January 10, 2020 Input Costs Are Rising In 2020, Despite Trade War Reprieve
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’s NFL Deal Targets International
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 Sports Sees Positive Holiday Comps
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. November Retail Imports Were Much Lower than Expected
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. Retail Jump Offsets Lower Factory Sales at Yue Yuen
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. Nike Extends Chinese Athletics Association Deal Through 2033
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 Family Fund Buys Workwear Retailer
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.
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