After the 2008 financial crisis and the recent Covid pandemic, the global sporting goods industry is forced once again to reinvent itself in view of the present trade war, declining consumer confidence and other challenges, including the emergence of new competitors.

U.S. and Chinese officials sat down Monday in a London parley to hash out mutual accusations of tampering with last month’s trade war truce terms in bids to gain leverage in the tariff negotiations.

Cargo imports at major container ports grew 10% in Apr. to 2.21 million Twenty-Foot Equivalent Units, as retailers ordered early to stay ahead of tariffs, according to the NRF and Hackett Associates’ Global Port Tracker report.

After initiating an offer last week to swap its own debt for Foot Locker’s, DKS made further preparations for its planned acquisition by obtaining a new $2 billion revolving credit agreement from Wells Fargo and other banks.