The National Retail Federation said the U.S. Supreme Court’s decision in favor of American Express rules that prevent retailers from encouraging the use of other credit cards with lower processing fees will perpetuate a system that costs merchants and consumers billions of dollars a year.
Author: sportsoneauthor
Fila Signs Björn Borg’s 15-Year-Old Son
Fila announced that the company has signed a sponsorship agreement with Leo Borg, son of tennis legend and Fila brand ambassador, Bjӧrn Borg. Earlier this year, Fila reignited the company’s partnership with Bjӧrn Borg, a relationship that dates back to 1975.
Retail Report Roundup – June 25
Studies arrived last week on the benefits to local retailers from community engagement, quality beating price as a purchase driver, apparel’s continuing appeal in malls, the benefits of perks over raises for workers, the stress of online shopping, and Fourth of July sales.
Alterra Adds Australia’s Thredbo To Ikon Pass
Alterra Mountain Co. has added Thredbo in New South Wales, Australia, to the Ikon Pass, bringing the pass total to more than 64,000 acres at 27 mountain destinations across the globe.
Trijicon To Acquire AmeriGlo
Trijicon Inc., the provider of aiming solutions for the hunting, shooting, military and law enforcement markets, announced that it has entered into an agreement to acquire AmeriGlo, a leading supplier of U.S. made night sights.
OIA Praises Supreme Court’s Ruling On Online Taxes
In a statement, the Outdoor Industry Association (OIA) said the Supreme Court’s ruling that states may collect sales tax on remote internet sales “helps level the playing field for specialty outdoor retailers.”
Nike Opens ‘Just Do It’ Pop Up In Los Angeles
Nike opened a “Just Do It” training center in Los Angeles. In short, the space brings all aspects of the Nike Training Club (NTC) app to life, including the five facets of training (movement, recovery, nutrition, mindfulness and sleep).
Puma Inks Sponsorship Deal With The Basketball Tournament
Puma and The Basketball Tournament (TBT), the $2 million, winner-take-all summer basketball event broadcast live on ESPN, announced a new multi-year partnership making Puma the exclusive footwear and apparel partner of TBT.
Mo Bamba Partners With Bombas On Charity Initiative
Mo Bamba, drafted sixth in the NBA Draft by the Orlando Magic, is teaming up with give-back sock brand Bombas.
NSGA Applauds Supreme Court Ending Sales Tax Loophole
The National Sporting Goods Association (NSGA) applauded the United States Supreme Court’s decision that will permit states to require out-of-state internet sellers to collect and remit the sales taxes that are due.
Nautilus Appoints Jay McGregor General Manager, North America Retail
Nautilus Inc. named Jay McGregor vice president, general manager, North America retail.
Academy Sports Sets Texas Openings
Academy Sports + Outdoors announce plans to open stores in Aliana and Mansfield in Texas.
Academy Sports Opens First Store In Winston-Salem
Academy Sports + Outdoors now has 12 stores throughout North Carolina.
REI Invests Over $600,000 In Rewilding Five U.S. Cities This Year
Five U.S. cities will see five urban and suburban areas transformed into areas for outdoor recreation, thanks in part to more than half a million dollars in grant funding from REI this year.
Retailers Cheer Supreme Court Ruling On Online Taxes
Specialty retailers in the active space – decimated over the years by consumers showrooming stores and then fetching lower prices online – stand to significantly benefit from the U.S. Supreme Court’s ruling that requires online retailers to collect sales taxes. Amy Roberts, executive director of Outdoor Industry Association (OIA), said, “The Supreme Court’s ruling is a huge win for the future of specialty outdoor retailers and will help ensure that all retailers compete on a level playing field.”
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