April 22, 2022
Declines in all categories except winter sports equipment sent total sporting goods imports down 30.1% to $4,697.3 million from last year’s outsized $6,717.8 million, the lowest Q1 total we’ve tallied since 2014.
In its latest investor presentation, KSS said that a select few of its more than 25 suitors have been invited into a data room that contain over 55,000 documents to review information about the retailer, and have also held meetings with management.
The Gainline Capital Partners-backed fitness equipment company is buying Wexer, which is a digital fitness content technology platform.
The Ocean Shipping Reform Act is now stuck in conference negotiations to reconcile differences between the versions that easily passed both the House and Senate, and nearly 100 industry groups including the SFIA, NSGA, AAFA and FDRA signed on to a letter reinforcing the need for key provisions.