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.
Luke’s Locker Wins Court Approval To Hire Restructuring Officer
Joseph Sullivan Associates (JSA) will help determine the optimal turnaround strategy, including a potential restructuring, refinancing and/or sale of assets.
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.”
NRF Predicts Later Easter Will Lead To Increased Spending
The NRF’s annual survey suggested that spending for Easter is expected to reach $18.4 billion, up 6 percent over last year’s record $17.3 billion and a new all-time high in the survey’s 14-year history.
Fjällräven Opens New Brand Center In Boston Metro
The Cambridge, MA store will carry a curated assortment of outerwear, apparel, backpacks, accessories and gear for men, women and kids.
Gander Mountain To Begin Liquidations On 32 Locations
Tiger Capital Group and Great American Group have been chosen to assist Gander Mountain in the closure of 32 under-performing locations across the United States.
Inov-8 Appoints Interim Canadian Exec
Inov-8 named Christian Triquet, formerly president of Merrell Canada, as interim executive of its Canadian branch extension of the North American subsidiary.
Varsity Brands Wins Supreme Court Copyright Case
The 6-2 ruling bolsters the legal protections for pictures and graphic designs.
Dick’s To Open Store In Encinitas, CA
This will be the retailer’s 687th Dick’s store in the nation and 50th in the state of California.
Camber Outdoors Conducts 2017 Workplace Survey
The survey runs March 22 – April 7 and will inform broad-based study of workplace experiences in the active-outdoor industries.
SFIA Celebrates Landmark 18th Annual National Health Through Fitness Day On Capitol Hill
This year a broad coalition of supporters, including celebrity athletes ranging from NFL pros to Olympians, held 100 meetings with more than 120 U.S. Senators and Representatives to discuss the importance of the PHIT Act.
Acushnet Q4 Boosted By Robust Golf Club Sales
While the bankruptcy and liquidation of Golfsmith impacted U.S. sales, Acushnet Holdings Corp. still managed to show a modest gain in sales in the fourth quarter while improving profitability.
The North Face Sponsors Adaptive Climbing Initiative
With a goal of making climbing gyms across the U.S. accessible to people with physical disabilities, Paradox Sports will provide gyms with instructor training and adaptive equipment.
Nike Grapples With Promotional North American Climate
Said Andy Campion, EVP and CFO, on the company’s third-quarter conference call with analysts, “Digital disruption and other dynamics are resulting in more aggressive promotional activity than we expected 90-days ago. So we are going to remain tight, with respect to the supply that we are putting into the North America market in the short-term.”
Nike Accelerates Efforts To Reach Digital Consumers
Said Mark Parker, president and CEO, “The consumer has decided digital isn’t a just part of the shopping experience. Digital is the foundation of it. This and other factors have shifted consumer patterns, especially in North America, impacting traffic, the economics of brick-and-mortar retail and is driving a more promotional environment in the near term.”
