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.
Baltimore Gets Behind-Security Airport Gym
Roam Fitness members will also have access to Lululemon clothes and Brooks Running shoes available for rent or purchase.
Report: Under Armour To Sponsor Real Madrid
Under Armour is reportedly in negotiations to replace Adidas as the kit provider for Real Madrid in what would rank as the highest-value sponsorship deal in the world.
Dick’s To Open Store In Cedar Park, TX
The retailer currently has three other Dick’s Sporting Goods locations in Austin.
OIA To Meet Utah Governor Herbert On Thursday
Amy Roberts, OIA’s executive director, along with a number of outdoor leaders will meet to ask the governor to stop all efforts to rescind the Bears Ears National Monument through executive order, to stop efforts to gut the Antiquities Act and “to support keeping our public lands public for all Americans to enjoy.”
Asics America Shows Some Stabilization In Q4
The company improved its profitability in the fourth quarter while lowering the rate of its sales decline versus recent quarters.
Hibbett Finishes 2016 With Q4 Shortfall
Wrapping up a rocky year for the sporting goods chain, Hibbett Sports Inc. warned it expects earnings to slump between 28 and 30 percent in the fourth quarter, well below guidance.
Dick’s Hikes Quarterly Dividend By 12 Percent
Dick’s Sporting Goods Inc.’s board of directors authorized and declared a quarterly dividend of 17 cents per share on the company’s common stock and class B common stock.
Adidas To Sponsor Rutgers University
Adidas said it reached an agreement to replace Nike as the outfitter of Rutgers University.
Baseball America Sold
An ownership group led by Alliance Baseball, LLC, completed its purchase of Baseball America, from TEN: The Enthusiast Network.
CF Athletic Partners With Cage Warriors
CF Athletic, the owner of the CF and Cagefighter MMA apparel brands based in Columbus, OH, formed an exclusive apparel partnership with Cage Warriors, the premier MMA fighting organization in Europe and the Middle East.
Cascade Designs To Attend Outdoor Retailer
In a statement, Cascade Designs, the Seattle-based manufacturer of outdoor gear including the Therm-a-Rest, Mountain Safety Research (MSR), SealLine, Platypus and PackTowl brands, said it “strongly believes that in coming together as a $646 billion dollar industry we will be a more powerful and meaningful force in protecting our nation’s public lands.”
The North Face Sticks With Outdoor Retailer Show
In a letter to the outdoor industry, Scott Baxter, group president, The North Face, said the best way to protect public lands is “by staying at the OR show at this time.” He added, “We must be louder and stronger than our opposition and that means everyone coming together. We can’t do that if we leave the OIA to fight on their own – with fewer resources.”
