Finish Line Shares Crash On Q4 Miss
Said CEO Sam Sato, “Elements of our offering didn’t resonate with our customers. This was true in both, running and basketball, our two largest categories where full price selling fell short of forecast.”
Finish Line Suffers Big Q4 Miss
Finish Line reported fourth-quarter earnings excluding charges came in well below guidance as “the overall retail environment in February became increasingly difficult” and markdowns were required to reduce inventory levels.
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.
Perry Ellis Sees Momentum In Golf And Nike Swim
George Feldenkreis, chairman, said the rash of department store closures “is a positive development in the long run, especially in light of the way in which retailers moving these days and the demographic implication of Generation Z, Generation Y versus Generation X.”
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.
Alex Rodriguez To Open UFC Gym Franchise
The former Major League Baseball star purchased the UFC Gym franchise located in Kendall, FL and secured developmental rights for additional gyms throughout Miami – Dade County.
Nomadix Partners With REI
The environmentally friendly active lifestyle and outdoor company has partnered with REI to bring eco-friendly towels to the outdoor and active lifestyle space.
United Sports Brands Canada Completes Transition To Subsidiary Model
United Sports Brands, the parent of Shock Doctor, McDavid, Cutters and Nathan, completed its transition in Canada from a distributor model to a subsidiary business structure.
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.
Varsity Brands Wins Supreme Court Copyright Case
The 6-2 ruling bolsters the legal protections for pictures and graphic designs.
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.
Dynatronics To Acquire Hausmann Industries
Dynatronics Corporation announced an agreement to acquire substantially all of the assets of Hausmann Industries, Inc., a manufacturer of branded, high quality physical therapy and athletic training products. The purchase price is approximately $10.0 million in cash.
Camber Outdoors Conducts 2017 Workplace Survey
The survey runs March 22 – April 7 and will inform broad-based study of workplace experiences in the active-outdoor industries.
SFIA Celebrates Landmark 18th Annual National Health Through Fitness Day On Capitol Hill
This year a broad coalition of supporters, including celebrity athletes ranging from NFL pros to Olympians, held 100 meetings with more than 120 U.S. Senators and Representatives to discuss the importance of the PHIT Act.
