November Retail Sales Increase 5 Percent

November retail sales were up 0.7 percent seasonally adjusted from October and increased 5 percent unadjusted year-over-year, completing the first half of the holiday shopping season with spending on track to easily meet the National Retail Federation’s forecast, NRF said.

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Genesco Agrees To Sell Lids To Fanzz

Genesco Inc. entered into a definitive agreement on the sale of the Lids Sports Group to FanzzLids Holdings, a holding company controlled and operated by affiliates of Ames Watson Capital, LLC. Ames Watson is the owner of Fanzz, a specialty retailer of officially licensed sports apparel. Fanatics Inc. will make a minority investment in FanzzLids Holding.

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Fanatics Forms Strategic Partnership With Jakprints

Fanatics Inc. and Jakprints Inc. announced a new five-year partnership deal that will allow Jakprints to support the domestic production needs of Fanatics. With this partnership Jakprints also announced the opening of a new 140,000-square-foot facility in Eastlake, OH, which includes a $7 million investment in state-of-the-art equipment and the creation of over 100 new jobs.

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IOC Announces Changes To Management Structure

The IOC is adapting its management structure. After 26 years as director of NOC Relations and of Olympic Solidarity, Pere Miró will henceforth focus exclusively on his role as deputy director general for relations with the Olympic Movement.

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