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.
Mammut Names New CEO
Oliver Pabst has been named to replace Rolf Schmid as the CEO of Switzerland’s Mammut Sports Group by the board of directors of Conzzeta AG.
Yeti IPO Would Replenish Cash After Big Dividend Payment
Yeti Holdings Inc. filed plans for an IPO, saying it needs capital to meet demand and replenish cash after paying a special dividend of $451.3 million.
Dick’s Sporting Goods Pushes Into California With TSA Lease Buys
Dick’s Sporting Goods will expand much more heavily into California, including its first store in Los Angeles, as part of its purchase of 31 Sports Authority (TSA) leases, according to an updated bankruptcy court filing.
NICS Background Checks Set For Record In 2016
Following the deadly terror attack in Orlando, firearms background checks conducted by the Federal Bureau of Investigation surged in June. The current year is now on pace to easily break 2015’s record for most checks in a year.
Adidas Group Finds A Buyer For Mitchell & Ness
Adidas AG completed the sale of Mitchell & Ness, the one-time leader of the retro jersey craze, to a newly formed entity primarily owned by Juggernaut Capital Partners.
With Sports Authority Trademark in hand, Dick’s Keeps Competition at Bay
In a move likely to make sure that its competition isn’t resurrected by a new owner, Dick’s Sporting Goods purchased the Sports Authority’s brand name and other intellectual property at bankruptcy auction.
A Peek at the Financials of EMS, Sport Chalet and Bob’s Stores
This week, we got a glimpse of Vestis Retail Group LLC’s books for May 2016, as the owner of Bob’s Stores, Eastern Mountain Sports and Sport Chalet reported back to the court as part of its reorganization, after filing for Chapter 11 bankruptcy protection in April.
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.
Whitewater, Surf Parks Face Scrutiny In Wake Of Fatal Amoeba Infection
The future of man-made whitewater and surf parks became murkier last week when health officials concluded the turbidity of water at the U.S. National Whitewater Center in Charlotte, NC inhibited the ability of its treatment system to kill pathogens. The 1,100-acre, non-profit, outdoor adventure park’s man-made whitewater rafting and paddling course remained closed for a […]
Obama’s Outdoor Rec Legacy Tempered by Court Rulings
The Obama Administration has been on an outdoor recreation kick of late. We ask industry leaders to look back and grade his legacy, from protecting the environment to pushing forward trade deals.
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.
Patagonia Opens New Front in Sustainability Arms Race
Patagonia said it will begin working with the Outdoor Industry Association (OIA), textile suppliers and appliance manufacturers to better understand the threat fleece and other synthetic apparel pose to the environment.
