TSI Groove & Sports Co, Ltd. to acquire the 48% of Callaway Golf K.K. that it does not already own, at a valuation of about 9x projected 2019 EBITDA.
Blue Orca Capital sent shares in the huge Chinese sneaker brand falling last week with a presentation calling into question the company’s accounting and corporate governance, Bloomberg reported.
The footwear maker’s venture arm has made an investment in Aura Vision, which pioneered a technology that gathers data from retailers’ existing security cameras to track in-store traffic.