SGB Update

J.C. Penney May Face Delisting

J.C. Penney said the New York Stock Exchange on August 6 notified the company that it is no longer in compliance with continued-listing criteria. Continued-listing requires an average closing share price of at least $1 for 30 straight trading days.

Study Finds America’s Monthly Tariff Bill Spikes To $6 Billion

New data released by Tariffs Hurt the Heartland shows American businesses and consumers paid $6 billion in tariffs in June 2019, one of the highest tariffed months in U.S. history and up 2.5 billion (74 percent) from the same month last year.

Foot Locker Unveils Washington Heights Community Power Store

Foot Locker announced the grand opening of its Washington Heights community-based Power Store. The store features a full suite of immersive capabilities for consumers to experience, including an activation space on the second floor. The 9,000 square foot store is also the first among Foot Locker stores to showcase Nike App at Retail digital technology.

The Running Event (TRE) Grows Leadership Team

The Running Event (TRE), the trade show in the running specialty industry that is produced by Diversified Communications, announced the appointment of corporate marketing and strategic development veteran Anne Gray as event director of TRE.

The North Face Unveils Global Retail Strategy With Opening Of New SoHo Location

The North Face announced a new global retail strategy, beginning with the opening of a new store in the historic SoHo neighborhood of Manhattan on Friday, August 9.

Through the refreshed retail strategy, the brand will transform its existing locations into basecamps for exploration, aiming to create a stronger connection with consumers and evolve The North Face retail environment to a space that feels more like the brand and less like a store.

The Vitamin Shoppe To Be Acquired By Liberty Tax

Liberty Tax, Inc., the parent company of Liberty Tax Service and Buddy’s Home Furnishings, reached an agreement to acquire Vitamin Shoppe Inc. in an all-cash transaction valued at approximately $208 million.

RECALL: Seattle Manufacturing Ice Axes

Seattle Manufacturing Corporation is recalling its Kobah Ice Axes. The spike and/or head of the ice axe can detach from the handle during use, posing serious injury and fall hazards to the climber.

Sears To Close 26 More Stores

Sears, which emerged from bankruptcy earlier this year, announced plans to close five Kmart and 21 Sears stores.

Callaway Raises Guidance On Strong Q2

Callaway Golf Co. on Thursday slightly raised guidance after announcing net sales growth of 13 percent in the second quarter of 2019 with record second quarter net sales of $447 million, which beat Wall Street estimates by $16.6 million.  

Dick’s SG Partners With Lindsey Vonn Foundation

In conjunction with The Dick’s Sporting Goods Foundation, The Lindsey Vonn Foundation (LVF) has established The Dick’s Foundation Sports Matter Scholarship for underprivileged youth athletes across the country.

The Buckle’s July Comps Dip

The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended August 3, 2019 decreased 0.5 percent.