Retail Sales Climb in June
Retail sales (excluding automobiles, gasoline stations and restaurants) continued to grow in June and were up 5.1 percent year-over-year, the National Retail Federation said today. Retail sales rose 0.8 percent unadjusted over May, according to NRF’s calculations.
Texas Surf Park Ignored Stop Work Order
The company developing the 160-acre NLand Surf Park near Austin, Texas ignored an order to halt construction on the site last fall after failing to comply with state health codes, according to a lawsuit filed by Travis County Thursday.
By The Numbers, Week of July 11
A quick hit of the figures and facts coming out of the industry this week.
Amazon Kills It On Second Prime Day
Marking its biggest sales day ever, Amazon Inc. said customer orders taken during second annual Prime Day, July 12, surpassed Prime Day 2015 by more than 60 percent worldwide. Sales vaulted more than 50 percent in the U.S.
At Friedrichshafen 2016, Europeans See Uptick in Sales With a Few Uncertainties
While last season’s weak early winter (in Europe and in North America) and plenty of talk surrounding Brexit added some uncertainties for the outdoor industry across the pond, the general mood was optimistic.
UBS Global Survey Finds U.S. Athletic Slowdown Fears “Overblown”
A new consumer survey from UBS finds concerns about slowing athletic market growth in the U.S. are “overblown.”.
Olympia Sports Opens Doors in Londonderry, NH
Olympia Sports, a regional sporting goods retailer, opened its 22nd location in New Hampshire.
Superfeet Steps Into Shoe Category In 2017
Superfeet, a leading insole brand in the active lifestyle and outdoor markets, will debut its first-ever footwear for spring 2017.
G-Form Impact Protection Inks Finnish Soccer Deal
G-Form, a leader in athletic impact protection, and the Finnish Soccer Players’ Union have inked an agreement for G-Form to provide all professional Finnish players.
Finish Line Sets New Stock Buyback Plan
Finish Line authorized a new five million share repurchase plan. The new plan will commence upon completion of the current plan which has approximately 600,000 shares remaining.
Sports Authority’s Lender Deal Allows Liquidation to Continue
Sports Authority has negotiated a agreement with lenders that will allow its liquidation process to continue. According to a court documents, GOB sales would have ended Friday without the agreement…
Nike Adds Apparel, Accessories to MEAC Deal
Nike has entered into a multi-year agreement to become the official apparel, accessory and equipment brand of the the Mid-Eastern Athletic Conference until 2020.
Play It Again Sports Parent Sees Q2 Earnings Gain
Winmark Corp., the parent of Play It Again Sports, reported net income for the quarter ended June 25, 2016 of $5.4 million, or $1.25 per share, improving from income of $4.75 million, or $1.00, in the second quarter of 2015.
Retail Imports Rise for Back-To-School
Import cargo volume at the nation’s major retail container ports should see a small-but-significant increase this month as merchants stock up for the back-to-school season, then see a larger wave in late summer and fall for the holiday shopping season, according to the monthly Global Port Tracker report.
