Li Ning Sees Double-Digit Gains In 2016
Li Ning, founder and executive chairman of the Group, said, “Riding on the success we have achieved in profitability and brand rejuvenation, we will continue to focus on areas that can be sharpened further in order to maintain healthy and sustainable profit growth for the company in the future.”
Sportsman’s Warehouse’s Q4 Profits Slide 7.5 Percent
John Schaefer, chief executive officer, stated, “The retail environment remained challenging during the fourth quarter and we anniversaried both the San Bernardino tragedy and the executive orders from December and January which created a difficult comparison for our hunting and shooting category.
Sportsman’s Warehouse Appoints President And COO
Jon Barker was most recently as VP global officer for Walmart.
Macy’s Appoints Jeff Gennette CEO
As previously announced, Gennette succeeds Terry J. Lundgren, who will continue as executive chairman.
Shoe Carnival Posts Q4 Loss On Store Impairment Charge
“Our comparable stores sales performance was in-line with the updated expectations we provided in January and our gross profit margin came in better than we anticipated,” said Cliff Sifford, Shoe Carnival’s president and CEO.
Eastern Outfitters Faces Objections Over Sports Direct Bid
In defending the stalking horse bid, Eastern Outfitter’s lawyers noted that the alternative to accepting Sports Direct’s proposal was a liquidation. Indeed, the retailer said it was “fully prepared” to liquidate ten days before the bankruptcy petition date.
Luke’s Locker Wins Court Approval To Hire Restructuring Officer
Joseph Sullivan Associates (JSA) will help determine the optimal turnaround strategy, including a potential restructuring, refinancing and/or sale of assets.
Wiivv Launches Custom Fit Sandals Kickstarter
Wiivv launched a Kickstarter campaign for custom fit sandals, which are designed and 3-D printed to give the wearer biomechanical support.
Wolverine 1000 Mile Introduces Limited Edition Café Collection
Wolverine introduced the limited edition Wolverine 1000 Mile Café Collection available, inspired by Madcap Coffee in Grand Rapids, MI.
Ellen DeGeneres Footwear Debuts On QVC
The ED Ellen DeGeneres shoe line, launched in partnership with Camuto Group, is scheduled to debut on QVC Thursday.
NRF Predicts Later Easter Will Lead To Increased Spending
The NRF’s annual survey suggested that spending for Easter is expected to reach $18.4 billion, up 6 percent over last year’s record $17.3 billion and a new all-time high in the survey’s 14-year history.
Gander Mountain To Begin Liquidations On 32 Locations
Tiger Capital Group and Great American Group have been chosen to assist Gander Mountain in the closure of 32 under-performing locations across the United States.
Inov-8 Appoints Interim Canadian Exec
Inov-8 named Christian Triquet, formerly president of Merrell Canada, as interim executive of its Canadian branch extension of the North American subsidiary.
Report: Payless ShoeSource Close To Filing For Bankruptcy
Payless ShoeSource reportedly may seek bankruptcy court protection as soon as next week with plans to close as many as 500 stores.
Dick’s To Open Store In Encinitas, CA
This will be the retailer’s 687th Dick’s store in the nation and 50th in the state of California.
