July 17, 2023 No China Tariff Relief Coming: Yellen
Section 301 tariffs on imports from China will remain a part of the economic landscape for the foreseeable future based on comments from U.S. Treasury Secretary Janet Yellen, following a recent visit to Beijing. Wolverine Worldwide Gets Negative Outlook from S&P
A week after WWW amended its credit agreement to give it a bit more headroom on its leverage covenant, S&P Global changed its outlook to negative from stable, warning that an elevated debt to EBITDA ratio could persist. Lululemon Lays off 100 from Mirror Group
The staff cuts came from its Lululemon Studio business, which includes the Mirror connected fitness device that LULU is currently trying to sell, as it pivots its digital offerings toward online workouts. Daniel Defense Bolsters Leadership Team
The firearms and accessories maker appointed three executives to its leadership team, all of whom will report directly to CEO Rod Reasen, who stepped into the role this Feb. 361 Degrees Sees Double-Digit Q2 Growth
The Chinese sportswear brand’s brick-and-mortar retail sales of core branded products increased low-teens in the second quarter compared to last year. Double Diamond Revives Legal Dispute with Crocs
CROX is being sued in CO district court by Double Diamond Distribution, accusing it of making knowingly false and defamatory statements about an earlier patent infringement settlement between Crocs, USA Dawgs and the plaintiff. Etcetera: Thule, SSU, Smith & Wesson, Under Armour, Rally House, Whoop, Puma, Nike, Journeys
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