The newly re-introduced PHIT Act was on the discussion agenda, along with small business tax policy and credit card reform, for a National Sporting Goods Association fly-in to D.C. last week, when board members and staff met with 12 Senate offices and three members of the House.

Sales at Sumitomo Rubber’s sports division slipped 5% to ¥27,961 million ($183.5 mm) in the fourth quarter from ¥29,391 million, blamed on a decelerating global golf market.

Net loss narrowed at the diversified brand owner, retailer, and real estate company to HK$145,108,000 ($18.8 mm) for the fiscal year ended Dec. 31 from a loss of HK$213,966,000 on revenue that ticked up 1% to HK$307,561,000 ($39.9 mm) from HK$304,725,000.

The Hong Kong-based footwear maker's net income attributable to shareholders swung to a loss of $1,060,000 for the year against a profit of $451,000, on 3% lower revenues of $5,867,000 down from $6,039,000.

The custom headwear subsidiary of Imperial appointed Ryan Garrett as its new president.