July 17, 2023
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.
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.
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.
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.
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.
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.