August 14, 2019 No Grace Period for September Tariffs
SFIA sent an alert confirming that all goods that land after Sep. 1 from China on List 4A will be subject to the 10% tariff. The information came directly from the USTR office. Canada Goose Narrows Loss in Small Quarter
The net loss expanded 57% to C$29.4 million ($22.0 mm) in its fiscal first quarter from a C$18.7 million loss last year as revenue jumped 59% to C$71.1 million ($53.2 mm) from C$44.7 million on strong demand across channels for both current seasonal offerings and off-season fall/winter collections.
Comprehensive net income nearly tripled to RMB 795,527,000 ($116.5 mm) from RMB 267,696,000 as revenues rose by a third to RMB 6,254,730,000 ($915.9 mm) from RMB 4,712,773,000. Japanese Brands’ Q1 Roundup: Globeride, Goldwin, Yonex, Zett, Dunlop
Globeride, which owns Daiwa fishing and distributes Prince tennis in Japan, posted a comprehensive net profit of ¥558 million ($5.1 mm) in the fiscal first quarter ended Jun. 30 against a loss of ¥248 million last year, as revenues gained 2% to ¥22,243 million ($202.3 mm) from ¥21,849 million. Fanatics Signs Supplier Deal with German Retailer SportScheck
The licensed apparel juggernaut inked a long-term deal to be the exclusive supplier of licensed team sports merchandise for SportScheck, one of Germany’s leading sporting goods retailers. Firearms Trade Broadly Lower in May
Handgun imports declined 16% for the month to 222,717 units, including an 18% drop in pistols that more than offset a 5% increase in revolver imports, according to ITC data compiled by the NSSF. Lululemon Sues Cavalier Closeouts for Selling Counterfeits
LULU is suing the CA-based importer, who also does business as Apparel Liquidators, for selling counterfeit Lululemon-branded apparel though its eBay store.
Three weeks after the UK retail conglomerate reported its year-end results after repeated delays, its accounting firm Grant Thornton announced that it would not seek re-appointment as Sports Direct’s auditor.
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