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July 18, 2022 Back-to-School Spending Forecasts See Year-Over-Year Gains
Retail analysts are forecasting growth for Back-to-School spending in the face of inflationary worries from many shoppers, though some believe that seasonal spending may come at the expense of other items. Lululemon Plans to Grow in China
China is set to become Lululemon’s second most important market worldwide in 2026, CEO Calvin McDonald said in an interview with China Daily. 361 Degrees Expects 30%-Plus Profit Growth
The Chinese sportswear brand expects first half profits will be up at least 30% compared to last year’s RMB 401,435,000 ($62.2 mm) bottom line, it revealed in a release. PSG Shareholder Suit Settlement Moves Forward
The $13 million settlement reached last Dec. in the long-running class action filed by the Plumbers & Pipefitters National Pension Fund against former Performance Sports Group CEOs Kevin Davis and Amir Rosenthal, has now received preliminary approval. Bass Pro Sued Over Sock Guarantee
Bass Pro is being sued by Kent Slaughter in a proposed class action filed in MO district court claiming it will no longer honor the lifetime warranty on its Redhead Lifetime Guarantee All- Purpose Wool Socks. Etcetera: VF Corp., Kohl’s, Authentic Brands Group, Pentland
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