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Vestis Retail Posts May Operating Loss
Vestis Retail Group LLC incurred an operating loss of nearly $1 million on sales of $70.6 million in May, as costs continued to exceed gross profits at Bob's Stores and Eastern Mountain Sports, according to interim financial statements filed in Vestis' Chapter 11 bankruptcy proceeding...(6/30/2016)
Nike Sees North America Bouncing Back
Nike Inc. surprised some by reporting revenues were flat in North America for its fourth quarter ended May 31, impacted by tough year-ago comparisons due to last year’s West Coast port slowdown as well as the need to clean up excess inventories in the marketplace...(6/29/2016)
Finish Line to Launch New Store Design Next Month, While Closing Others
The Finish Line plans to remodel 50 to 60 Finish Line stores this year using a new store design that will debut in July, the CEO of its parent company said Friday...(6/24/2016)
Fleet Feet CEO on Specialty Run Glut, Omni-channel and 40 More Years
Fleet Feet Sports celebrated its 40th anniversary this week at its annual conference. Since opening its first store in Sacramento in 1976, the retailer has become one of the nation’s most successful franchisees, even ramping up its expansion efforts in recent years...(6/24/2016)
Incipio Expands Active-Lifestyle Reach with Skullcandy Acquisition
Incipio LLC, which makes everything from phone cases to smart plugs, reached an agreement to acquire Skullcandy Inc., best known for its stylish headphones, in a cash deal worth $177 million...(6/24/2016)
Modell's, Sports Direct Eyeing Bid for Bulk of Sports Authority's Leases
Modell's Sporting Goods and U.K.-based Sports Direct International PLC were identified by the Wall Street Journal Monday as the "bulk buyer" considering an 11th-hour bid for up to 200 Sport Authority store leases, intellectual property and e-commerce assets...
Golden Gate Capital On Course to Take Control of PacSun
With no bids for the business, Pacific Sunwear of California, Inc. (PacSun) cancelled its scheduled June 22 auction, paving the way for Golden Gate Capital to take ownership of the company.(6/21/2016)
Titleist, FootJoy Parent Bullish on Golf with IPO
While some retailers and vendors are reducing their exposure to the sport of golf, Acushnet Holdings Corp.’s IPO filing delivered one of the most bullish recent assessments around the growth prospects for the sport...