J.C. Penney has hired advisers to help it explore options to restructure its debt, according to a report from Reuters late Thursday.
Author: SGB Media
Accell Group’s Core Sales Climb 8.8 Percent In First Half
Accell Group N.V., the parent of Haibike, Koga, Batavus and Raleigh, reported sales in its core businesses in the first half were up 8.8 percent to €650.9 million. EBIT in its core businesses expanded 12.6 percent to €57.8 million.
Freemotion Appoints Sales Director For Europe
Freemotion, the commercial fitness manufacturer, has appointed Apostolos Seintis as sales director for Europe.
Decathlon To Open New Store in San Francisco
Decathlon announced that it will be opening another major brick and mortar store in the Bay Area, its third location in the U.S. The newest location be in the Potrero Center shopping mall at the corner of 16th Street and Bryant Street.
Thule Unveils Global Rollout Plans For Tepui
Thule Group AB’s $9.5 million acquisition of rooftop tent maker Tepui Outdoors Inc. last December gave the Swedish company quick entry into the booming category of overlanding without the time and energy needed to expand organically. Now that the integration is complete, Thule this week shed some additional light on the company’s global plans for its newest asset.
Skechers Earnings Surge In Q2
Skechers USA Inc. reported second-quarter earnings jumped 66.0 percent, easily ahead of Wall Street’s targets, as revenues gained 13.7 percent on a currency-neutral basis. The revenue gains were driven by increases of 19.8 percent in the company’s international business and 1.5 percent in its domestic business.
Amazon Prime Day Again Sets Records
Amazon’s annual two-day Prime Day sales event this week showed little signs of plateauing, besting the e-tail giant’s Black Friday and Cyber Monday sales of 2018 and becoming the largest shopping event in the company’s history. The event also paid off handsomely for other retailers tailoring campaigns tied to the event.
Puma Reported To Be Close To €300 Million Borussia Dortmund Deal
Puma is close to an agreement on a club-record, ten-year deal worth more than €300 million (US$336 million), according to SportBild.
And1 Restores Central City Park In New Orleans
And1’s national Paint the Park initiative, hosted by the footwear and apparel brand’s newest ambassador NBA Star Montrezl Harrell and fueled by Walmart has restored a popular community park in the Central City section of New Orleans.
Fleet Feet And Girls On The Run Announce SoleMates National Partnership
Fleet Feet has signed on as the official retail and sporting goods partner of SoleMates, a Girls on the Run (GOTR) program that empowers adults to achieve fitness and running-related goals while raising money, support, and awareness for Girls on the Run.
HanesBrands Earns Corporate Social Responsibility Award
HanesBrands, the parent of Hanes and Champion, has earned the CSR Footprint social impact award for supporting at-risk youth in El Salvador.
Varsity Brands Appoints Chief Technology Officer
Varsity Brands, the parent of BSN Sports, Varsity Spirit and Herff Jones, announced that it has accelerated its investment in a digital, technology-enabled future with the addition of Jaime Jaramillo as the company’s first chief technology officer.
Legends To Acquire MainGate
Legends announced the acquisition of MainGate LLC, the event retail and merchandise company. The MainGate team will become an integral part of the Legends hospitality division that manages other major sports brand retail and merchandise programs and e-commerce platforms.
Dick’s Sporting Goods Foundation Pledges To Increase Access To Sports
Dick’s Sporting Goods and The Dick’s Sporting Goods Foundation on Thursday announced at its Sports Matter panel event a pledge to provide access to sports for one million youth athletes over the next five years.
Nike Settles Racial Discrimination Lawsuit
Nike has settled a racial discrimination lawsuit initially filed in 2017 by a 15-year company veteran just before the case was heading for trial. Terms of the settlement were not disclosed. A Nike spokesman told Portland Business Journal that lawsuit was resolved to both parties’ satisfaction.”
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