January 10, 2020
The trade dispute between the U.S. and China caused chaos in many companies’ sourcing plans last year, as well as in factories worldwide as they scrambled to avoid tariffs on Chinese produced goods.
H&M inked an NFL license to make and sell NFL-branded apparel and accessories in stores and online in over 20 countries including the U.K., China, Japan, Germany, India, Mexico, South Korea and in the Middle East, but not in the U.S.
JD reported positive same store sales overall for its sports banners during the Holiday season, despite the continuing retail challenges in the U.K. market as Brexit looms.
Though the container ships had sailed long before the Phase One trade deal with China was announced, the forecast surge in Nov. retail imports failed to materialize, according to the NRF’s PortTracker.
A big gain at Pou Sheng more than offset manufacturing segment declines at the Chinese footwear giant, as Dec. revenues increased 1% overall to $858,437,000 from $847,826,000.
The extensive sponsorship of China’s national track & field team that was first inked in 2013 and was set to expire next year, will now run for an additional 12 years, covering all Olympic Games through 2033.
Gart Capital Partners, the investment vehicle for the family that founded Gart Brothers sporting goods in 1928, has acquired California retailer Work World, the Denver Post reported.