July 18, 2023
The SFIA has thrown its support behind the most recent push for Generalized System of Preferences renewal as a circuitous means of relief from China tariffs, signing on to a letter from 66 lawmakers to House Ways and Means Chairman Jason Smith (R-MO) and Ranking Member Richard Neal (D-MA).
Adjusted sales of sporting goods/hobby/book and music stores inched down 1% in June to $8,494 million from $8,603 million, according to Commerce Dept. data, reversing a similar gain the month before.
The Chinese sportswear giant reported continued positive growth for its Q2 and H1 results, as Anta brand sales were up high-single digits, while Fila was up high-teens for the second quarter.
The Eager Beavertons were hit with a patent suit in MA district court by SherryWear and its founder and inventor Sherry Goff, accusing the Swoosh of infringing on eight patents related to sports bras with pockets.