January 20, 2023 Input Costs: Wages Rise, Freight Falls, Materials Are Mixed
The New Year opened with a welcome return to normalized ocean freight prices, which are now just $2,132 for a 40-foot container on average, according to the Drewry World Container Index’s Jan. 12 update. Super Retail Group Sued for Underpaying Workers
The Rebel Sport and Macpac parent faces legal action from Australia’s Fair Work Ombudsman for a previously disclosed issue where it had failed to pay overtime to employees on its store set up and renovation teams. Courtside Ventures Launches Third Sports Fund
The early-stage VC firm has launched Fund III with $100 million in investments from Dick’s SG, Wellness Holding, Gametime Capital and dozens of other companies, sports team owners and professional athletes. Fitness Companies Settle Class Action Suits
Peloton and iFit Health & Fitness have each settled separate proposed class action suits filed against them. CPSC Recall: Tony Hawk Helmets
Sakar International is recalling about 33,100 multi-sport helmets sold under the Tony Hawk, Credhedz, and Crayola brands because they do not comply with CPSC positional stability and retention system requirements. Etcetera: Darn Tough Vermont, Levi Strauss
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