June 09, 2017 Industry Profits Rise in Q1 on Strong Sneaker Results
Although four of the five sectors were negative, a strong gain in sneaker profits was able to offset declines elsewhere as industry profits rose 9% overall to $2,934.3 million from $2,682.7 million for the period on a 5% revenue gain to $40,378.7 million from $38,522.4 million. Sports Direct Ups Finish Line Stake to 19.9%, Also Targets Iconix
The U.K. chain continues to buy shares of Little Foot as it added another 1.5 million shares in two filings through Jun. 7 since its filing May 26. Bribery Scandal May Force Alpargatas Sale
J&F Investimentos, the Brazilian conglomerate that owns the majority of Alpargatas, may have to sell the company to enable a major shareholder to pay a reported R$11 billion ($3.37 billion) fine. Retail Imports Surged 11.3% in April
Imports hit 1.61 million TEU in April, but are expected to slow after several months of double-digit gains in the beginning of 2017, according to the monthly PortTracker study conducted by the NRF and Hackett Associates. CPSC Recall: GT Mountain Bikes
Cycling Sports Group is recalling about 1,240 GT Karakoram Sport, Karakoram Comp, Aggressor Sport, Aggressor Comp and Aggressor Expert bicycles because the handlebars can crack.
|