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.
Cabela’s to Open Stores in New Mexico and Michigan
Cabela’s Inc. plans to expand its retail footprint with the opening of two new locations: Albuquerque, NM and Chesterfield Township, MI.
Sports Authority Strikes Deal with Lenders to Avoid All-Out Liquidation
Sports Authority negotiated a deal with lenders that will allow its liquidation sale process to continue. According to bankruptcy court documents, going-out-of-business (GOB) sales would have ended Friday without the agreement.
Why Was Canadian Tire’s CEO Ousted?
In a shocker, Canadian Tire, the parent of Sports Chek and one of the largest retailers in Canada, ousted its CEO, Michael Medline, less than two years on the job.
UPS to Expand Locker Program to 300 Locations
UPS is expanding its smart locker program from nine locations in Chicago to 300 locations nationwide to enable retailers to reach “e-commerce stranded” consumers, or those.
Sportsman’s Warehouse to Open Arizona Store
Sportsman’s Warehouse will celebrate the grand opening of its sixth retail location in Arizona and 69th nationwide on Saturday, July 16 in Prescott.
Amazon to Build KC Fulfillment Center
Amazon.com Inc. announced plans to open a “large-sized” fulfillment center in Kansas City, Kansas.
Amazon Prime Day Sales Up 50 Percent in US
Amazon said customer orders taken during second annual Prime Day July 12 surpassed Prime Day 2015 by more than 60 percent worldwide and more than 50 percent in the United States.
Europe’s Outdoor Product Sales Grew in 2015
Europe’s outdoor market grew by 2.1 percent in value and 1.7 percent in volume last year, according to research released by the European Outdoor Group (EOG) on the first day of the Outdoor Show in Friedrichshafen, Germany.
Canadian Tire Brings Back Stephen Wetmore as CEO
Canadian Tire, the parent of Sports Chek, appointed Stephen Wetmore as president and CEO, effective immediately. He succeeds Michael Medline who became president in 2013 and CEO in 2014.
Stanley Hires New Marketing Director
PMI’s Stanley brand gained a new Marketing Director with the hire of Lisa Wood.
Utah Taking Applications for Outdoor Rec Matching Grants
Utah began accepting applications for matching grants of up to $75,000 for infrastructure projects and youth programs that enhance outdoor recreation.
Spate Of Small Deals May Mark End Of M&A Boom
A spate of small acquisitions in recent weeks could mark the last gasps, rather than a resurgence, of a four-year boom in mergers and acquisitions in the global sporting goods industry, according to one investment banker.
Total Hockey Seeks Sale In Bankruptcy Court
Total Hockey filed for Chapter 11 bankruptcy petition and is looking for a buyer.
Sports Authority Settles Consignment Vendor Claims
Sports Authority reached an agreement that will allow it to sell pre-bankruptcy goods bought on consignment as part of its ongoing liquidation efforts.
