1 day ago · China Gets De Minimis Reprieve . De minimis exemptions for Chinese goods have been restored per a Friday executive order from President Trump, pending Commerce Department assurances that customs officials can handle a massive influx of products that would be subject to formal processing.

5 days ago · Peloton Raises Guidance as Loss Narrows . Net loss was reduced by 53% to $92.0 million in fiscal Q2 from $194.9 million last year on a revenue decline of 9% to $673.9 million from $743.6 million as the company’s turnaround efforts continued to stanch the bleeding on the P&L and balance sheet.

Oct 17, 2024 · Deloitte’s annual Holiday survey found that total average consumer spending for the season will jump 8% to $1,778 from $1,652 last year, which was a 14% increase over $1,455 in ‘22 and significantly higher than $1,496 in pre-pandemic ‘19.

5 days ago · Skechers’ Record Year Overcomes China Headwinds . Net income increased 14% in the final quarter to $99,326,000 from $87,182,000 on 13% higher sales that came in at $2,212,416,000, up from $1,960,940,000 and would have been up 14% constant currency.

Sep 5, 2024 · Net income was up 16% to $22,573,000 from $19,441,000 on revenue that improved 13% to a quarterly record $332,696,000 over $294,615,000 for the second quarter ended Aug. 3, benefiting from a favorable calendar shift of about $20 million out of Q3.

Jan 28, 2025 · Firearms Trade Grows in September . Gun imports lagged throughout most of last year, but that trend was reversed in Sep., according to ITC data complied by the NSSF, as handgun imports improved 18% to 306,014 units, with pistols up 20% to 278,676 units and revolvers down 1% to 27,338 units.

6 days ago · Net loss contracted by 43% in the fiscal second quarter ended Dec. 29 to $11,392,000 from a loss of $19,846,000 a year ago, as revenues inched up 1% to $138,880,000 from $136,917,000. Reduced production volumes continue to keep gross margin below 1%, but Unifi benefitted from a $4.3 million gain on ...

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 ...

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 …

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.