April 20, 2020
Although earlier signals from the Administration suggested that the proposed delay in collecting tariffs from the Covid-19 crisis would include relief for sporting goods importers, the final decision left intact all the punitive duties levied on China by President Trump’s trade war.
Standard & Poor’s changed its outlook to negative for Big Foot and VF as it sees restrictive government mandates to contain the coronavirus pandemic pressuring operating results at both companies.
Chinese sporting goods brands Anta, Li Ning, Xtep and China Dongxiang revealed the damage to their sales from the coronavirus retail shutdown there that began with the Lunar New Year at the end of January.
Following the announcement of Todd Spaletto’s departure as president of the Michigan Group, WWW said it would not fill that role and instead divided up responsibilities for the group’s brands to three veteran execs, who were also named to the company’s executive leadership team.
Oregon’s Sabrina Ionescu was selected first in the 2020 WNBA draft by the New York Liberty, and has signed a multiyear endorsement deal with the Swoosh, which of course also sponsors the Ducks.
Escalade Sports is suing Arachnid 360 in Evansville, IN, federal court over the perpetual royalty free license to use the Arachnid name for dart products for the consumer market.
Under Armour is laying off 323 workers at its Mount Juliet, TN, distribution center, the Nashville Tennessean reported, citing a state department of labor filing.