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DAC Expanding Presence in North America in 2018

DAC, a  leader in the engineering and production of high performance aluminum tent poles based in Incheon, Korea, announced it will be expanding its sales, product development, and marketing operations in North America. Outdoor industry veterans Michael Glavin, Paul Svrcek and Tom Mendl have been brought in to lead the effort.

Amer Sports To Take Write-Down Due To U.S. Tax Reform

Amer Sports said that because it has deferred tax assets of approximately $40 million in the U.S., the value of the company`s net deferred tax assets is expected to be reduced by approximately $13 million due to the federal tax rate change.

Nike’s North American Struggles Continue In Q2

With strong double-digit growth overseas, Nike Inc. reported second-quarter earnings and sales that topped Wall Street’s expectations but growth in North America decelerated further in the period. Nike officials further indicated that it will take one or two quarters for growth to resume in the region.