Maurice Sporting Goods said Middleton Partners has been deemed the successful bidder for the company as part of its bankruptcy process.
Category: Apparel
Poll: National Park Fee Hikes Likely To Reduce Visits
A survey commissioned by Outdoors Alliance for Kids (OAK) found that 64 percent of Americans would be less likely to visit a national park if fees were increased.
Amer Sports To Take Write-Down Due To U.S. Tax Reform
Amer Sports said that because it has deferred tax assets of approximately $40 million in the U.S., the value of the company`s net deferred tax assets is expected to be reduced by approximately $13 million due to the federal tax rate change.
Anta Unveils China Winter Olympic Uniforms
Anta Sports Products Limited announced that the launch ceremony of the PyeongChang 2018 award ceremony outfit for the Chinese Sports Delegation took place at the General Administration of Sport of China in Beijing.
Wall Street Reacts: Nike Q2
While some were dismayed that the North American marketplace recovery wasn’t more apparent, Wall Street was generally pleased with Nike’s better-than-expected second-quarter results.
Alphabroder Acquires Prime Line
Alphabroder, a leading North American distributor of imprintable sportswear and accessories and portfolio company of Littlejohn & Co., LLC, closed its acquisition of Prime Line, a leading manufacturer and supplier of promotional products for more than three decades.
WSJ Article Explores Under Armour CEO’s Outside Interests
A front page article in the Wall Street Journal on Tuesday explored investors’ concerns over Kevin Plank’s dual role as CEO and chairman of Under Armour and as head of his investment firm, Plank Industries.
Bass Pro Hints At Impending Layoffs At Cabela’s
In a letter to Cabela’s employees, Bass Pro Shops CEO Johnny Morris wrote that Cabela’s sales have been underperforming over the last few years and the overall company has been “under the weight of an extremely heavy corporate payroll.” The document also revealed a few details of the transition process as a result of the Bass Pro/Cabela’s merger.
Mastercard SpendingPulse: Retail Sales Grew 4.9 Percent This Holiday Season
Mastercard SpendingPulse reported that holiday sales increased 4.9 percent this year, setting a new record for dollars spent. The gain marked the largest year-over-year increase since 2011. Online shopping also saw large gains of 18.1 percent compared to 2016, boosted by a late season rally.
Amazon Boasts Of Strong Holiday Selling
Amazon indicated it saw significant gains in sales of Alexa-enabled devices as well as growth in Prime membership over the holiday season. Top sellers among active products include the Asics men’s GEL Venture 5 Running Shoe, Fitbit Charge 2, Titleist Pro V1 Golf Balls, Wilson NFL MVP Junior Football and Spalding NBA Street Basketball.
Iconix Logs Steep Q3 Loss
Iconix Brand Group, as expected, posted a steep loss in the third quarter due to an impairment charge and indicated it will likely not be able to repay its convertible notes due March 2018.
Nike Skips Christmas Day NBA Jerseys
Nike incurred the wrath of social media for not coming out with special uniforms on Christmas Day for the first time in five seasons.
Bass Pro Details Some Merger Transition Details
In an 11-page document to Cabela’s employees in Sidney, NE, Bass Pro Shops CEO Johnny Morris said Bass Pro is continuing to work on evaluating which jobs will stay in Sidney. But Bass Pro indicated Cabela’s information technology division, credit card operation and a “significant” portion of Cabela’s accounting department will remain in Nebraska.
Ex-Adidas Officials Seek Dismissals In College Bribery Case
Two former Adidas execs, James Gatto and Merl Code, and a former AAU coach, Christian Dawkins, have filed a motion to have charges against them related to the college basketball corruption dismissed, ESPN.com reports.
Implus Helps Elementary School Class Donate 1,000 Pairs Of Socks To The Homeless
Students at Join Muir Elementary School in Santa Monica with Implus’ help were able to give 1,000 pairs of Sof Sole black crew socks to homeless people in Santa Monica.
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