August 14, 2019
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.
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.
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.
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.
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.
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.