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Kan. store owner admits trafficking in fake goods
Kansas store owner pleads guilty to trafficking in counterfeit luxury goods
By Roxana Hegeman, Associated Press
23 hours ago
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A. Lange & Sohne Watches WICHITA, Kan. (AP) -- A Wichita store owner has admitted to trafficking in fake luxury items bearing designer labels such as Prada and Chanel.
Armani Watches Glenda Sue Morgan pleaded guilty Tuesday in federal court in Wichita to one count of trafficking in goods bearing counterfeit trademarks.
tag heuer watches Morgan and her business, The Fabulous Store LLC, were indicted in April on charges of conspiracy and trafficking. In exchange for Morgan's plea, prosecutors agreed to drop at sentencing the remaining charges against her and dismiss the indictment against the store.
Armani Watches Prosecutors allege Morgan, 55, sold handbags, wallets, sunglasses and jewelry bearing trademark designs and brand names that were not made by the companies.
Morgan's defense attorney, Sylvia Penner, did not immediately respond to a voice message left at her office or to an email from The Associated Press.
In April, two undercover agents bought about $500 worth of items at the store, including a fake Chanel bracelet and sunglasses, a pair of counterfeit Ugg boots as well as several purses bearing the counterfeited trademarks of Michael Kors, Coach, Luis Vuitton and Prada.
Investigators raided the store nearly two weeks later, seizing 400 replica items with a retail value of $14,000, according to a court document. The goods would have been worth $140,000 had the trademarks been genuine.
The store's business practices first came to light in 2009 after a postal carrier assigned to the store's route told the Department of Homeland Security the shop received about six to seven packages a month from China, according to a DHS affidavit. Agents eventually seized nearly 2,600 items that would have been valued at about $1.5 million had they been authentic.
Federal agents went to Morgan's Andover home in January 2011 and informed her of federal laws prohibiting the sale of counterfeit merchandise, according to the affidavit. At that time, Morgan agreed to abandon the seized items and was not charged.
But in March, agents acted on a tip that Morgan had resumed selling counterfeit goods, launching an undercover operation that led to the current federal indictment.
Sentencing is Jan. 17.
Morgan faces a fine of up to $2 million and up to 10 years imprisonment, although she is likely to receive far less, if any, prison time under federal sentencing guidelines. Prosecutors agreed in the plea deal to recommend a sentence at the low end of the guideline range, including a low-end monetary fine.
Her legal troubles will not be fully resolved with the end of the criminal case, however.
Coach filed a separate suit in May against the store, its owner and an employee for allegedly selling phony items bearing its brand name. That civil case is pending.
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Nike’s 2017 Objective: $36 Billion Revenue
By
Jayson Derrick
|
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October 20, 2013
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During  Nike's ( NYSE: NKE ) investor day, management provided a long term revenue forecast of achieving $36 billion in revenue by 2017.  This objective translates to a roughly 9% compounded annual growth rate based on Nike's $25.3 billion revenue in 2013.  The company is about to embark on an ambitious, yet realistic plan that presents investors a great opportunity to invest in a well-established company that is still experiencing growth.
Ralph Lauren Outlet Online Direct to consumer to drive growth and sales Nike is placing a strong emphasis on its direct to consumer, or DTC, growth channel. The segment includes items sold at Nike stores and online sales through www.nike.com. The company plans to improve its margin through increased DTC penetration and achieve $8 billion in sales by 2017, compared to $4.3 billion in 2013.
Polo Outlet Online DTC growth will drive higher-margin retail sales and enhance merchandising strategies and relationships with wholesale partners. Nike brick and mortar stores will serve as testing grounds for new products and merchandising initiatives.Results from these experiments will be shared with Nike's wholesale customers to further improve sales. This may sound confusing and irrational, but Nike selling its own products in its own stores actually helps sales at its major retail partners.  Nike's President of Brand Trevor Edwards had the following to  say  during a recent conference call:
Polo Outlet I think part of it is our strategy around our DTC, we clearly use DTC as an opportunity for us to really improve our assortments to make sure that we have the best lines. And so what we're able to do is really use it as a spearhead and so what you're seeing in our DTC doors is really great performance, because we have the right assortments coming through those doors. The more we learn, the more we then take those to our retail partners. And so what we've been seeing is our ability to drive a really integrated marketplace is really helping to drive these kinds of results. But obviously, we use our DTC as a lab, as it were and also is a way to ensure that we can get our premium products to the marketplace.
Polo Outlet Online Retailers such as Foot Locker ( NYSE: FT ) will benefit from Nike's long term forecast. Foot Locker will see increased sales from its store within a store, House of Hoops. House of Hoops predominantly features Nike products backed by NBA superstars such as Lebron James and Kevin Durant, and legendary superstar Michael Jordan's line of basketball shoes. While DTC is a higher growth and higher margin business for Nike, retailers like Foot Locker won't be left in the dark.  Nike's core strength is not in retail operations, as it leaves that aspect up to its partners.  
Polo Outlet Foot Locker is in the final stages of implementing a new allocation system that will boost inventory turns and lower markdowns, thus raising margins for 2014.  Investors can also look forward to the company's exposure and expansion within an improving European environment, as well as continued store remodeling, as factors to continue driving growth.
House of Hoops inside a Foot Locker location in Beverly Hills, California.  Source: sollecollector
Flyknit Flyknit is a tremendous long term growth opportunity that will naturally expand to other categories over time. The efficient production technology makes Flyknit a perfect platform for customization. Flyknit technology uses single fibers knitted together instead of traditional fabrics, thereby reducing waste by 80% when compared to a traditional Nike shoe. In the near term, the Flyknit Air Max will be introduced in January 2014 and likely be embraced even at a $200+ price tag. In 2015, an accessibly-priced Flyknit style will likely be introduced as the Flyknit technology becomes a material part of Nike's business. 
International growth Nike will focus on international sales, specifically from BRIC countries. Management believes that Russia is on the path to becoming a $1 billion market, while Brazil will reach the $1 billion mark by the end of fiscal 2015 according to plans laid out during its previous investor conference . By the 2016 Olympics, Brazil is expected to become Nike's third largest global market after China and the U.S.
China is an area of concern. Nike expects to fall short of the $4 billion revenue goal by 2015 which was announced at the previous analyst day. China was the only market that has seen sales decline in the previous quarter. Management remains confident in its ability to conquer the Chinese market and plans to "reset" its strategy, work through excess inventory, and rethink its publicity tours which include NBA superstars.
It will take more than just Kobe to turn things around in China.  Source: qz.com
Excels in the face of competition Nike is keenly aware of competitors, such as L ululemon Athletica  ( NASDAQ: LULU ) , that are entering its market. Historically, strong competitors have brought out the best in Nike, and there is no reason to believe that will not be the case in the coming years. Lululemon has plans to expand its men's clothing selection, which currently accounts for less than 10% of revenue, and plans to have men's stand-alone stores by 2016.
Lululumen is unlikely to succeed on a grand scale attracting men because the company will likely never be able to secure endorsements like those that enforce Nike's brand image. Nike has a roster of global athletes to promote its image, such as Cristiano Ronaldo, Wayne Rooney, Roger Federer, and Kobe Bryant.  Meanwhile, Lululemon is still shaking off the negative publicity it has received from its see-through pants blunder.  Additionally, studies have shown that fashion brands that appeal mainly to women have historically failed to transition their businesses to men.  Proof of this can be seen in the disaster that revolved around Uggs' transition to a men's line, despite an endorsement from NFL superstar Tom Brady.
Taking a second to compare some financials, Nike holds $6 billion in cash and investments, which is roughly 55% of Lululemon's total market cap of around $11 billion. With ample financial flexibility, Nike can continue to fend off competition for years to come.
Conclusion Nike has a strategic, cohesive plan that's driven by long term annual revenue and earnings-per-share growth. In the past 10 years, Nike has generated $16 billion in cumulative free cash flow and $15 billion of this was returned to shareholders through dividends and share repurchases. Investors can look forward to a continuation of these rewards, as well as a long term accumulation in share price as Nike embarks on its ambitious journey into the future.

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Jayson Derrick has no position in any stocks mentioned. The Motley Fool recommends Lululemon Athletica and Nike. The Motley Fool owns shares of Nike. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
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Partial closure of the bike path between Saint Helen's Island and Longueuil from September 10 to 16 Tue, 10 Sep, 2013 12:23 PM EDT

LONGUEUIL, QC, Sept. 10, 2013 /CNW Telbec/ - The Jacques Cartier and Champlain Bridges Incorporated (JCCBI) would like to advise bike path users that reduction work on the
bike path must be carried out over the next few days, from September
10  at  11 p.m. to September 16  at 5 a.m. This work is due to current
embankment stabilization work on the Longueuil side of the Jacques
Cartier Bridge's bike path.

This work will require the complete closure of the bike path between
Saint Helen's Island and Longueuil. A detour will be set up at Saint
Helen's Island, from which cyclists will be able to access the South
Shore via the sidewalk located on the east side of the bridge.

The current bike path slab at the St-Charles Street stairs will be
temporarily replaced by a wooden passage in order to reduce the weight
of the bike path and enable embankment reshaping operations to be
carried out. In order to reshape the embankment, it must be partially
demolished to provide the space necessary to build a retaining wall
that will definitively resolve movement issues.

The current closure of the St-Charles Street stairs has made this
preparatory work possible by limiting the weight currently supported by
the embankment, which has been weakened by the demolition work.

This delicate work requires the bike path to be lightened as much as
possible until the permanent retaining wall has been installed. Once
these operations and the reshaping of the embankment are completed, a
new paved surface will be installed where the temporary wooden passage
is located.

Remember that the south section of the bike path will be closed once
again this fall for approximately three weeks. This closure is required
to finalize the major work carried out on this section of the bike
path, enabling the street lamps to be removed and work on the bike path
to be completed. This work will be carried out according to projections
beyond September, but the exact date will be announced as soon as it is
determined.

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Cycle helmet:This vitally important piece of mountaineering equipment can protect the main from falling debris. It will likewise guard one against blobs and bruises if you should happen to be able to bang against a selection. This may in truth, be a vey important piece of mountaineering equipment you hold. Make guaranteed you put on your helmet previously purchasing thinking that it meets comfortably. UGG Nightfall Boots

Chalk:Rubbed against your hands, chalk just might help you grip gravel. Comes during powdered and ball style.

Chalk Travelling bag:Holds chalk together with attaches to the harness.

String:Rope has to be 10 or maybe 11 millimeters throughout diameter and also 50 to help 60 yards long and will stretch just a little under tension to shield a climber in the instance of a drop.

Belay Machine:This is needed to store a climber's string. It can help the belayer take care of the climber.

If you have in mind rock going up the but am not aware of the place to start, be for sure to local plumber. Not only do you have plenty connected with books accessible, but you will discover articles everywhere. It's fervently urged for you to take lessons with the experienced trainer. If you may be unsure on the proper apparatus, your driving instructor or experienced sales rep will assist you to with this kind of. It's preferable to pay extra cash to make certain safety than get truly injured and also worse once you don't really know what you're doing. . Other About Boot blog Boot About bootsmaster.com blog
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Day trading is the practice of buying and selling commodities over the course of one day to take into account fluctuations of prices over the course of trading. full lace wigs It can be practiced in all commodity markets, despite the fact it is most commonly associated with the trade of shares, and scrap metal is no exception to that. Generally speaking, the theory behind day trading is that by buying stocks early in the day and selling when prices start to rise, the trader can turn a quick profit and repeat the formula over and over again. But how exactly do you go about day trading in scrap metal, and how easy is it to realise a profit overall?Before even considering getting involved in day trading you need to think about what you want to achieve and how want to get there. Are you looking to make a living out of day trading? Its possible, but it will probably take time for you to learn the ropes, and it would certainly be unwise to give up your day job before youve got a proven track record of making money from your trade. Looking to make a bit of money on the side? Probably a more likely starting point for the beginner investor, and significantly more achievable initially than a full time goal. Secondly you need to consider how you want to go about trading whether you want to learn as you go the various tips and techniques for improving profitability, or whether youre prepared to dedicate time and effort to learning what goes on first in theory before putting your money on the line. Either way is just as practical, yet it may be better to ensure you know what youre doing first off if youre not prepared to lose any money. One of the most critical considerations that beginner investors overlook is portfolio diversification. Nine times out of ten, the beginner will invest all his days money in one material in the hope of making a profit sort of all or bust thinking. However, by spreading your investment across a number of different metals you can spread the risk associated with losses on one type of metal, and increase the likelihood of a profit overall from your days trading in scrap metal. Thats the importance of diversification dont put all your eggs in one basket. Day trading can be an exciting a fun hobby, yet it can also be a very profitable one if you take the time to find out what you need to know and learn from the rookie mistakes you will inevitably make. Dont set your sights too high initially just be prepared to get in there and turn a profit, with a view to building up some trading capital for making serious money later down the line with your scrap metal trading endeavours to supplement your current income or provide a steady revenue stream from full time or part time trading.
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byumbett, November 2, 2011
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