February 17, 2023
The declared value of industry customs imports dropped 2% in the final quarter to $6,346.0 million from $6,496.4 million, as a 71% jump in athletic footwear to $1,863.4 million from $1,090.6 million partially offset plunging equipment imports.
Net income plunged 89% in the fiscal third quarter ended Dec. 31 to just ¥9 million ($0.1 mm) from ¥85 million, while revenues increased 11% to ¥11,784 million ($83.3 mm) from ¥10,639 million.
Hanesbrands has completed a private offering of $600 million in 9.000% senior unsecured notes, due in 2031, to institutional investors.
Firearms imports posted another down month in October, according to ITC data compiled by the NSSF, with handguns falling 27% to 342,035 units, including a 29% drop in pistol imports to 310,604, while revolvers inched up 1% to 31,431 units.
The twelve-time NBA All Star filed suit against Ralph Lauren in NY district court, accusing them of using his name and likeness on their “Gervin Mid” high top sneakers without his permission in an effort to deceive consumers.