Duluth Holdings Inc., the parent of Duluth Trading, reported a wider loss in the third quarter but they were in line with expectations. Sales grew 27.4 percent.
Author: sportsoneauthor
Shopko Closing 39 Stores
Shopko confirmed that plans to close 39 of its 363 stores by the end of February. Bloomberg reported that the Wisconsin-based retailer was making preparations for a bankruptcy filing.
Amer Close To Signing Anta Merger Deal
Amer Sports is in final negotiations regarding a merger with a consortium led by China’s Anta Sports, according to reports from Reuters and Bloomberg.
Genesco Tops Wall Street Targets On Accelerating Comps
Genesco Inc. reported third-quarter earnings topped Wall Street’s consensus target as comps increased to their highest level in more than two years driven by the ongoing strength at Journeys and Johnston & Murphy. While still negative, sales trends at both Lids and Schuh continued to improve. The company narrowed its guidance for the year.
Buckle’s Comps Dip In November
The Buckle, Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended December 1, 2018 decreased 0.6 percent
VF Corp. Announces Name For Jeanswear Spinoff
VF Corporation announced that Kontoor Brands, Inc. will be the name of the independent, publicly traded company that will result from its previously announced separation of VF’s Jeanswear organization.
Global Golf Innovation Competition Announced For 2019 PGA Merchandise Show
The inaugural Global Golf Innovation Competition, a new “Shark Tank”-style of competition for golf startups, was announced Wednesday for the 2019 PGA Merchandise Show, in Orlando, FL.
VF Corp To Open London Office
VF Corporation will open a new office in the heart of London’s Soho next Spring to help fuel growth in the U.K. market.
Moody’s Assigns Debt Ratings To Callaway Golf’s Term Loan
Moody’s assigned a Ba3 rating to a proposed $480 million senior secured term loan will be used to fund the acquisition of Jack Wolfskin.
Mountain Khakis Promotes Victoria Payne To CFO
Mountain Khaki announced the recent promotion of Victoria Payne to CFO and vice president. Payne will lead all Mountain Khakis’ finance and operations activities.
Dolfin Swimwear Signs World Championship Medalist Zane Grothe
Dolfin Swimwear announced the signing of U.S. National Team member, World Championship medalist, and 2020 Olympic prospect Zane Grothe as an endorser.
Outdoor Retailer Shifts To Three-Day Shows For 2019
Outdoor Retailer on Wednesday announced that all three shows in 2019 will now span three days. Dates for Summer Market in June and Winter Market in November will be adjusted down from four days, while January’s Snow Show remains three days as scheduled. All three shows will be held at the Colorado Convention Center in Denver.
Marquee Brands Acquires Dakine
Marquee Brands LLC announced that it has acquired the Dakine brand and all related intellectual property. In conjunction with the acquisition, Marquee Brands has entered into a long-term license agreement with JR286, which has acquired the operating assets of Dakine and will become Marquee Brands’ long-term operating partner for the brand.
Dick’s Saw 62 Employees Quit Over Gun Policy Change
Sixty-two employees quit in protest over Dick’s Sporting Goods’ change in its gun policies earlier this year, Ed Stack, the retailer’s chairman and CEO, said at a Wall Street Journal conference Tuesday. The exits were fewer than anticipated.
Johnson Outdoors Names William D. Perez To Board
Johnson Outdoors Inc. announced the appointment of William D. Perez as an independent director effective December 4, 2018.
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