The president revealed new levies on April 2 that stand to affect promo product pricing, sourcing, cash flow and sales.
Read MorePresident Trump Announces Sweeping New Baseline & ‘Reciprocal’ Import Tariffs
Author: Christopher Ruvo
Lederer-Led Firm Relaunches MyPromoPartner as Premium Square USA With Expanded Products, New Director
An investment firm headed by promo industry veteran Jeff Lederer acquired supplier MyPromoPartner when it also bought Counselor Top 40 distributor Myron and is now giving the supplier new life under Michael Reisbaum.
Read MoreSurf Brand Sues Lady Gaga for $100M+ Over ‘Mayhem’ Logo
Lost International said the pop star has infringed on its trademark by using the “Mayhem” mark in connection with her new album and related branded merchandise.
Read MoreCanadian Promo Pros React to Weakened Ties With the U.S., Uncertain Economic & Political Climate
Consumers are eschewing American goods and tightening purse strings in the midst of concern on several fronts – a shift that’s also being felt in promo.
Read MoreCintas Ends $5.3 Billion Acquisition Bid for UniFirst
The Counselor Top 40 distributor said it couldn’t hold substantive talks with UniFirst, a key competitor in the uniforms space, on what would have been its biggest acquisition ever.
Read MorePromoShop Names Josh Pospisil Director of Digital & E-Commerce Sales
The Counselor Top 40 distributor said Pospisil, who has worked for suppliers and another Top 40 firm while building a prominent social media presence in promo, will help drive growth.
Read MoreReports: Trump Could Narrow Reciprocal Tariff Focus; Public Hearings on $1M+ Port Fees Begin
Both the new tariffs that could be announced as early as April 2, as well as fees proposed on shipping companies that come to port in the U.S., stand to impact the promo products market.
Read MoreJudge Sends Masters’ Swag Swindler to the Slammer
Richard B. Globensky stole and then sold millions of dollars of exclusive merch and memorabilia from the Masters, one of golf’s four major tournaments, while working at Augusta National Golf Club.
Read MoreEducation Market Sales Resilient Despite Federal Funding Uncertainties
Distributors who sell to promo’s top market say looming funding cuts and potential budget constraints on colleges and universities haven’t dampened sales, though the long-term outlook remains unclear.
Read MoreClayton Kendall Invests in Concord Marketing Solutions, Forming Combined $100M Entity
Concord, an Illinois-based Counselor Best Place To Work, will operate as a division of Clayton Kendall, a private equity-backed merch firm.
Read More