In response toTrump Administration’s plans to implement a 25 percent tariff on imported Chinese goods, RILA said in a statement, “The Administration promised ‘maximum pain on China, minimum pain on American consumers’, but America’s families and farmers will be the ones hurt most by these tariffs.”
Author: SGB Media
NRF: Retailers Say Tariffs Against China Will Undermine Recent Economic Progress
In response to the new round of tariffs announced by the Trump Administration, NRF’s President and CEO Matthew Shay said, “These tariffs won’t reduce or eliminate China’s abusive trade practices, but they will strain the budgets of working families by raising consumer prices.”
OIA: Apparel, Footwear And Travel Goods Won’t Face Additional Tariffs This Time
In an e-mailed note to members, Rich Harper, manager of international trade at the Outdoor Industry Association (OIA), said the organization was pleased that apparel, footwear and travel goods were not included in the the retaliatory tariffs announced by President Trump on June 15.
Macy’s Appoints CTO
Macy’s Inc. announced that Naveen Krishna will be appointed chief technology officer. She was vice president of technology for The Home Depot.
Perry Ellis To Be Taken Private In $437 Million Deal
Perry Ellis International agreed to go private in a deal valued at $437 million, four months after George Feldenkreis, the founder and former executive chairman, made a bid for the apparel company.
Lululemon Supports Increased Access To Yoga And Meditation Through Donations
Lululemon Athletica announced that, on June 21, the company will donate 100 percent of profits from the company’s in-store and online sales to benefit non-profit groups that increase access to yoga and meditation for communities that face barriers to well-being.
Canada Goose Ramps Up Growth Targets Following Blowout Year
Crushing the company’s first year public, Canada Goose Inc. lifted the company’s growth targets for the next three years ahead while spelling out the company’s big expansion opportunities in China and DTC.
Aisle Talk Week of June 11
Top headlines from the active lifestyle industry you may have missed this week, including Eddie Bauer and PacSun combining under a new operating company.
Reports: Puma To Sign Marvin Bagley
Puma, marking the company’s return to performance basketball this year, has signed top NBA draft prospect Marvin Bagley III to a five-year endorsement deal.
Canada Goose’s Q4 Revenues More Than Double
Canada Goose Inc. reported net income of Canadian $6.6 million, or 7 cents a share, in the fourth quarter ended March 31, rebounding from a loss of C$23.3 million, or 23 cents, a year ago. Revenues catapulted 144 percent.
Canada Goose To Open Three New Stores In North America
Canada Goose Holdings Inc. announced the next phase of its global retail expansion, opening three stores this fall in Short Hills, NJ, Montréal, Quebec and Vancouver, British Columbia.
Dassault Systèmes Acquires Majority Stake In Centric Software
Dassault Systèmes announced that the company has entered into a definitive agreement to acquire a majority stake in Centric Software, a provider of product lifecycle management software solutions.
Cherokee Global Brands Updates Guidance After Q1 Loss, Sale Of Flip Flop Shops
Cherokee Global Brands reported a loss for the first quarter ended May 5 of $2.7 million, or 20 cents per share, missing analysts’ consensus estimates by 11 cents per share. The company’s revenue of $5.4 million beat estimates by $0.2 million.
Eddie Bauer Names Damien Huang President
Eddie Bauer announced that Damien Huang has been named president. Huang was most recently Eddie Bauer’s senior vice president of merchandising & design.
Otis Technology Appoints CEO
Otis Technology has appointed Larry Williams as chief executive officer, effective July 9.
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