November 17, 2023
Matching the year-over-year decline in Q2, third quarter sneaker, apparel and hardgoods imports tumbled 30.0% to $5,251.7 million from $7,501.4 million, with every category down double digits.
Thanksgiving Day through Cyber Monday is expected to see 182.0 million shoppers this year, up from 166.3 million last year and the highest total ever, according to the NRF and Prosper Insights & Analytics survey of shopping intentions.
Omorpho closed a $3 million funding round to expand its weighted fitness vest and apparel business, which uses steel ball bearing weights rather than the more common plates or bars.
Former Panini America employee Dulce Huerta, who is Mexican-American, accused the trading card company of race discrimination in a class action filed in N. TX district court.
In response to a lawsuit filed by the Eager Beavertons alleging SKX is infringing on its Flyknit patents, Skechers announced they will “vigorously defend” themselves, averring the suit is baseless.