Are EMS And Bob’s Stores Back On The Selling Block?
Seven months after emerging from bankruptcy proceedings, Bob’s Stores and Eastern Mountain Sports (EMS) are reportedly heading back to Chapter 11 proceedings and may have already found another buyer, Sports Direct International.
Under Armour’s Debt Ratings Cut To Junk Status
Said S&P analyst Mariola Borysiak, “We now believe the company will generate about 10 percent sales growth annually and margins will be in the 12 percent range, which results in leverage slightly below 3x.”
Pearl Izumi Sponsors Old Man Winter Bike Rally
The third annual Old Man Winter Rally will collect funds for Can’d Aid Foundation, a nonprofit aimed at rebuilding flood-damaged hiking and biking trails.
Skechers Re-Signs Joe Montana
The Hall of Fame quarterback will appear in a worldwide, multi-tiered TV, print and digital campaigns for Skechers men’s footwear through 2018.
Sports Direct Exploring Bankruptcy Bid For Bob’s, Eastern Mountain Sports
Sports Direct International Plc, the U.K.’s largest sporting goods chain, is in discussions to become the stalking horse bidder in a bankruptcy auction of Eastern Outfitters LLC, the parent of Bob’s Stores and Eastern Mountain Sports, according to Reuters.
Zumiez Sees 9.4 Percent Comp Gain In January
Based on slightly higher than expected sales, the action-sports retailer now expects fourth quarter 2016 earnings per share to be at or slightly above the high-end of it previous guidance range.
S&P Strips Under Armour Of Investment-Grade Rating
S&P wrote, “We now believe the company will generate about 10 percent sales growth annually and margins will be in the 12% range, which results in leverage slightly below 3.0x.”
Allied Feather & Down Teams Up With POW
The producer of down and feather insulation will donate 1 percent of the total sales from its HyperDry water-resistant down to POW, starting immediately.
BSN Sports Acquires Team Division Of Erie Sport Store
ESS, serving team and retail customers since 1951, is a leading distributor of team apparel and equipment in the Lake Erie region.
Dick’s To Open Second New York City Store
Dick’s Sporting Goods is planning to open a new location in Forest Hills in March.
2017 SIMA Awards Nominees Announced
In its fourteenth year, the SIMA Awards is the only awards program that gives the surf industry the opportunity to recognize their peers for their outstanding contributions to the industry.
Shawne Merriman Sues Under Armour For Trademark Infringement
Former NFL star and current businessman Shawne Merriman and his company, Lights Out Holdings, LLC, sued Under Armour for trademark infringement over the use of the “Lights Out” name.
Ugg Sponsors the 2017 Santa Barbara International Film Festival
Ugg will welcome over 90,000 people to its hometown of Santa Barbara, California this week as the presenting sponsor of the 32nd annual Santa Barbara International Film Festival (SBIFF).
Luke’s Locker Looks To Rebound In Bankruptcy Court
The company plans to reorganize in the near term around three locations in the Dallas/Fort Worth area. Company president Matt Lucas vowed to reestablish the Luke’s Locker franchise to support the North Texas running community.
Nike And Brooks Pace Luke’s Locker’s Unsecured Creditors List
Brooks, Nike, Asics and Saucony were among those left with the largest unpaid bills in the bankruptcy case of Luke’s Locker.
