Shopko Files For Bankruptcy
Shopko, the operator of general merchandise stores based in Green Bay, WI, filed for Chapter 11 in the District of Nebraska. The company is pursuing restructuring as a result of “excess debt and ongoing competitive pressures.”
Kathmandu Appoints Amy Beck As President Of Oboz/Kathmandu North America
Kathmandu Holdings Ltd. on Thursday announced the appointment of Amy Beck to the position of president, Obōz/Kathmandu North America, based at the company’s North American headquarters in Bozeman, MT.
Crocs Pivots To Growth Mode After Successful Repositioning
The transformation that Crocs Inc. began a few years ago has included everything from shuttering stores to adjusting its channel strategy to closing its company-owned manufacturing facilities. Those efforts to slash costs have paid off for the Niwot, CO-based footwear maker. After shedding $80 million in SG&A expenses in that timeframe, the company can now focus on the next leg of its journey—growth.
Aetrex Worldwide Announces Key Sales Appointments
Aetrex Worldwide Inc. has added two key sales executives to its growing global team. Jason Israel was appointed vice president of business development in the technology and orthotics division, and Renee Newman joins as the vice president of sales, strategic footwear accounts.
TeamSnap Tapped By Adidas To Power UK Football Coaches
TeamSnap and Adidas have formed a new partnership that will give UK football coaches, teams, players and parents free access to TeamSnap – the integrated sports management platform.
New Presenters Added To PTR International Tennis Symposium
Professional Tennis Registry (PTR) announced several new presenters have been added to the already stellar line up at PTR International Tennis Symposium. The Symposium will be held February 12-15, on Hilton Head Island, SC.
Salomon Partners With Aravaipa Running Team
Salomon announced its partnership with Aravaipa Running, the Arizona-based trail and ultra-running event organizer best known for iconic races like the Kendall Mountain Run and the Desert Solstice.
Sears Avoids Liquidation With Last-Minute Improved Bid
Sears’ largest shareholder and chairman, Eddie Lampert, won a bankruptcy auction for Sears Holdings Corp., keeping the legendary department store from shutting all its remaining stores.
Puma And Porsche Design Form Strategic Partnership
Puma and Porsche Design have entered into a strategic partnership to bring a new line of high-end sportswear, footwear and accessories to the market, starting in the Spring/Summer 2019 season.
Nordstrom Holiday Same-Store Sales Rise 1.3 Percent
Nordstrom, Inc. announced a comparable sales increase of 1.3 percent for the nine weeks ended January 5. Full-Price sales were below the company’s expectations due to weak traffic and the department store operator now expected fourth-quarter earnings at the lower end of guidance.
Dick’s Ed Stack Discusses Purposeful Leadership At NRF Big Show
At a session, “Company Conscience: Leading With Conviction,” at the NRF Big Show in New York City, Ed Stack, chairman and CEO at Dick’s Sporting Goods, discussed the retailer’s efforts to ensure a work/life balance for its employees and the retailer’s commitment to community that’s reflected both in its Sports Matter funding program and controversial decision to change its gun policy.
Companies Update Guidance In Advance Of ICR Conference
Late Friday afternoon and early Monday morning saw a host of preliminary sales and updated guidance releases from companies presenting at the ICR Conference, being held in Orlando, FL. Here’s a roundup of what retail and consumer brands announced over the last couple of days.
JCPenney Announces Executive Leadership Changes
J. C. Penney Co. Inc. on Monday announced a series of leadership actions taking place over the next few months that will assemble a cross-functional executive team that merges the talents and perspectives of new and existing industry leaders to focus on the needs of the value-based consumer and position the company for growth.
Sportsman’s Warehouse Appoints Martha Bejar To Board Of Directors
Sportsman’s Warehouse Holdings Inc. on Monday announced that Martha Bejar has been appointed to the company’s board of directors, effective February 3, 2019. Following her appointment, the board will include eight members.
Big 5 Sporting Goods Same Store Sales Up 1.1 Percent In Q4
Sporting goods retailer Big 5 Sporting Goods Corp. on Monday reported sales results for the fiscal 2018 fourth quarter and full year ended December 30, 2018.
