August 26, 2019
President Trump veered between escalation of the trade war with China by increasing tariffs even more to hinting that there were productive talks happening with Beijing, an assertion that was not corroborated by the Chinese in a dizzying week for importers at the G-7 meetings in France.
Net income increased 7% to $25,341,000 in the second quarter ended Aug. 3 from $23,646,000 last year on 6% higher sales at $752,485,000 compared to $706,612,000 helped by a double-digit improvement from the Brand Portfolio that more than offset another decline at Famous Footwear.
China’s largest sports brand posted a 28% gain in comprehensive net income attributable to shareholders of RMB2,482,708,000 ($363.6 mm) in the first half up from RMB1,944,809,000 on a 40% sales increase to RMB14,810,559,000 ($2,168.8 mm) against RMB10,553,525,000.
While no documents have been filed with the SEC yet, the PE-owned shoe company is planning to go public, according to an internal source, Bloomberg reported.
Sales at the Gap-owned activewear chain continued to accelerate in Q2, as it cleared out slow-selling swim product and improved inventory productivity.
The two-location golf specialty retailer owned by Waltrav, LLC, lists $0 to $50,000 in assets and $1 to 10 million in liabilities in its Chapter 11 filing in So. Florida U.S. Bankruptcy Court.
Century Sports is suing Ross Bicycles for infringing on its trademark of the Ross brand, which was acquired after mountain bike pioneer Ross Bikes filed for bankruptcy in 1988.
Former Under Dog marketing executive Leon Duncan, who was fired along with several others in July 2018 for abusing expense policies, has sued the company in Baltimore Circuit Court, the Baltimore Sun reported.