Retail sales were up 0.9 percent in July seasonally adjusted from June and up 5.6 percent unadjusted year-over-year, the National Retail Federation said Thursday. The numbers exclude automobile dealers, gasoline stations and restaurants.
Author: SGB Media
2019’s Best Cities For Soccer Fans
With the U.S. Open Cup final coming up at the end of August and the U.S. Women’s National Team having won the World Cup this year, WalletHub today released its report on 2019’s Best Cities for Soccer Fans as well as accompanying videos. To find the best places for loving— for many, the world’s favorite sport—WalletHub compared […]
Avenatti Files Motion Accusing Nike of Zion Payment
Lawyers for Michael Avenatti on Wednesday filed a motion in federal court alleging that an employee with Nike’s Elite Youth Basketball (EYBL) division authorized payments to former Duke star Zion Williamson and ex-Indiana star Romeo Langford when they were still in high school in February 2017.
FeraDyne Outdoors Appoints John Flanagan As CFO
FeraDyne Outdoors LLC has named John Flanagan as the company’s CFO. Flanagan has more than 25 years of experience in finance, operations and strategy, driving process improvements in both publicly traded and private companies.
Shimano North America Fishing Appoints Jim Lupinski Senior Sales Manager
Shimano North America Fishing Inc., a subsidiary of Shimano Inc., this week announced the appointment of Jim Lupinski as senior sales manager.
JCPenney Partners With ThredUp In New Business Model Expansion
J. C. Penney Co. Inc. on Thursday announced that 30 JCPenney stores will soon be offering a sought-after selection of secondhand women’s clothing and handbags from ThredUp, a consignment store featuring like-new styles from leading designers and brands.
Sportsman’s Warehouse Opening In Murfreesboro, TN
Sportsman’s Warehouse will hold the grand opening celebration of its new store in Murfreesboro, TN, August 22-24. The event will feature giveaways, vendor demonstrations and other activities.
JCPenney Announces Stacey Shively As SVP, GMM Home
J. C. Penney Co. Inc. on Thursday announced that Stacey Shively, a senior executive with nearly 25 years of retail merchandising experience, has been appointed to senior vice president, general merchandise manager for its home division, effective Sept. 9.
JCPenney Reaffirms Outlook Amid Narrowed Loss
J. C. Penney Co. Inc. on Thursday announced a net loss in its fiscal second quarter ended August 3 of $48 million, or a loss of 15 cents per share, which beat Wall Street’s expectations by 17 cents. The company, which reaffirmed its outlook for fiscal year 2019, narrowed its loss from the year-ago quarter of $101 million, or a loss of 32 cents per share.
Amer Sports Applies For Delisting Of Shares From Nasdaq Helsinki
Amer Sports Corp., after being acquired by Anta Sports, has applied for the termination of public trading in the company’s shares and for the delisting of Amer Sports’ shares from the official list of Nasdaq Helsinki Ltd.
Loot Crate Files For Bankruptcy, Agrees To Be Acquired
Loot Crate, a leader in fan subscription boxes, has filed for bankruptcy protection in order to execute a sales transaction.
Industry Veteran Tim Hanifin To Lead Ikor Sales Team
Ikor Labs, the Boulder-based producer of recovery-enhancing hemp oil/CBD (cannabidiol) products for endurance athletes, announced the addition of sales veteran Tim Hanifin as director of sales to their expanding team.
Skechers Expands Donations To Animal Welfare Organizations
Skechers announced that it has donated more than $4.23 million to animal welfare organizations through its Bobs for Dogs and Bobs for Cats collections.
Canada Goose Widens Loss But Also Expands Product Focus
Shares of Canada Goose Holdings Inc. didn’t take quite the nosedive Wednesday they suffered in May after the previous quarter’s softer profit outlook, but the company’s Q1 2020 performance—most notably margin decline and a widened loss—once again took a toll on its stock. CEO Dani Reiss shed some light on the reasons why in addition to what’s on the horizon for the brand.
Fanatics Partners With German Retailer SportScheck
Licensed sports merchandise company Fanatics has partnered with SportScheck, one of Germany’s leading sporting goods retailers, and signed a deal that will provide sports fans across Germany with access to the most comprehensive range of licensed sports merchandise available in the country.
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