NCTO CEO Testifies At USTR Hearing On Tariffs

National Council of Textile Organizations (NCTO) President and CEO Kim Glas is testifying at a public hearing on June 20 in support of the administration’s efforts to crack down on China’s abuse of intellectual property rights through the use of the Section 301 mechanism, while also calling on the administration to include finished apparel and home furnishings in any retaliatory tariffs against China.

American Outdoor Brands Blasts Past Guidance

American Outdoor Brands, the parent of Smith & Wesson, reported profits rose 6.7 percent in the fourth quarter ended April 30 on a 2.6 percent revenue gain. Earnings were well above and sales slightly above guidance.

The Topps Company Hires Head Of Partnerships

The Topps Company Inc., the maker of sports cards, entertainment and confectionery products, announced the hiring of Stephen Chriss as vice president, global head of partnerships & integrated marketing. Chriss will oversee key partner relationships and manage marketing activation strategies across Topps.

Bemis Associates Appoints President

Bemis Associates Inc., a maker of plastic film used for adhesives, selected Michael Johansen as its new president. The current CEO and president, Steve Howard, will step down from his role as president to focus his attention solely on the CEO responsibilities,

IDC: Earwear And Watches To Drive Wearables

The market for wearable devices is on track to reach global shipments of 222.9 million units in 2019, growing to 302.3 million units in 2023 with a compound annual growth rate (CAGR) of 7.9 percent, according to a new forecast from International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker. Behind that growth is the propagation of smartwatches and ear-worn devices, which will account for more than 70 percent of all wearable shipments by 2023.

CTA: China Tariffs Are Taxes On Consumers’ Favorite Tech

The Trump administration’s proposed 25 percent tariff on $300 billion in goods imported from China would increase the prices Americans pay for cell phones, laptops, tablets and video game consoles, according to a new study commissioned by the Consumer Technology Association (CTA). If the list 4 tariffs take effect, Americans will pay between $50 and $120 more apiece for many of their favorite technology products.

Council For Responsible Sport Encourages Endurance Events To Join UN Sports for Climate Action Initiative

Council for Responsible Sport announced Wednesday that the Bank of America Chicago Marathon, the Sacramento Running Association, the Credit Union Cherry Blossom Ten Mile Run, the U.S. Marine Corps Marathon, Rhode Races, and Grandma’s Marathon have become early signatories to the United Nations Framework Convention on Climate Change (UNFCCC) “Sports for Climate Action Initiative.”

Marmot’s Initiative Puts Sustainability At The Forefront

New packaging from Marmot starting in Spring 2020 will put sustainability front and center in the outdoor shopping experience. With the launch of its Sustainability Initiative, Marmot products will feature a transparent rating system that helps consumers understand the sustainability footprint of every product throughout the entire Marmot outerwear and sleeping bag lines.

Hibbett Sports Receives Nasdaq Notification Of Non-Compliance For Delayed Filing

Hibbett Sports Inc. announced Wednesday that, as expected, it received a standard notification letter dated June 19, 2019, from Nasdaq. The letter states that, as a result of not having timely filed its quarterly report on Form 10-Q for the period ended May 4, 2019, the company no longer complies with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the Securities and Exchange Commission.