Unsecured Creditors Urge Rejection Of Payless Confirmation Plan
In urging a Missouri bankruptcy court to deny approval of Payless’ reorganization plan, the case’s unsecured creditors committee charged that Golden Gate Capital and Blum Capital Partners had “siphoned over $400 million out of the debtors” following the retailer’s 2012 IPO.
BSN Sports Acquires Salt Lake City-Based Academy Sports
Academy, serving team customers since 1991, is a leading distributor of team apparel and equipment in Utah.
Bass Pro Named To List of “America’s Most Reputable Companies”
Bass Pro Shops has been named one of “America’s Most Reputable Companies” by Forbes magazine in recognition of the public’s trust in the organization.
Study: About 2.2 Billion People Are Overweight Or Obese Worldwide
About 2.2 billion children and adults suffer from health problems related to being overweight or obese, and an increasing percentage of people die from these health conditions, according to a new study published in The New England Journal of Medicine.
Back-to-School Shopping To Grow 4.0 percent in 2017
U.S. retail sales during the back-to-school shopping season of July and August 2017 will grow 4.0 percent over 2016, according to eMarketer’s latest forecast. E-commerce for the back-to-school season are expected to grow 14.8 percent.
Adidas Partners With Arizona State To Reshape Sports
Adidas and Arizona State University announced the Adidas and Arizona State University Global Sport Alliance, a strategic partnership aimed at shaping the future of sport and amplifying sport’s positive impact on society.
The Conservation Alliance Responds To Call For Bears Ears Monument Boundary Revision
John Sterling, executive director, Conservation Alliance, wrote, “”It is hard to square Secretary Zinke’s recommendation with the fact that more than one million people commented in support of keeping the Bears Ears boundaries fully intact.”
Sports Direct Lifts Finish Line Stake
Sports Direct International, the U.K.’s largest sports goods retailer, lifted its stake in Finish Line to 18.9 percent from 17.4 percent previously.
Play It Again Sports Parent Launches Consulting Arm
Winmark Corp. announced the launch of Winmark Franchise Partners, a consultancy for entrepreneurs and management teams looking into franchising as a business growth strategy
Boa Expands Run Category
The creator of The Boa System formed a new brand partnership with Asics and debuted Boa-powered running shoes with New Balance and Under Armour.
Retail Imports Could Hit Record Rate Despite Slower Growth
The rate of import growth at the nation’s major retail container ports has begun to slow after double-digit surges earlier this year, but volume should nonetheless hit an all-time high by the end of the summer, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Michael Jordan Still Leads Shoe Deals
According to Forbes, Michael Jordan, the endorser that put Nike on the map, again ranked far ahead of other players in royalties from shoe deals. Jordan earned $110 million last year, according to the business magazine.
The North Face Honors Alex Honnold’s El Capitan Feat
In a full-page ad in The New York Times, The North Face honored Alex Honnold becoming the first person ever to climb without ropes or other safety gear the nearly 3,000-foot granite face known as El Capitan in California’s Yosemite National Park.
L.L. Bean Facility Briefly Evacuated After Bomb Threat
Last Thursday evening, about 200 employees were evacuated at an L.L. Bean manufacturing facility in Brunswick, ME due to a bomb threat.
Adidas Hosts Run For The Oceans
On Thursday night, Adidas and Parley for the Oceans invited their communities of runners, athletes, ocean ambassadors, environmentalists, artists, influencers and media to unite during their first ever Run For The Oceans in New York City.
