October 29, 2019
With the venture between the Eager Beavertons and Fanatics set to take over the MLB license in 2020, a number of fan shops and other retailers are learning that they won’t have access to the new product.
Net income in the third quarter more than doubled to $6,397,000 from $3,115,000 on the strength of expanding merchandise margins, though sales declined slightly to $266,150,000 from $266,351,000 while same store sales increased 0.3%.
Comprehensive net income was off 36% in the third quarter to ¥11,266 million ($105.0 mm) including a negative swing in foreign currency translation adjustments, from ¥18,033 million last year, as revenues gained 11% to ¥87,574 million ($816.2 mm) from ¥79,192 million.
President Trump’s son-in-law and special advisor told a conference in Riyadh that negotiators had come to an understanding about their trading relationship but wasn’t more specific.
The Eager Beavertons are suing Skechers again, this time alleging that the Skech-Air Jumpin’ Dots shoes and Skech-Air Mega shoes infringe on Nike’s U.S. patents 7,401,420 and 10,098,412, copying Nike styles in a practice that it has previously called “Skecherizing.”
Voxel8, which specializes in 3-D printing athletic footwear and apparel, closed an unspecified Series B funding round led by DSM Venturing, with participation from HP Tech Ventures and existing investors Braemar Energy Ventures and ARCH Venture Partners.
The Chinese athletic footwear and apparel giant inked an extension as Official Sportswear Uniform Supplier to the International Olympic Committee until the end of 2022.