October 13, 2023
Broad-based declines in sneakers, apparel and hardgoods for the second consecutive quarter sent total imports down 29.7% in Q2 to $5,614.7 million from $7,981.7 million, as vendors and retailers slashed orders in the face of lower demand and bulging inventories.
Kodama will take back the reins here as president and CEO of Asics North America, a role he previously held until he was recalled to Kobe as managing executive officer of the parent company in early 2021.
UA hired retail industry veteran, Shawn Curran as its new chief supply chain officer, reporting to CEO, Stephanie Linnartz, who has been re-staffing Under Dog’s C-suite with execs of her choosing.
Four consumers are suing Shimano, along with Specialized Bicycle Components and Trek Bicycle, in Central District of CA federal court, alleging the defendants failed to disclose the danger posed by defective cranksets in a timely manner.
IFit Health & Fitness has been accused of violating the U.S. International Trade Commission’s limited exclusion orders and cease and desist orders prohibiting them from importing certain bikes and ellipticals that infringe on Dish Technologies’ patents.