A Manhattan federal judge denied Michael Avenatti’s bid to dismiss the third count of an indictment accusing the embattled lawyer of trying to extort Nike Inc. over his alleged knowledge of basketball recruiting violations.
Category: Footwear
Dick’s Closes Location In Plainville, CT
Dick’s Sporting Goods has closed its location in Plainville in Connecticut.
The Buckle’s Comps Climb In December
The Buckle Inc. reported comparable store sales increased 5.0 percent in December. Overall sales increased 4.8 percent to $143.9 million from $137.4 million in the same period a year ago.
JCPenney’s Holiday Comps Sink
J. C. Penney Company Inc. announced that its comparable store sales for the combined nine-week period ending January 4, 2020 decreased 7.5 percent. The retailer reaffirmed its guidance for the year.
Kohl’s Holiday Comps Dip 0.2 Percent
Kohl’s Corp. reported that its comparable sales for fiscal November and December 2019 combined decreased 0.2 percent over the same period last year. The department store operator expects EPS to come in at the low-end of guidance.
Boardriders Announces Australia Bushfire Relief Efforts
Boardriders Inc., the parent of Billabong, Roxy, Quiksilver, DC Shoes, RVCA and Element, announced that it is launching a multi-prong relief effort to support communities impacted by the Australia bushfire crisis.
Macy’s Reports Slight Decline In Holiday Sales
Macy’s Inc. announced comparable sales results for the months of November and December 2019 were down 0.7 percent on an owned basis in the November/December holiday period. Said Jeff Gennette, chairman and CEO, “Macy’s, Inc.’s performance during the holiday season reflected a strong trend improvement from the third quarter.”
Macy’s Closing 15 Stores
Macy’s is closing at least 15 stores in early 2020, according to reports.
Brooks Running Extends Partnership With P3R
Brooks will continue to showcase their expertise as the official Apparel and Footwear Provider for all of P3R’s races, including (but not limited to) the Dick’s Sporting Goods Pittsburgh Marathon weekend of events, Fleet Feet Liberty Mile, EQT Pittsburgh 10 Miler, GAP Relay presented by UPMC Health Plan, and the FlyBy 5K presented by CNX Resources.
Under Armour Appoints Chief Accounting Officer
Under Armour hired a chief accounting officer accounting and corporate controller on November 25, three weeks after publicly confirming that its accounting practices are being investigated by the federal government, according to a report in the Baltimore Business Journal.
Reef Signs New EMEA Distributors
Reef Lifestyle, LLC announced it has entered into several new distribution agreements with leading footwear distributor partners across Europe, the Middle East and Africa (EMEA).
Snowsports Merchandising Corp. Celebrates 50th Anniversary
In 1970 eight ski retailers got together to form the Snowsports Merchandising Corporation (SMC), a buying group in the winter sports industry. In 2020, the SMC is proud to announce 50 years of servicing the specialty retail community.
360 Adventure Collective’s Winter Hardgood’s Show To Host 500 Brands
360 Adventure Collective, the 40-year-old member association for the active outdoor industry, heads to Providence, RI this month to host the New England Winter Expo.
Hudson’s Bay Agrees To Amended Take-Private Deal
Hudson’s Bay Company, the Canadian parent of Saks and Hudson Bay, agreed to an amended deal to be taken private for C$11 per share. The offer comes from an investor group led by the retailer’s chairman, Richard Baker, an increase from the group’s previous offer of C$10.30 per share.
Spartan Looks To Acquire Tough Mudder
Spartan Race announced the acquisition of an exclusive option to acquire Tough Mudder’s UK, Canadian, and German events. It’s the first step in an effort to bring together a complete merger of the two obstacle course race leaders.
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