January 03, 2022 Holiday Finishes Strong with 9% Sales Growth
The final sales tally for this Holiday season was up 9% over the prior year and up 11% from 2019 levels, according to Mastercard SpendingPulse’s survey of sales across all forms of payment from Nov. 1 to Dec. 24. NFL, Fanatics Sued for Antitrust Violations
A merchandising business and a consumer threw the yellow flag on Fanatics, Inc., and the National Football League, which includes all 32 teams, with two federal antitrust claims filed in San Francisco, CA.
President Joe Biden has signed the Uyghur Forced Labor Prevention Act into law, banning the import of all goods from China’s Xinjiang region unless proved to be produced outside of forced labor conditions. Escalade Buys Brunswick Billiards from Life Fitness
ESCA is adding to its share of the billiards market with the iconic, 177-year-old Brunswick brand, which it is acquiring from KPS Capital Partners-backed Life Fitness for $32 million. Li & Fung Teams Up with Maersk
Li & Fung, the leading Hong Kong-based sourcing company, and Maersk, the world’s largest container shipping company, are forming a strategic partnership to offer global supply chain services. Report: Sports Direct Parent Bids for Footasylum
Frasers Group has filed an offer to buy Footasylum, according to The Sunday Times. GSM Outdoors Buys SOG Specialty Knives
Gridiron Capital-backed GSM has acquired another outdoor company, adding SOG Specialty Knives to its portfolio of hunting, shooting, and outdoor brands, capping a year of aggressive expansion in the space.
CLAR promoted company veteran Aaron J. Kuehne to the newly created position of chief operating officer, and hired Michael J. Yates as its new chief financial officer, succeeding Kuehne in that role. New Balance Faces Another “Made in USA” Class Action
Six consumers are suing New Balance in Massachusetts federal court, alleging the company’s use of the phrase “Made in USA” on its footwear does not accurately depict the product. Puma Signs Jorginho and Romeo Beckham
The Big Cat inked endorsement deals with Italy and Chelsea midfielder, Jorginho (alias Jorge Luiz Frello Filho), and Fort Lauderdale CF player, Romeo Beckham, son of soccer legend David Beckham.
Scott Fetzer Consumer Brands is recalling about 43,830 American Angler electric fish fillet knives because the trigger mechanism can become stuck in the “on” position.
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