Foot Locker Sets $10 Billion Goal for 2020

Coming off four consecutive years of record-breaking financial results, Foot Locker Inc. again hiked its bar with the release of goals for the five-year (2016 to 2020) period. Foot Locker President and CEO Richard Johnson said Foot Locker initially set i

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…

Black Diamond Shopping Brands in Wake of Strong Q4

Citing a strong fourth quarter performance and high valuations for premium outdoor brands, Black Diamond Inc. said Monday (March 16) that it had hired two investment banks to explore strategic options for its three brands…

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