TJX Companies Inc., which continues to outperform its full-price rivals, wants Sierra Trading Post to become less promotional, President and CEO Ernie Herrman said May 17.
Author: Charlie Lunan
Intersport International Inc. Names Amer Sports Exec as Next CEO
Intersport International Inc. (IIC) named Amer Sports’ top marketing and retailing executive and West Point graduate Victor Duran as its first new CEO in 16 years.
Giant Reports U.S. IBD Glut Contributed to Lower Q1 Sales
Giant Inc. said a glut of some high-end bicycles in the United States and weak demand in China resulted in lower first quarter sales and profits and are likely to result in flat sales in 2016.
Sequential Buys Gaiam’s Consumer Branded Products
Sequential Brands Group, Inc. has agreed to acquire the branded consumer product business from Gaiam Inc. for a total purchase price of approximately $146 million in cash. As part of the transaction, Sequential will acquire Gaiam’s yoga, fitness and wellness product business – which includes the Gaiam and SPRI brands – with expansive distribution through […]
Big 5’s Q1 Stung by Retail Bankruptcies
Big 5 Sporting Goods reported going-out-of-business sales at Sports Authority and Sport Chalet caused its first quarter earnings to come in on the low side.
Black Diamond Cites Recalls in Higher Q1 Loss
Black Diamond Inc. said that despite strong North American demand for its gear, losses grew in the first quarter due to tough conditions in Europe and higher spending on quality control initiatives.
Coleman’s Plan to Repatriate Manufacturing Jobs Triggers Opposition
Segments of the U.S. textile industry are opposing the company’s effort to bring manufacturing jobs from Asia to a foreign trade zone in Minnesota.
Sports Direct Pledges to Pay Minimum Wage in 2016
Sports Direct International plc pledged to pay its directly employed UK employees and directly engaged casual workers above the National Minimum Wage starting Jan. 1, 2016. The U.K.’s largest sporting goods retailer estimated the cost in relation to these direct employees and casual workers and other related costs and knock on costs are likely to […]
Sports Direct Defends Labor Practices
The UK retailer defended its labor practices after The Guardian newspaper reported it effectively pays some warehouse workers less than minimum wage.
Intersport Austria Reports Fiscal 2015 Sales
Intersport Austria, which provides buying, marketing, supply chain and other services to all Intersport branded stores operating in Austria, Slovakia, the Czech Republic and Hungary, reported sales increased 6.5 percent in the fiscal year ended Sept. 30,
Italian Buying Group Joins Sports 2000 International
Sport 2000 International, the second largest buying group for sporting goods retailers in Europe, is expanding its network into Italy the accession of Sport Alliance International…
BEA Ups Q3 GDP Estimate On Stronger Inventory Data
Americans spent more on goods but less on clothing and footwear than initially thought in the third quarter, according to the government's second estimate of the country's gross domestic product for the period…
Boardworks Names New Sales Director, SoCal Rep
Boardworks named Andrew Valentine sales director and promoted Rick Gravesen to sales rep for Southern California…
Filson to Expand Seattle Manufacturing at Store Opening
Filson will open the doors Tuesday to its brand new flagship store and announce expansion of its manufacturing capability in Seattle's SODO industrial district…
UK’s SportPursuit Raises £9.5 Milion in Series C Round
SportPursuit.com, the flash sales website for premium outdoor and sports gear, has raised £9.5 million in a Series C funding round, according to Tech Crunch…
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