Barneys New York, which filed for bankruptcy Tuesday, secured new financing from Brigade Capital Management, LP and B. Riley Financial Inc. and given a deadline of October 24 to find a buyer to avoid liquidating.
China allowed its currency to drop sharply on Monday to the weakest level in more than a decade, prompting the Trump administration to take the historic step of labeling China a currency manipulator.
Fox International, Europe’s largest privately-owned fishing tackle company, announced their agreement to be acquired by Lew’s Holdings Corp., a leader in the U.S. fishing equipment market.
Sequential Brands Group reported a loss in the second quarter as sales declined 20.2 percent.
The North Face announced a new global retail strategy beginning with the opening of a new store in New York City’s SoHo neighborhood August 9.
Liberty Tax Inc., the parent company of Liberty Tax Service and Buddy’s Home Furnishings, reached an agreement to acquire Vitamin Shoppe Inc. in an all-cash transaction valued at approximately $208 million.
Seattle Manufacturing Corp. is recalling its Kobah Ice Axes. The spike and/or head of the ice axe can detach from the handle during use, posing serious injury and fall hazards to the climber.
Sears, which emerged from bankruptcy earlier this year, announced plans to close five Kmart and 21 Sears stores.
In conjunction with The Dick’s Sporting Goods Foundation, the Lindsey Vonn Foundation (LVF) established The Dick’s Foundation Sports Matter Scholarship for underprivileged youth athletes in the U.S.
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended August 3, 2019, decreased 0.5 percent.
Arc’teryx continued to expand in Japan with the recent opening of a brand store in Sapporo, the capital of Japan’s northern island, Hokkaido.
Imports at the nation’s major retail container ports are expected to continue at near-record levels this month and the remainder of the year despite a new round of tariffs on goods from China, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Bear & Son Cutlery, a manufacturer of Made in the USA knives, announced that Michael Mathews has been appointed national sales manager.
FBI background checks for firearms, as adjusted by the NSSF, were up 1.1 percent in July to 830,579 compared to the July 2018 NSSF-adjusted NICS figure of 821,260.
Descente Ltd. reported a sharp decline in profits in the first quarter ended June 30 as sales dipped 4.2 percent.
BSN Sports, a division of Varsity Brands, announced that Mike Procopio, director of player development for the Dallas Mavericks and well-known coach in the professional basketball community—joined the company as a brand ambassador for the basketball division.
Pocket Outdoor Media, the holding company that owns VeloNews, Triathlete, Women’s Running, PodiumRunner, Bicycle Retailer, VeloPress, and VeloSwap, appointed Robin Thurston, co-founder of MapMyFitness, as CEO.
Equinox Group announced the development of a multi-brand digital platform offering fitness content from leading brands, including Equinox, SoulCycle, Precision Run and more, with personalized programming from top instructors. The initiative is being led by Jason LaRose, former president, North America at Under Armour.
Escalade Inc. reported a strong increase in profits in the second quarter on revenue growth of 14.3 percent. Outdoor categories fueled the sales gains.
G-Form LLC, a leading sports protective gear brand, announced that Glen “Gava” Giovanucci will become CEO of the company at the end of August.
Bozeman, MT-based pack company Mystery Ranch announced the company’s further expansion into international markets with new partnerships across Europe, Asia and the Middle East.
Accell Group N.V. reached an agreement with private equity firm Regent LP for the sale of the company’s U.S. business, including the worldwide registrations of the brands Diamondback, Redline and IZIP. Accell and Regent also agreed on an exclusive two-year U.S. distribution partnership for Accell’s international brands Raleigh, Haibike and Ghost.
VF Corp. appointed Jan Van Mossevelde as vice president and general manager of Icebreaker EMEA.
Orange Mud announced the company has moved its headquarters to Round Rock, TX.
Unifi Inc. reported sales and pre-tax profitability declined in the fourth quarter ended June 30 that were in-line with expectations. The fabric supplier showed sequential quarter improvement on profitability and cash flows, forecast volume and revenue growth and significant improvement in profitability for fiscal 2020.
Hylete, an online seller of fitness apparel and gear, filed with the SEC to raise up to $18 million in an initial public offering.
Weyco Group Inc. announced net sales for the second quarter were $60.5 million, down 1 percent compared to the second quarter 2018 net sales of $60.9 million. Bogs wholesale sales grew 48 percent in the period due to sales volume increases across most major distribution channels
Planet Fitness Inc. reported revenue for the second quarter of $181.7 million, up 29.3 percent from the year-ago quarter. System-wide same-store sales increased by 8.8 percent.
Nike Inc. acquired Celect, a leading retail predictive analytics and demand sensing firm based in Boston. Celect is Nike’s latest acquisition fueling the company’s Consumer Direct Offense strategy and serving consumers personally at a global scale. Financial terms of the deal were not disclosed.
The Conservation Alliance held its Backyard Collective event in Portland, OR on August 1 drawing 290 volunteers from 13 member companies, three conservation partners and one local nonprofit.
LeeMarc Industries, the parent company of Canari and Shebeest brands, announced a restructuring of the company’s sales team.
Nike signed a five-year deal to outfit the University of Alaska Fairbanks athletic teams. BSN Sports will supply the merchandise as part of the initiative.
Quality Bicycle Products signed a purchase agreement to acquire Barnett Bicycle Institute from the National Bicycle Dealers Association.
Skechers asked the U.S. District Court for the Central District of California to dismiss a trademark infringement suit without prejudice. The lawsuit involved one of the company’s styles which Adidas claimed infringes on its three-stripe trademark.
Pro-Tec Athletics appointed Carlos Serrano as the company’s director of sales.
Hasbro Inc. and Super Heroic Inc., the kids’ sneaker brands, announced a licensing agreement to bring Nerf-branded kids’ apparel and footwear to market this month. The line will be available at select Foot Locker and Kids Foot Locker stores.
Garmin announced a new partnership with golf legend and businessman Greg Norman to be the brand’s global ambassador.
Xtep, the China-based sports company, closed its acquisition of E-Land Footwear USA Holdings Inc., the owner of the K-Swiss, Palladium, Supra, PLDM and KR3W brands for $260 million.
The North Face announced the 2019 Explore Fund Grant recipients, welcoming a new class of 42 organizations enabling exploration for all.
Gaia Inc. reported a 32 percent increase in revenues in the second quarter, driven by 26 percent subscriber growth. Subscriber count increased to 582,200 as of June 29, 2019, from 463,200 on June 30, 2018.
Anytime Fitness announced plans to introduce more than 25 gyms in targeted areas throughout New York with a specific focus on the markets of Rochester and Buffalo.
In the works for more than two years, outdoor gear and apparel e-commerce retailer Backcountry Edge has rebranded and is now known as Enwild.
Topgolf Entertainment Group announced plans to open its latest Denver-area location in the suburb of Thornton on August 9. The venue is the company’s 56th location worldwide.
Full Stack Supply Co. (FSSC)—parent of Faction Skis and FW Apparel—announced two senior executives to FSSC’s North American team and the grand opening of the company’s new NA headquarters and showroom in Denver, CO.
Sportsman’s Warehouse Holdings Inc. appointed Phil Stevens as chief technology officer, effective August 5.
Amphipod appointed of Linda Glassel as vice president of marketing, athlete programs and brand engagement.
Outtech Inc. promoted Cody Barton to managing director for Academy Sports + Outdoors.
Dick’s Sporting Goods and The Dick’s Sporting Goods Foundation launched a national campaign aimed at providing access to sports for one million young athletes nationwide by 2024.
J.C. Penney Company Inc. announced that James DePaul has been named the executive vice president of stores, effective August 5.
Wacoal International Corporation, the parent company of Wacoal America Inc. and CW-X, announced the acquisition of Intimates Online Inc., best known as the brand Lively.
In a survey of over 30,000 consumers from Shopkick, 60 percent said they will adjust the retailers at which they shop if the impending tariffs go into effect.
StockX, the leading online marketplace for retro sneakers, fell victim to a data breach, allegedly exposing sensitive information of more than 6.8 million users worldwide.
Nike and the National Women’s Soccer League agreed to an extended partnership through 2022 in which Nike remains the league’s exclusive partner of uniforms, apparel and equipment.
Photo courtesy Barneys New York