October 12, 2023
The National Retail Federation sounded alarm bells on growing calls to strip China of its Permanent Normal Trade Relations status with a new study that found consumers would lose $31 billion in spending power, averaging $240 per household, from higher non-PNTR tariffs.
The Chinese sportswear giant said that retail sales of its core Anta brand increased high-single digits in the third quarter, lapping low-teens growth in Q3 last year.
The Swiss smart indoor bike maker has secured an undisclosed amount of third party debt funding to fuel its international expansion strategy, bring new products to market, and expand its digital offering.
The winning early stage company was founded by Orhan Basak Ajredinovski, and has developed an AI-based technology that autonomously records and live-streams video for youth and amateur sports.