Colorado Pays $3.4 Million To Lure Outdoor Retailer
The state of Colorado will pay $1.7 million to Emerald Expositions to support the relocation of the Outdoor Retailer show from Salt Lake City to Denver. The funds match the $1.7 million offered from Visit Denver under an incentive package.
Sears Canada Liquidation Sales In Closing Stores Begin Friday
The announcement comes after Sears Canada obtained an Order from the Ontario Superior Court of Justice on Tuesday, July 18, 2017 to liquidate 54 stores.
Nike Announces Results Of The Active Schools Innovation Award
Through a joint effort with the National Elementary and Secondary School Sports Education Steering Committee and the China Education Development Foundation, Nike announced the results for Nike’s Active Schools Innovation Award Sunday evening at the Water Cube National Swimming Center in Beijing.
Hibbett Sees Q2 Loss On Steep Comp Decline
Hibbett Sports said that based on “very challenging sales trends”, comparable store sales are expected to decrease approximately 10 percent for the second quarter ending July 29.
VF Raises Outlook After Q2 Earnings Beat
VF Corp. reported earnings declined in the second quarter but exceeded expectations, prompting the parent of The North Face, Timberland and Vans to raise its guidance for the year.
Skechers’s Q2 Growth Heats Up
Skechers said it continues to be the leading walk, work and casual footwear brand and is second for the categories of all footwear and all casual athletic.
Aisle Talk, Week Of July 17
Top headlines from the active lifestyle industry you may have missed this week.
Academy Sports Lays Off 100 In Restructuring
The layoffs, which follow a similar round of layoffs at its largest competitor, Dick’s Sporting Goods, come as the company has “identified new areas of focus where our energy and dollars will make a real difference as we continue to write our strategic growth story.”
Pensole Adds Functional Apparel Design To Its Curriculum
Former Jordan Brand apparel design director Angela Medlin has been tapped to establish the new program.
Academy Undergoes Layoffs
Academy Sports + Outdoors has laid off approximately 100 employees from its corporate office in Katy, TX, according to an e-mailed statement.
The Buckle Appoints CFO
The Buckle Inc. appointed Thomas B. Heacock as the company’s vice president of finance, treasurer and chief financial officer.
Report: CCM Hockey To Be Sold To PE Firm
Adidas reached an agreement to sell CCM Hockey for approximately $100 million to Canadian private equity firm Birch Hill Equity Partners, according to the New York Post.
Sports Direct’s Profits Dragged Down By Weak Pound
On a conference call with analysts, Mike Ashley, CEO and owner, said the company is now expecting an improved U.K. performance at Sports Direct partly because the company had “smashed the ball out of the park” with its investment in more up-market flagship stores.
Skechers Q2 Beats Expectations
Skechers USA Inc. reported second-quarter sales handily exceeded expectations due to double-digit growth at its own retail stores and internationally. Earnings, however, came below targets.
HanesBrands Distribution Center Achieves 2017 Safety Milestone
HanesBrands, the parent of Hanes, Champion and Gear For Sports, announced that its Canterbury Distribution Center, located in Kings Mountain, NC, is one of 21 facilities in the state to achieve 2 million employee hours without injury during the first half of 2017.
