Versa Capital Acquires Wet Seal’s Business

Versa Capital Management, LLC, the parent of Bob’s Stores, Eastern Mountain Sports and Sport Chalet, became the winning bidder in the auction for the business of The Wet Seal, Inc., a teen specialty retailer in reorganization proceedings…

Adidas Won’t Renew NBA Sponsorship

Adidas said it will not extend its deal as the official apparel sponsor of the NBA after the 2016-17 season. Adidas said in a statement, “While we have enjoyed a successful long-term relationship with the league, we continually review our partner agreemen

Lids Expands Inventory Reach

Lids Sports Group's upgraded inventory management system now provides consumers access to companywide inventory in retail stores as well as its centrally located distribution centers. In conjunction with this system upgrade, Lids launched an “Any Tea

Three Industry Veterans Join Two Ten Footwear Board

Two Ten Footwear Foundation announced that its board of directors elected three new members: Kevin Bailey, president of VF Action Sports and Vans; Joel Oblonsky, president, Lauren & Polo Footwear & Accessories; and Rob DeMartini, president and CEO of New

Hibbett Sports Q4 Comps Climb 5.4 Percent

Hibbett Sports Inc. reported earnings increased 18.1 percent in the fourth quarter to $19.9 million, or 79 cents a share, handily exceeding Wall Street's consensus estimate of 68 cents a share. Sales increased 9.9 percent, to $239.3 million. Comparab

Asics Finds a New Foundation to Grow

On Thursday evening, Asics America hosted a party to celebrate the grand opening of its splashy new headquarters in Irvine, CA. Kevin Wulff, Asics America’s president and CEO, said in an interview at the event that the new campus “means that we are