March 29, 2024 Trump Tariffs Threaten Sporting Goods Industry... Again
Former President Donald Trump has now secured the GOP nomination, and has pledged to ramp up the trade war with China and extend it to other trading partners if re-elected, portending a financial hit to companies and consumers that would dwarf his first term’s tariffs. MAP Active Finishes the Year Strong
The largest sporting goods retailer in Indonesia saw results slow in the final quarter as net income attributable to shareholders inched down 5% to IDR 351,242 million ($22.5 mm) from IDR 371,672 million, despite 33% higher revenues of IDR 3,974,392 million ($254.4 mm) from IDR 2,978,170 million. Vista Outdoor’s Ammo Biz Sale Faces CFIUS Delays
VSTO and Czechoslovak Group said they have withdrawn and re-filed their joint voluntary notice to the Committee on Foreign Investment in the United States, to give the agency more time to conduct more diligence on CSG’s acquisition of The Kinetic Group. Augusta Sportswear and Founder Sport Rebrand under New Owner
Momentec Brands is the new corporate identity for the combined apparel companies, which were acquired by Platinum Equity earlier this year. Boardriders Plans More Layoffs
According to WARN notices filed in CA, Authentic Brands Group plans to lay off a further 357 Boardriders employees in the state, including 335 at its Mira Loma distribution center. National Park Visits Inch Higher in February
National Park recreational visits increased by 2% to 15,247,154 from 14,895,900 last month, while year-to-date visits are 3% lower at 27,649,175 down from 28,532,366. Adidas Prevails in NHL Jersey Suit Dismissal
A MI district court has dismissed without prejudice a proposed class action suit over Adidas selling lower quality NHL jerseys branded as authentic. Burton Scores Legal Victory over Koroyd
Following a 26-month legal battle in the ongoing dispute over a patent related to WaveCel technology, Burton said in a press release that a German court ruled that Koroyd’s patent no. EP 1694 152 B1 is invalid in Germany. Etcetera: Scheels, Authentic Brands Group, BKK Hooks
|