The North Face announced a new global retail strategy, beginning with the opening of a new store in the historic SoHo neighborhood of Manhattan on Friday, August 9.
Through the refreshed retail strategy, the brand will transform its existing locations into basecamps for exploration, aiming to create a stronger connection with consumers and evolve The North Face retail environment to a space that feels more like the brand and less like a store.
Liberty Tax, Inc., the parent company of Liberty Tax Service and Buddy’s Home Furnishings, reached an agreement to acquire Vitamin Shoppe Inc. in an all-cash transaction valued at approximately $208 million.
Seattle Manufacturing Corporation is recalling its Kobah Ice Axes. The spike and/or head of the ice axe can detach from the handle during use, posing serious injury and fall hazards to the climber.
Record revenue in the second quarter couldn’t keep Camping World Holdings Inc.’s stock from nosediving Thursday. As investors saw the impact of margin pressures on the company’s revised full-year guidance, CWH shares dipped 28 percent in early morning trading before closing the day down $1.67, or 16.1 percent, to $8.71.
Sears, which emerged from bankruptcy earlier this year, announced plans to close five Kmart and 21 Sears stores.
Callaway Golf Co. on Thursday slightly raised guidance after announcing net sales growth of 13 percent in the second quarter of 2019 with record second quarter net sales of $447 million, which beat Wall Street estimates by $16.6 million.
In conjunction with The Dick’s Sporting Goods Foundation, The Lindsey Vonn Foundation (LVF) has established The Dick’s Foundation Sports Matter Scholarship for underprivileged youth athletes across the country.
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended August 3, 2019 decreased 0.5 percent.
Arc’teryx continued to expand in Japan with the recent opening of a brand store in Sapporo, the capital of Japan’s northern island, Hokkaido.
Imports at the nation’s major retail container ports are expected to continue at near-record levels this month and the remainder of the year despite a new round of tariffs on goods from China, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Adidas AG reported earnings rose 10 percent in the second quarter as sales expanded 4 percent on a currency-neutral basis. Currency-neutral sales increased 12 percent in Emerging Markets and 8 percent in Asia-Pacific, led by 14 percent growth in China. Revenues in North America increased 6 percent Adidas’ outlook was confirmed for the year.
Vista Outdoor Inc. reported first-quarter sales were down 7 percent on an organic basis, excluding results from the sale of its Eyewear brands. Adjusted EPS was a loss of 8 cents a share compared to break-even results in the prior-year quarter.
Canadian Tire Corp reported SportChek’s retail sales increased 3.0 percent in the second quarter as comparable sales grew 3.7 percent. On a consolidated basis, Canadian Tire’s comparable sales up 2.2 percent in the second quarter.
Barneys New York, which filed for bankruptcy Tuesday, secured new financing from Brigade Capital Management, LP and B. Riley Financial Inc. and has been given a deadline of October 24 to find a buyer to avoid liquidating.
Bear & Son Cutlery, manufacturer of premium made-in-the-USA knives, announced that Michael Mathews has been appointed national sales manager.
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