The Memphis-based discount chain Fred’s is closing 49 more stores. It’s the third round of closings since April and comes five weeks after “going out of business” liquidation sales began at 105 Fred’s stores and follows the decision to shutter 159 locations.
Author: SGB Media
NRF Warns USTR To Avoid Additional Tariffs
The National Retail Federation urged the Office of the U.S. Trade Representative to avoid 25 percent tariffs on $300 billion in Chinese goods and released a new study examining key product categories and the negative impact on American consumers.
NRF Senior Vice President of Government Relations David French said, “We support efforts to achieve better trade deals, but American consumers shouldn’t be caught in the crosshairs.”
Bear Archery Forms External Sales Group
Bear Archery announced the formation of Bear Archery Group, an external sales force housed within the Bear Archery organization consists of 13 top-tier sales representatives providing nationwide coverage to dealers, distributors, major retail chains and buy groups.
Cabela’s Distribution Center In Sidney Sold
MMP Enterprises Inc., based in Toronto, signed a purchase agreement to acquire the former Bass Pro Shops/Cabela’s distribution center at 3200 Rd 101 in Sidney, NE. The news comes nearly four months after the announcement from Bass Pro Shops that the distribution center would be closed in order to meet their two-day shipping initiative.
American Baitworks Acquires Snag Proof Lures
American Baitworks Co. has acquired Snag Proof Lures. The Snag Proof Lures brand will join Scum Frog under Southern Lure Co. – part of the American Baitworks Group of Companies.
Mountain Khakis Grows Product Team Again
Mountain Khakis announced two more additions to the product team: Jennifer Fernandez and Lisa Reinhart. Both based out of Charlotte, NC, Fernandez will take on the role of product line manager and Reinhart as senior development manager.
Dispatch From Denver: Outdoor Retailer Summer Market Takeaways
This year’s Outdoor Retailer Summer Market was marked by change, but the spirit of the outdoor world’s premier B2B extravaganza remained the same—uniting the industry tribe under one roof. SGB Executive digs into the business trends and themes culled from three days of walking the trade show floor. Here are our takeaways.
Aisle Talk Week Of June 17
Top headlines from the active lifestyle industry you may have missed this week, including the Oberalp Group, which owns Salewa, Dynafit, Pomoca and Wild Country, acquiring Evolv, the American climbing shoe brand, from BRS Outdoor Holdings, an investment platform of BRS & Co.
The Oberalp Group Acquires Climbing Shoe Brand Evolv
The Oberalp Group, which owns Salewa, Dynafit, Pomoca and Wild Country, has acquired Evolv, the American climbing shoe brand, from BRS Outdoor Holdings, an investment platform of BRS & Co.
SFIA To Testify Against China Tariffs
Bill Sells, SFIA’s senior vice president of government & public affairs, will testify on behalf of the sports & fitness industry on Tuesday, June 25, 2019. Sells plans to say, “We strongly oppose the proposed tariffs because they will disrupt our members’ business models, cause lasting economic harm to American sports companies, and result in higher prices paid by millions of American consumers.”
Winnebago Announces Several Key Leadership Updates
Winnebago Industries announced several important updates related to key leadership positions within the organization. In addition, the company is announcing the creation of a new Advanced Technology Group to enable stronger levels of product innovation in the future.
Zion Williamson’s Nike Sneakers Up For Auction
A pair of Zion Williamson’s Nike sneakers he wore as a college player at Duke University are being offered for sale in the Goldin Auctions 2019 Summer Auction beginning on July 8 at GoldinAuctions.com.
Mattel Announces Second Annual Global Day Of Play Across 30 Cities
Mattel Inc. announced its second annual Global Day of Play, a company-wide community service initiative that brings the power of play directly to children around the world. More than 1,000 Mattel employees in 30 cities across North America, Asia Pacific, Europe and Latin America will dedicate their time during events held throughout June.
Amazon Launches One-Stop Shop For College Students
Amazon unveiled its Off-to-College store, a destination for college shopping needs. Available on desktop and the Amazon App, students can browse a wide range of essentials with low prices for their dorm, classes and extracurricular activities in one place.
Tillys’ Men’s Buyer Joins Rue21
Rue21 appointed Michael Cingolani, formerly division merchandising manager for men’s and boys apparel at Tillys, as its vice president of guys merchandising.
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