February 04, 2019
San Antonio, TX, District Court Judge Karen Pozza denied without explanation Academy’s motion to dismiss a lawsuit filed by victims of the Sutherland Springs mass shooting that accused the retailer of negligence for selling a gun to the perpetrator.
While the company is taking steps to mitigate the effects of the Trump Administration’s tariffs on Chinese imports, it warned that those tariffs would have a $6-9 million impact on full-year profits.
Net loss narrowed to $1,149,000 from a loss of $9,952,000 in the fiscal first quarter ended Dec. 29 as a 250% jump in overall digital printing sales drove the top line 13% higher to $101,675,000 from $90,342,000.
Net income at the Japanese retailer was off 35% ¥3,657 million ($33.1 mm) from ¥5,648 million in the nine months ended Dec. 31 as revenues declined 1% to ¥174,301 million ($1,578.8 mm) from ¥176,614 million.
Nike’s Allah-soled Air Max 720 was forced to share the past week’s cultural opprobrium spotlight with Adidas’ “Celebrating Black Culture” colorway of the Ultraboost Uncaged, which had an all white upper and midsole.
SKX is asking the Central CA District Court for a declaratory judgment that it’s Goldie - Peaks shoe design, which features a solid side panel made up of four colored stripes, does not infringe on the Three Stripes mark.
Apalone, a Peoria, IL-based R&D company run by Dr. Steven Baldi, is suing Schutt parent Kranos Corp. alleging that the F7 line of football helmets is infringing on patent No. 8,938,817 for an external helmet cushioning system.