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Tuesday 17 sepTember 2019
In this Aug. 18, 2013, file photo, from front left to right, Russia's
Mariya Savinova, Kenya's Eunice Jepkoech Sum, United States'
Alysia Johnson Montano and United States' Brenda Martinez
compete in the women's 800-meter final at the World Athletics
Championships in the Luzhniki stadium in Moscow, Russia.
Associated Press
- In this Saturday, March 2, 2019, file photo, Los Angeles Lakers forward LeBron James (23) controls Montaño to receive
the ball in the second half during an NBA basketball game against the Phoenix Suns in Phoenix.
Continued from Previous Page Patrick Fisk, president and U.S. and China come as medals she was
Until now, consumers were chief operating officer at many sports brands have
largely spared from higher Under Armour told CNBC been digging deeper into cheated out of at worlds
prices in Trump's previous last week. "We only have China where basketball is
round of import taxes. That 10 percent of what comes a massive business and the
has changed. Starting Sept. into the U.S. from China. NBA's fan base is exploding By The Associated Press up in the standings when
1, the U .S. government be- So the current state, we're through social media. American Alysia Montaño Russian Mariya Savinova
gan collecting 15 percent OK." The good news is that will receive bronze med- was disqualified for doping.
on $112 billion in Chinese Puma announced earlier American brands including als she was cheated out of Montaño has been an out-
imports, on a wide array this year a new multi-year Nike who sell there say busi- by a Russian who finished spoken voice for athletes
of merchandise including partnership that will make ness remains strong and ahead of her at the 2011 who get robbed of their
basketball jerseys, basket- the international sports they haven't seen consum- and 2013 world champion- moment on the podium.
ball shoes, basketballs and brand an official marketing ers in China pull back be- ships but was later disquali- On Instagram, Montaño
even hoops. Higher tariffs partner of the NBA. cause of the strain. fied for doping. thanked Russian whistle-
are set to hit another batch "Our sector in China has "We have not seen any Montaño said Monday blower Yulia Stepanova for
of Chinese products — been very strong. We've impact on our business to- on social media that she exposing the Russian dop-
$160 billion worth on Dec. been growing 15% every date and we continue to had been invited to world ing and said "athletes who
15 and include other sports quarter," says Puma U.S. see strong momentum as championships in Doha, were doping stole precious
products, according to the CEO Bjoern Gulden, noting we enter fiscal year 2020, " Qatar, where she'll receive moments and money from
American Apparel & Foot- it's the fastest growing mar- Mark G. Parker, chairman, the medals for the 800-me- clean athletes including
wear Association. ket ahead of the U.S. and CEO and president of Nike ter races in a ceremony on me, who never got the out-
President Trump tweeted Europe. told analysts during a con- Sept. 30. She finished fourth door podium moment that
Wednesday that planned But he added, "Tariffs and ference call following its fis- both years but was moved I earned."q
tariff increases on another trade wars are not good for cal fourth quarter earnings
$250 billion in Chinese im- the market. It carries uncer- in June. It reported revenue Allyson Felix named
ports, which would include tainty." growth in China up 21% this
layed until Oct. 15, from sourcing out of China over Nike says it produces about to U.S. 4x400 relay
sports bags, would be de-
Puma has been moving its past fiscal year.
Oct. 1. Tariff increases are the past two years and a quarter of its product in
set to go from 25% to 30%. now the country accounts China for the globe. How- pool for worlds
Many sporting goods com- for 20 percent of its over- ever, its exposure in terms
panies, including Adidas, all production. Still, Gulden of product produced in
Under Armour and Spauld- says costs are going up, China to North America is INDIANAPOLIS (AP) — temperatures during the
ing declined to comment and he's not sure whether "relatively modest." Decorated U.S. sprinter Al- event expected to hover
on how their business is be- the company will have to There's a silver lining for lyson Felix will be part of around 100 degrees Fahr-
ing affected by the China raise prices. sportswear makers to the 4x400 relay pool for the enheit (38 Celsius).
trade wars. But like many Gulden and others believe Trump's trade war with Chi- world championships as An 11-time world cham-
companies, sport brands that the top end of the na, however. she rounds into elite form pion, Felix won't compete
have been diversifying their market may be less vulner- Puma's Gulden says that after giving birth. in an individual event af-
sourcing away from China able than the lower end. the company is using the The American squad ter finishing sixth in the 400
to factories in Vietnam and For customers who buy same factories in China that bound for the world cham- at the U.S. championships
Bangladesh for the last sev- sneakers ranging from used to produce merchan- pionships in Doha, Qatar, two months ago. Her per-
eral years even before es- $150 to $250, an increase dise for the American mar- was announced Monday formance earned her a
calating tensions between may not hurt sales, but ket for the Chinese market. by USA Track & Field. place in the 4x400 relay
the U.S. and China. that could be a different Previously, factories outside It includes eight reigning pool as the Americans try
Under Armour has been story for customers who of China produced goods world champions and 55 to defend their title. The
working for several years to buy shoes in the $60 to $70 for China. Now, Puma can Olympians. The champion- 33-year-old Felix's race at
reduce sourcing in China. range, he said. stay on top of trends faster. ships run Sept. 27 to Oct. nationals was her first since
"With current tariffs, we Still, he says no one "has an "You are much quicker. No 6 at the air-conditioned giving birth to her daughter
actually are not being af- appetite for higher prices." duty. No freight, " Gulden Khalifa Stadium. That will last November during an
fected very much at all, " The tensions between the added.q come in handy with the emergency C-section.q