September 08, 2023
Decelerating to about half the growth rate of a year before, branded athletic footwear sales turned in a still impressive 14.0% gain to $94,831 million last year from $83,206 million, despite early supply constraints for most brands stemming from the Q3 ’21 Vietnam sneaker factory shutdowns.
Moody’s downgraded Big Foot’s corporate family rating to Ba2 from Ba1 while maintaining a negative outlook, following the retailer’s disappointing Q2 results and lowered guidance for the year.
The United States Trade Representative further extended 352 exclusions for Chinese imports that had been reinstated in Mar. 2022, now expiring on Dec. 31, 2023 instead of Sep. 30.
The Eager Beavertons have settled all trademark infringement claims with By Ilene, Inc. (dba Drip Creationz), according to a filing in Cen. CA district court.