The Office of the U.S. Trade Representative’s long-awaited four-year review of Section 301 tariffs has arrived along with consternation from various trade groups on the report’s recommendation to maintain existing duties while expanding them in certain manufacturing and technology sectors.

The parent of Daiwa fishing and golf’s loss expanded to ¥641 million ($4.3 mm) in the final fiscal quarter ended Mar. 31 from a loss of ¥445 million prior, as sales grew by 3% to ¥29,520 million ($199.1 mm) from ¥28,725 million.

Sumitomo Rubber’s sports division grew sales by 3% to a record high ¥36,708 million ($247.5 mm) from ¥35,468 million in the first quarter, but operating income slipped 23% to ¥4,225 million ($28.5 mm) from ¥5,459 million.

Mirroring their larger competitor, Giant Group, Merida Industry and Ideal Bike posted significant sales declines in the first quarter.

After paying a lavish $2.1 billion for the streetwear brand during the pandemic, VFC may be looking to offload Supreme, WWD first reported, and is working with Goldman Sachs to gauge interest.

Adjusted sales of sporting goods/hobby/book and music stores fell 4.7% year-over-year in Apr. to $8,238 million from $8,644 million, according to Commerce Dept. data, following a 3.9% drop in Mar.

The Eager Beavertons have settled all trademark infringement claims against By Kiy LLC and one of its owners and designers Nickwon Arvinger, according to a filing in So. NY district court.

The Patent Trial and Appeal Board has sided with the Lulunatics and cancelled claims made by two Nike patents related to fitness tracking technology.