Lawyers for the plaintiffs in the slate of 24 lawsuits opposing Pres. Trump’s 10% Section 122 tariffs argued that the law was crafted for 1970s monetary issues and not applicable to current trade deficits during a hearing before the U.S. Court of International Trade.

Net income at the Japanese retailer swung to a loss of ¥173 million ($1.2 mm) in the fiscal first half ended Feb. 28 from ¥44 million last year, on 1% higher revenues of ¥29,005 million ($193.8 mm) up from ¥28,576 million.

The Chinese sportswear giant said retail sales of its core branded Anta products increased in the high single digits in the first quarter, across owned and franchisee brick-and-mortar stores and e-commerce, bouncing back from the low single-digit decline in Q4.

The Big Cat has created a new SVP of creative direction position and appointed former Adidas executive James Carnes to the role, effective immediately, reporting directly to chief brand officer Maria Valdes.

Mervin Manufacturing is being acquired by Spring Capital Group from Altamont Capital for undisclosed terms, as the snowboard maker aims to transition into a new era of growth and innovation.

The ratings agency assigned the rating to GG12 SpA, the entity owned by Chinese private equity firm HSG that is acquiring control of the Italian luxury sneaker brand, in a deal set to close this quarter.

After shareholders approved the move at last week’s annual meeting, the Czech gunmaker has dual-listed its shares on Euronext Amsterdam and will start trading there under the COLT ticker on Apr. 15.

Same-store adjusted sales for new firearms declined 11.9% last month, according to Gearfire’s RetailBI, and are down 8.2% year-to-date.

The TX Attorney General’s office is investigating LULU over the presence of “forever chemicals” in its apparel, suggesting that the brand’s marketing could be misleading to consumers.