SGB Executive Footwear
The International Council of Shopping Centers (ICSC) said its annual back-to-school survey predicts a robust BTS-selling season this year.
A quick hit of the figures and facts coming out of the industry this week.
An overview of the top news that came out this week.
Marking its biggest sales day ever, Amazon Inc. said customer orders taken during second annual Prime Day, July 12, surpassed Prime Day 2015 by more than 60 percent worldwide. Sales vaulted more than 50 percent in the U.S.
While last season’s weak early winter (in Europe and in North America) and plenty of talk surrounding Brexit added some uncertainties for the outdoor industry across the pond, the general mood was optimistic.
A new consumer survey from UBS finds concerns about slowing athletic market growth in the U.S. are “overblown.”.
Sports Authority negotiated a deal with lenders that will allow its liquidation sale process to continue. According to bankruptcy court documents, going-out-of-business (GOB) sales would have ended Friday without the agreement.
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.
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.
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 filed for Chapter 11 bankruptcy petition and is looking for a buyer.
The biggest news that broke this week.
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 reached an agreement that will allow it to sell pre-bankruptcy goods bought on consignment as part of its ongoing liquidation efforts.
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.