SurfStitch Acquired By Alceon Group

SurfStitch has been acquired by Alceon Retail Holdco Pty Ltd, a specialist advisory, investment and capital solutions firm who also own EziBuy Limited, a New Zealand-based apparel and homewares retailer.

Play It Again Parent’s Q1 Profits Improve

Winmark Corp. the parent of Play It Again Sports, announced net income for the quarter ended March 31, 2018 of $6.96 million, or $1.69 a share, compared to net income of $5.6 million, or $1.25, in the first quarter of 2017.

Study: Nike Recognized For Rep

Nike ranked second among American’s Most Reputable Companies by the Reputation Institute, a leading research and advisory firm focused solely on corporate reputations. The US RepTrak rankings measure the public’s perception of companies based on seven dimensions: innovation, leadership, governance, citizenship, workplace, performance, and products.

Bon-Ton Stores To Shut Down

The Bon-Ton Stores Inc. announced that the department store chain would close down after a liquidator submitted the top bid at a two-day bankruptcy court auction.

Trump Backtracks On TPP Renewal

After floating the possibility on April 12 of rejoining the Trans-Pacific Partnership (TPP),  President Donald Trump wrote on Twitter late Tuesday that he didn’t think the deal was positive for the U.S. economy.