Alps & Meters Expands North American Sales Team
Louis Joseph, the founder and president of Alps & Meters and Nick Robinson, North American commerce director, formed sales partnerships with Vagabonds LLC, Continuum Sales and Bell Sports Ltd.
Finish Line Suffers Big Q4 Miss
Finish Line reported fourth-quarter earnings excluding charges came in well below guidance as “the overall retail environment in February became increasingly difficult” and markdowns were required to reduce inventory levels.
REI Unveils Design For New Headquarters
Said Eric Artz, REI’s chief operating officer. “The Spring District gives us the opportunity to help build a neighborhood from the ground up and rethink how we work, commute and gather.”
Sportsman’s Warehouse’s Q4 Profits Slide 7.5 Percent
John Schaefer, chief executive officer, stated, “The retail environment remained challenging during the fourth quarter and we anniversaried both the San Bernardino tragedy and the executive orders from December and January which created a difficult comparison for our hunting and shooting category.
Sportsman’s Warehouse Appoints President And COO
Jon Barker was most recently as VP global officer for Walmart.
Macy’s Appoints Jeff Gennette CEO
As previously announced, Gennette succeeds Terry J. Lundgren, who will continue as executive chairman.
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.
