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April 25, 2022


Tariff Cuts Teased as Antidote for Inflation

The prospects for easing tariffs on Chinese goods are looking brighter as federal officials make the media rounds, though the issue is slowly working through a quagmire at the legislative level with GOP factions split and populist House Democrats leaning into protectionism.

Trek Continues IBD Roll-up

David’s World Cycle, a 21-door Florida chain, is the latest acquisition for the increasingly vertical bike maker, Bicycle Retailer first reported.

Vail Resorts Sees S&P Maintain Ratings

Following MTN’s strong revenue growth in its fiscal first half, the ratings agency affirmed its BB issuer and issue-level credit rating for the ski resort operator, with a stable outlook.

Judge Dismisses Some Riddell Helmet Claims

An eastern TX District Court granted plaintiff Scott Akins and his parents’ motion to dismiss the manufacturing and marketing defect claims over Riddell’s reconditioned Revolution Speed football helmet.

Kappa Sales Slip in Q4 for China Dongxiang

The Chinese sportswear company said that retail sales at its Kappa and Kappa kids’ stores declined mid-single digits in the final fiscal quarter ended Mar. 31, with same store sales down a similar amount.

LifeLab Raises Additional Seed Funding

The lifestyle apparel company has raised a $6 million third seed round led by Asia Green Fund, bringing its total funding to-date to $13.8 million.

Alpkit Receives Growth Funding

The Nottingham, U.K.-based outdoor brand, which sells in the U.S. via its e-commerce website, secured £2.7 million (€3.2 mm) in new funding from HSBC U.K., backed by U.K. Export Finance, the U.K.’s export credit agency.

Puma Launches Re:Jersey

The Big Cat launched its Re:Jersey circular economy project at a recent Manchester City Premier League match where fans were asked to donate their old polyester jerseys in collection bins.

Correction: Q1 Imports

The table published as part of last Friday’s imports story incorrectly labeled two columns, “Change vs. 2020” while the left most of the two should be labeled “Change vs. 2021”.

Etcetera: OrthoLite, Under Armour, Sqairz, Dick’s

 
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