SGI News
6 days ago · Port Strike Averted with Tentative Deal . Negotiators for the International Longshoremen’s Association and United States Maritime Alliance have agreed to terms of a new six-year master contract less than a week before the union’s strike deadline would have hit East Coast and Gulf ports.
SGI News
1 day ago · Big 5 Sporting Goods Hit by Weather in Q4 . In a pre-release of final quarter results, BGFV said that sales fell 7% to $181.6 million from $196.3 million, largely due to weak winter products sales due to minimal snowfall and warmer-than-normal weather conditions.
SGI News
SFIA: Tariff Relief Unlikely, but De Minimis Reform is Coming . The trend of all talk and no action continues on Capitol Hill around GSP and MTB renewal, while bills are lining up to rein in abuse of de minimis shipments, SFIA Legal Task Force member David Cohen shared in the industry group’s “Tariff Relief in 2024: Lowering Cost of Getting Imported Goods to Market” webinar.
SGI News
Dec 5, 2023 · Net income dropped 77% to $10,205,000 in the third quarter from $45,171,000 on sales that were down 9% to $786,329,000 from $865,020,000, including total comps that declined 9.3%.
SGI News
Aug 30, 2024 · Iconix International and Hilco Merchant Resources jointly submitted the winning $38,740,000 bid for bankrupt Delta Apparel’s Salt Life brand and assets, with stalking horse FCM Saltwater Holdings the backup bidder.
SGI News
Top Stories from June . In the meantime, here are a few of our recent most-read stories on Nike earnings, retailers’ expansion plans, the industry’s Q1 scorecard, new execs at Under Armour, Academy and VF Corp., the De Minimus loophole and Rockport’s bankruptcy ...
SGI News
Top Stories from Recent Issues . In the meantime, here are a few of our recent most-read stories on Nike earnings, retailers’ expansion plans, the industry’s Q1 scorecard, JD Sports’ acquisition of Hibbett, and recent financial results of major ...
SGI News
Port Workers Strike Despite Last Minute Offer . The long-feared International Longshoremen’s Association strike is now underway at East and Gulf coast ports, setting up a 3- to 5-day backlog to recover from each day of a strike and adding another trade disruption to existing issues in the Red Sea and Panama Canal.
SGI News
Mar 5, 2024 · The post-pandemic home fitness crash has claimed another victim, as the former Nautilus filed for Chapter 11 protection in U.S. bankruptcy court in NJ, seeking approval of a $37.5 million asset sale agreement with WI-based Johnson Health Tech Retail, Inc., who will serve as the stalking horse bidder in an April auction.
SGI News
Industry Execs’ Optimism is Growing, SFIA Finds . Continued stickiness in participation is helping hold off macro clouds as the industry posted another year of 4% growth in 2023, matching the prior year on top of 2021’s 16% spike, according to the SFIA’s 2024 State of the Industry report.