January 17, 2020
The U.S. and China signed their Phase One trade deal that will commit China to purchase some $200 billion in U.S. goods over the next two years in return for cancelling the List 4B duties that would have gone into effect Dec. 1 and rolling back the 15% duties to 7.5% going forward on List 4A imports.
GPS’ Old Navy banner will remain part of the company, it announced, citing the cost and complexity of the spin off, especially in light of softer business performance in the past year.
MTN’s skier visits in its North American resorts were down 7.8% compared to last year for the season to date through Jan. 5, although lift revenue including season ticket sales was up 0.4% and ski school revenue was up 2.0%.
Nicklaus Companies is suing PowerPro Sports in FL federal court, accusing it of using the iconic golfer’s name and likeness to promote its Powerchute golf training system.
Dick’s SG and Velocity Outdoors-owned Ravin Crossbows are being sued in IL District Court by Brad Jarvis, who says his hand was injured when a Ravin R15 crossbow discharged despite the safety being engaged.
Montreal-based In-Sport, which was Slackline’s Canadian distributor, has acquired the maker of slackline systems and creator of the ISI slackline competition judging system.