March 04, 2020
From the Olympics to March Madness and from the factory floors in Asia to malls in the U.S., the impact of the spreading coronavirus continues to cloud the future with many businesses and organizations now making contingency plans in case the outbreak worsens but for now planning to keep scheduled events on track.
SKX said it did not see a need to alter its guidance, despite the recent global spread of the coronavirus outbreak, in a round table discussion at the UBS investor conference, but CFO John Vandemore acknowledged that “things got worse,” since it reported its year end results.
A bipartisan group of representatives introduced the Stopping Harmful Offers on Platforms by Screening Against Fakes in E-Commerce Act in the House this week, which requires online marketplaces to do more to prevent the sale of counterfeit products.
The 231-door vertical fitness apparel retailer reported net income last year of R$51 million ($13 mm) on revenues of R$275 million ($70 mm) in a preliminary prospectus filed earlier this week.
The bike apparel maker filed for bankruptcy protection and has temporarily laid off its 66 employees as it looks for investors to recapitalize the company.
NSSF-adjusted NICS FBI background checks grew 16.7% last month to 1,294,123 from 1,109,087, and were up 17.6% year to date at 2,465,601 compared to 2,097,247.
Taylor Made, Acushnet, Roger Cleveland, Sumitomo Rubber, Karsten Manufacturing, and Parsons Xtreme Golf joined forces to sue online sellers who are offering low quality knockoffs of their trademarked products.