April 19, 2022 Chinese Brands Post Double-Digit Q1 Sales Gains
Li Ning and 361 Degrees Int’l, which only release full financials for the half- and full-year, provided sales updates for the first quarter of 2022. Under Armour Names Indian Distributor
Under Armour is revamping its Indian operations, moving to a distributor model from its current wholly-owned subsidiary, adding e-commerce operations in the country later this year, and planning for double-digit annual store openings. Vietnam Sets First Minimum Wage Increase in Two Years
Vietnamese officials announced a 6% minimum wage hike is set for July, pending final approval from the prime minister, in a bid to help fight pandemic impacts on workers. Clarus Expands Credit Facility
To help finance its never-ending prowl for “Super Fan” brands to acquire, CLAR expanded its senior secured credit facility to $300 million and added a $125 million term loan. Pulse Sports Sues over Boxing Glove Knockoffs
Pulse Sports, which does business as Sanabul Sports, is accusing Jayefo Sports of trade dress and trademark infringement, in a suit filed in E. VA federal court. Etcetera: Nike, Crocs, Adidas Rally House, Foot Locker, Lids, Reebok, REI, Lululemon
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