June 07, 2019
The value of U.S. sporting goods imports was $5,890.3 million for the first three months of 2019 compared to $5,617.0 million prior, continuing a string of moderate gains over the last year. Also in line with recent trends, the soft goods imports were relatively weak compared to equipment.
The former Arizona assistant men’s basketball coach received a sentence of three months in prison and two years of probation after pleading guilty in January to federal bribery charges in the Hoopgate scandal.
The 130-year-old, family-owned retailer reported a 12% year-over-year increase in May sales and said it has made substantial progress over the past two months on reducing its inventory levels.
Peloton Interactive suffered a setback in its patent infringement battle with rival Flywheel Sports as the PTAB has agreed to review the validity of three Peloton patents that form the basis of the lawsuit.
Sansome Pacific, a San Francisco-based REIT, paid $324.3 million for the stores in a sale lease back transaction.
SKX is suing National Union Fire Insurance Company of Pittsburg for failing to pay its legal expenses in the since-settled dispute with the Big a over the Stan Smith and Supernova trade dress.