October 14, 2019 China, U.S. Announce Phase One Trade Deal But Details Are Sketchy
The outlines of the deal call for China to more than double its purchases of agricultural products from the U.S. in exchange for a delay in the planned increase on $200 billion worth of imports from 25% to 30% this month, but the exact details of the deal have yet to be confirmed by China and the discussions have not tackled either the existing duties on List 4A nor do they address the upcoming Dec. 15 duties on List 4B, which include the vast majority of sporting goods products imported from China. Nike Runner Breaks Two Hours for Marathon Distance
Eliud Kipchoge completed the 26.2 miles on a closed loop in Vienna, Austria, in 1:59:40, the first sub-two-hour time for the marathon distance ever recorded. Nike Buys Russell Wilson’s TraceMe Startup
The Eager Beavertons have acquired the Seattle-based company that makes a sports prediction app called Tally, and intends to integrate its content into existing Nike-owned digital platforms. Yue Yuen Slips in September despite Pou Sheng Gains
Total sales declined 2% for the month to $822,898,000 from $839,473,000 despite a 12% increase in the Pou Sheng Chinese retail operation to $339,029,000 from $301,508,000. Fashion Designer Sues Adidas and Others over Human Mark
Joel Pena, a graffiti artist turned designer who goes by Joel Human, is suing the Big a along with Foot Locker, StockX, Flight Club and GOAT, accusing them of infringing on his Human and Human Made trademarks. Etcetera: Famous Footwear, REI
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