July 28, 2023
The Three Stripes will drop additional Yeezy inventory beginning on Aug. 2, in a phased release throughout the month, with a significant amount of the proceeds earmarked for organizations working to combat discrimination, racism and hate.
YY’s footwear manufacturing business slowed in the first half, leading the company to warn that first half profits are expected to fall 50% to 55% from last year’s $175 million net income.
Newell’s Outdoor & Recreation segment revenues fell by 22% (-21% CC) to $333 million from $427 million in the second quarter.
Vista Outdoor confirmed that Andrew Keegan, who is currently CFO, will retain that role for the Sporting Products company following its spin-off planned for later this year.
New Balance and BSN Sports are being sued by Steven Magee, the owner of the “Hooplife” trademark, in TX district court for infringement.
US-Xiner, a Chinese manufacturer, has refused to recall its Xinerter adult bicycle helmets that don’t comply with the CPSC’s positional stability and certification requirements.