SGB Executive Footwear
Why Was Canadian Tire’s CEO Ousted?
In a shocker, Canadian Tire, the parent of Sports Chek and one of the largest retailers in Canada, ousted its CEO, Michael Medline, less than two years on the job.
Play It Again Sports Parent Sees Q2 Income Expand
Winmark Corp., the parent of Play It Again Sports, reported net income rose 13.7 percent for the quarter ended June 25, to $5.4 million, or $1.25 per share.
UFC Cashes Out
Heralded as the “largest deal ever in the history of sports,” UFC, the fast-growing professional mixed martial arts (MMA) organization, reached an agreement to be acquired by Hollywood mega-talent agency WME-IMG for $4 billion.
Total Hockey Seeks Sale In Bankruptcy Court
Total Hockey filed for Chapter 11 bankruptcy petition and is looking for a buyer.
Sports Direct Reports Disappointing Fiscal Year Results
Sports Direct International plc, which pulled its bid for hundreds of Sports Authority stores last month, reported margins flatlined at its sporting goods retailing segment in the fiscal year ended April 24 as sales slowed in the back half of the year.
Sports Authority Settles Consignment Vendor Claims
Sports Authority reached an agreement that will allow it to sell pre-bankruptcy goods bought on consignment as part of its ongoing liquidation efforts.
Nike Predicts North America Bounce Back
Nike Inc. surprised some investors by reporting lower-than-expected sales for its fiscal fourth quarter, ended May 31, despite barely beating expectations on earnings, as it was impacted in North America by tough year-ago comparisons due to last year’s West Coast port slowdown as well as the need to clean up excess inventories in the marketplace.
Fleet Feet CEO on Specialty Run Glut, Omni-channel and 40 More Years
Since opening its first store in Sacramento in 1976, Fleet Feet has become one of the nation’s most successful retail franchisees, even ramping up its expansion efforts in recent years. We sat down with CEO Jeff Phillips to see what’s ahead.
Finish Line to Launch New Store Design Next Month, While Closing Others
The Finish Line plans to remodel 50-60 Finish Line stores this year using a new store design that will debut in July, the CEO of its parent company said June 24.
Golden Gate Capital On Course to Take Control of PacSun
With no additional bids for the business, Pacific Sunwear of California, Inc. (PacSun) cancelled its scheduled June 22 auction, paving the way for Golden Gate Capital to take ownership of the company.
Amid Bankruptcies, Brands Flock Toward Specialty at Grassroots Show
With an expected excess of inventory to hit the active-lifestyle market following several high-profile, big-box retail bankruptcies in the space, brands at the Spring Grassroots Outdoor Alliance Show in Albuquerque, NM (June 13-17) were doubling down on their partnerships with these smaller, but more influential group of retailers.
Newell Brands to Divest $250-300 Million That Could Include Active-Lifestyle Brands
Newell Brands, which now owns more than 50 sporting goods and outdoor brands after its recent acquisition of Jarden Corp., announced this week it has plans to divest product lines with combined annual sales of $250-to-$300 million over the next two to three years.
Under Armour Designer Returns in Larger Industry Battle for Talent
Three months after leaving to take a job with Nike, Dave Dombrow, the mastermind behind the Curry 1, is coming home to Under Armour and getting a promotion.
Zumiez Q1 Comp Sales Fall 7.5 Percent as it Invests in Omni-channel Future
Zumiez Inc. reported fiscal first-quarter sales down 2.6 percent to $173 million and its same-store sales dropped 7.5 percent as the action-sports apparel retailer works to update its omni-channel strategies while admittedly facing a tough retail environment.
