A slimmer gross margin hit the sneaker and sporting goods maker’s bottom line in the first quarter, with net income attributable to shareholders down 41% to TWD 674.0 million ($21.3 mm) from TWD 1,148.8 million, as sales slipped 7% to TWD 19,234.9 million ($606.8 mm) from TWD 20,722.8 million.

The relatively wrinkle-free period of the IEEPA tariff refund process may be coming to an end as the Justice Department indicated in a Friday court filing that it plans to appeal the U.S. Court of International Trade ruling that all companies that have levied tariffs are entitled to refunds, rather than just those who filed lawsuits.

ABC Mart has acquired all of Folder’s assets, including trademark and store operating rights, from E-Land World, expanding the multi-banner Japanese apparel and footwear retailer’s footprint in the South Korean market.

SanMar has inked an agreement to acquire the fashion apparel maker, which will remain an independent brand offered through authorized wholesale distributors.

The KMD Brands-owned rugged footwear brand added industry veterans Colin True and David Karstad to its senior leadership team.

CALY said it had completed paying off the remaining $163 million that was outstanding under its term loan B facility, using cash on hand.

Staff at the outdoor co-op’s San Diego, CA, store voted to join the United Food and Commercial Workers Union on May 29, making it the twelfth REI store to unionize and the largest in the country.