Big 5 Sporting Goods Corp. reported a loss of $5.1 million, or 24 cents a share, due to asset impairment and contract termination charges and lower margins. Same-store sales improved 1.1 percent in the period. The west-coast sporting goods chain predicted a profit against a loss in the first quarter.
Category: Apparel
NSGA’s Larry Weindruch Retires, Celebrating 33 Years Of Service
The National Sporting Goods Association (NSGA) announced that Director of Public Affairs Larry Weindruch, CAE is retiring effective March 1.
Anta Sports Delivers Another Year Of Double-Digit Growth
Anta Sports, which has reached an agreement to acquire Amer Sports, reported another year of significant sales and earnings gains in 2018. Sales jumped 44.4 percent and earnings climbed 42.9 percent.
Macy’s Earnings Top Guidance, To Cut 100 Jobs In Restructuring
Macy’s Inc. reported earnings on an adjusted basis dipped slightly in the fourth quarter but came ahead of updated guidance provided in early January. Macy’s also announced a restructuring plan that will will but 100 vice-president level or above roles, “to increase the speed of decision making.”
Fleet Feet Launches Rewards App
Fleet Feet announced the launch of its revamped customer rewards program in conjunction with a new app.
Downlite Appoints Chief Sales And Marketing Officer
Downlite, the manufacturer of down, feather and synthetic bedding products, and supplier of down to outdoor and apparel markets, appointed Lisa Pruett as chief sales and marketing officer.
Wilson Launches Team Shop Website
Wilson Sporting Goods has introduced a new Wilson Team Shop website that streamlines the process for coaches, parents and players ordering gear for the upcoming baseball and softball season.
Fila Announces Partnership With Tommy Haas
Fila announced that it has reached a sponsorship agreement with former World No. 2 ranked tennis star Tommy Haas.
Umbro To Sponsor Soccer Shots
Umbro has signed a multi-year deal to be the official apparel partner for Soccer Shots, an international franchise program that provides children ages two through eight with an age-appropriate soccer and character development experience.
Kathmandu Announces North American Sales Teams
Kathmandu, the New Zealand travel and adventure brand, announced new sales representation in the Pacific Northwest, Rockies, and Southwest by The Alta Group, Urban Outdoors, and Pacific Crest Trading accordingly.
Tariff Hike Postponed
On Sunday, President Donald Trump delayed the March 1 deadline to increase tariffs on Chinese goods, citing “substantial progress” during a week of trade talks in Washington, D.C. between U.S. and Chinese officials.
Retail Reports Roundup
Retail studies arrived over the last two weeks on the value of in-person customer service, in-app spending growth, mobile payments, virtual assistants, supply chain digitization and more…
QuintSoul Hires West Coast Sales Manager
Quintsoul, the swimwear brand, has appointed Maria Barnes as west coast sales manager.
MLB Players Association Releases Statement Supporting New Era Workers
The MLB Players Association (MLBPA) issued a statement on Thursday in support of workers at the soon-to-be-closed New Era plant in Derby, NY. New Era earlier this month reached an agreement with plant workers on comprehensive severance benefits ahead of the plant’s scheduled closure in March.
Fitch Downgrades Newell Brands To Junk Status
Fitch Ratings downgraded Newell Brands Inc.’s long-term issuer default rating to BB-plus from BBB-minus, lowering it to speculative-grade, or “junk” status, from investment grade.
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