June 18, 2019
The OIA calculates that in the 12 months leading up to the May increase in tariffs that affected a handful of industry products, it paid $1,742 million in tariffs compared to $654 million in the prior year.
After a year when Adidas drove athletic footwear sales at the family shoe retailer, SCVL told investors at the Jefferies Consumer Conference that it expects Nike, its largest athletic brand, to be the main sales catalyst during Back-to-School.
President Trump tweeted that he will be having an extended meeting with the Chinese President next week at the G-20 summit in Osaka, Japan, and that both countries’ teams will resume trade negotiations prior to that meeting.
Net loss at the Hi-Tec brand owner narrowed 18% to $2,258,000 in the first quarter ended May 4 from a loss of $2,741,000 last year on 6% lower licensing revenues of $5,052,000 from $5,402,000.
The consumer electronics retailer will roll out an assortment of connected fitness products in a dedicated fitness department in more than 100 stores by the end of the year.
Hibbett’s SVP of store operations began her three-year term on June 1 as chair of the NSGA board of directors and is the first woman to lead its board in the association’s 90 year history.
The bankrupt shooting sports distributor saw U.S. Trustee Andrew Vara appoint seven companies to the committee of unsecured creditors.
The diversified parent of Cannondale, Schwinn and other bike brands has secured a new, five-year 7.5% $175 million unsecured term loan from several institutional lenders led by Sagard Credit Partners.