August 10, 2018 Nike Sued for Sex Discrimination
Former employees Kelly Cahill and Sara Johnston called Nike “a company where women are devalued and demeaned,” in a sex discrimination class action filed in Oregon District Court in Portland. Netshoes Posts Q2 Loss, Will Sell Mexican Ops
Net loss expanded to R$38.1 million ($10.6 mm) from a loss of R$35.2 million in the second quarter on a 3% revenue decline to R$449.8 million ($124.8 mm) from R$461.3 million. USA Dawgs Acquired Out Of Bankruptcy
Optimal Investment Group, a Sherman Oaks, CA-based private equity firm, paid $3,250,000 for the assets of the bankrupt footwear distributor. Retail Imports Set Records Ahead of Tariffs
Retail demand combined with the rush to get product into the U.S. before the imminent imposition of tariffs are driving a surge in imports, according to the NRF’s Global Port Tracker. Yue Yuen Sales Gains Continued in July
July sales at Yue Yuen increased 9.1% to $787,119,000 from $721,258,000, while Pou Sheng retail sales gained 22.2% to $239,206,000 for the month from $195,811,000. Lululemon Sues More Counterfeit Sellers
The company is suing another batch of websites and sellers on marketplaces iOffer, eBay, AliExpress, Alibaba, Amazon, Wish, and Dhgate, accusing them of offering counterfeit Lululemon apparel.
Harbor Freight is recalling about 25,000 electronic handgun safes because they can open without the use of a key or combination upon impact.
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