SGB Apparel

Eastern Outfitters Faces Objections Over Sports Direct Bid

In defending the stalking horse bid, Eastern Outfitter’s lawyers noted that the alternative to accepting Sports Direct’s proposal was a liquidation. Indeed, the retailer said it was “fully prepared” to liquidate ten days before the bankruptcy petition date.

Perry Ellis Sees Momentum In Golf And Nike Swim

George Feldenkreis, chairman, said the rash of department store closures “is a positive development in the long run, especially in light of the way in which retailers moving these days and the demographic implication of Generation Z, Generation Y versus Generation X.”