Foot Locker Sets Capital Allocation Plans For 2017
Foot Locker raised its dividend payout, launched a new stock repurchase programs and slightly lowered its capital expenditure program in announcing its overall capital allocation plans for 2017.
GU Withdraws From OR, Adds Interbike To Debate
“GU will not attend any tradeshow, Interbike included, that moves to Utah while its public policy remains inimical to GU core values,” stated a company representative.
Gander Mountain Downplays Bankruptcy Speculation
Gander Mountain issued a statement noting that it had retained Houlihan Lokey as independent advisors as part of a review process, but also inferred the hiring wasn’t tied an imminent bankruptcy filing.
MC Sports Looks For Rebirth Amid Liquidation
In two diametrically opposed maneuvers, MC Sports is planning to quickly hold going-out-of-business sales at all its locations while also feverishly seeking a buyer or investor to avoid an all-out liquidation.
IOC Holds International Forum For Sports Integrity
The second edition of the IFSI took place today at the Olympic Museum in Lausanne, Switzerland, at the initiative of the International Olympic Committee.
VF Corp. Adds To Board Of Directors
The branded lifestyle apparel, footwear and accessories company elected Carol L. Roberts and Benno Dorer as board directors, effective February 14, 2017.
Gita Sporting Goods’ Sandy Nicholls To Retire
Gita announced today that Sandy Nicholls, who joined Gita in 1978 as the first employee of the then one-man operation, will retire February 24.
Orangetheory Partners With Augie’s Quest To Fight ALS
The company’s first national fundraiser, named the #IBurnForALS campaign, will take place from February 20 to March 5.
Suunto Names U.S. Endurance Community Manager
The producer of sports watches, dive computers and precision instruments, appointed Nat Harward as endurance community manager in the U.S.
Nike and Under Armour Top MC Sports Unsecured Creditors List
The list of the top 20 unsecured creditors of MC Sports reads like a who’s who of the sporting goods industry. The largest sums were owed to Nike, $3.81 million, and Under Armour, $2.45 million.
Plank Pens Open Letter Responding To Trump Backlash
In a full-page advertisement in The Baltimore Sun, Kevin Plank, Under Armour’s CEO, responded to the uproar the company has faced after his comments last week praising President Donald Trump.
NRF Sees Imports Picking Up
Imports at the nation’s major retail container ports are expected to increase 4.6 percent during the first half of 2017 over the same period last year as the nation’s economy improves and retail sales continue to grow, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
MC Sports Files For Bankruptcy
MC Sports, the Michigan-based sporting goods chain, filed for Chapter 11 bankruptcy Tuesday. The company is moving to hold liquidation sales at all of its 68 locations, but will use the reorganization to seek a rushed alternative funding or to find a buyer that might keep the stores open.
ComScore Reports 18 Percent Jump In Online Holiday Spending
Online buying on desktop computers grew 13 percent while mobile spending (smartphones and tablets) was up 45 percent.
Shimano Sees Earnings Drop In 2016
Sales in 2016 slid 14.7 percent to ¥323 billion, with a 17.4 percent slide in its Bicycle Components segment and 1.7 percent slip in its Fishing Tackle segment.
