Sears To Close 26 More Stores
Sears, which emerged from bankruptcy earlier this year, announced plans to close five Kmart and 21 Sears stores.
The Buckle’s July Comps Dip
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.
Adidas’ Q2 Currency-Neutral Sales Rose 4 Percent
Adidas AG reported earnings rose 10 percent in the second quarter as sales expanded 4 percent on a currency-neutral basis. Currency-neutral sales increased 12 percent in Emerging Markets and 8 percent in Asia-Pacific, led by 14 percent growth in China. Revenues in North America increased 6 percent Adidas’ outlook was confirmed for the year.
Barneys Has Until October 24 To Find Buyer And Avoid Liquidation
Barneys New York, which filed for bankruptcy Tuesday, secured new financing from Brigade Capital Management, LP and B. Riley Financial Inc. and has been given a deadline of October 24 to find a buyer to avoid liquidating.
Descente’s Q1 Revenues Slide 4.2 Percent
Descente Ltd. reported a sharp decline in profits in the first quarter ended June 30 as sales dipped 4.2 percent.
G-Form Appoints Glen Giovanucci As CEO
G-Form LLC, a leading sports protective gear brand, announced that Glen “Gava” Giovanucci will become chief executive officer of the company at the end of August. Giovanucci will be taking on this leadership role following a highly successful track record of driving significant growth across a diverse set of sporting goods brands. “I look forward […]
Unifi’s Q4 Profits Drop
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, and forecast volume and revenue growth and significant improvement in profitability for fiscal 2020.
Nike Signs Deal With The University Of Alaska Fairbanks
Nike signed a five-year deal to outfit the athletic teams of the University of Alaska Fairbanks. BSN Sports will supply the merchandise as part of the initiative.
Super Heroic To Develop Nerf Apparel And Footwear Line
Hasbro Inc. and Super Heroic Inc., the kids sneaker brand, announced a licensing agreement to bring Nerf-branded kids’ apparel and footwear to market this August. The line will be available at select Foot Locker and Kids Foot Locker stores.
Barneys New York Files For Bankruptcy Protection
Barneys New York filed for bankruptcy protection and announced plans to close 15 of its locations.
Trade War Escalates With Currency Manipulation Charges
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.
The North Face Announces 2019 Explore Fund Grant Recipients
The North Face announced the 2019 Explore Fund Grant recipients, welcoming a new class of 42 organizations enabling exploration for all.
JCPenney Appoints EVP Of Stores
J.C. Penney Company Inc. announced that James (Jim) DePaul has been named executive vice president of stores, effective August 5, reporting directly to Jill Soltau, chief executive officer.
Wacoal International Acquires Lively
Wacoal International Corporation, parent company of Wacoal America, Inc. and CW-X, announced the acquisition of Intimates Online, Inc., best known as the brand Lively.
Nike Extends Deal With National Women’s Soccer League
Nike and the National Women’s Soccer League (NWSL) have agreed to an extended partnership through 2022 in which Nike remains the league’s exclusive partner of uniforms, apparel and equipment.
