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  Aug 21, 2014
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Today's Top Story:

Dick's SG Q2 Net Drops After Golf Restructuring Charges

Dick's Sporting Goods reported second-quarter earnings slid 17.5 percent but reached the high-end of its guidance. The quarter included pre-tax charges totaling $20.4 million related to the restructuring of its golf business. Consolidated same store sales increased 3.2 percent. Same store sales for Dick's SG chain increased 4.1 percent, while Golf Galaxy decreased 9.3 percent... Click for Full Story >>>

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Recognizing that a number of the best deals of the summer are still to come, some families have only scratched the surface of their back-to-school shopping lists as of mid-August. According to NRF’s latest Back-to-School/College Surveys, the average family with children in grades K-12 completed just half (49.9 percent) of their shopping by that time, down slightly from last year (52.1 percent)...(8/21/2014)

 

Crocs, Inc. announced that footwear industry and product merchant leader Michelle Poole has been appointed as its senior vice president of global merchandising. Prior to joining Crocs, Poole spent five years at Sperry Top-Sider, where she was most recently the company's senior vice president of product...(8/21/2014)

 

Puma said it intends to take a direct stake in Borussia Dortmund KGaA, having sponsored the football club since 2012. By potentially acquiring up to 5 percent of its capital stock through the planned capital increase announced by Borussia Dortmund, Puma seeks to underpin its long-term, strategic partnership and to intensify the cooperation with one of Germany's top clubs...(8/21/2014)

 

REI promoted Eric Artz, chief financial officer, to the additional role of chief operating officer, and Susan Viscon, vice president of merchandising, to senior vice president of merchandising. Artz now has oversight for the company's digital retail division. In Viscon's expanded role, the company's merchandising and private brands divisions have been united...(8/21/2014)

 

According to a report from ESPN.com, Under Armour has offered Kevin Durant, the Oklahoma City Thunder superstar forward, a 10-year endorsement package worth between $265 million and $285 million. The deal also reportedly includes Under Armour stock and incentives such as a community center built in his mother's name...(8/21/2014)

 

Billabong International Limited said it had entered into binding documentation to sell its 51 percent stake in SurfStitch and its 100 percent ownership of Swell to a consortium of investors including SurfStitch founders Justin Cameron and Lex Pedersen...(8/21/2014)

 

As part of a strategic plan to expand its domestic footprint, Goldwin America today announced the addition of two leading sales organizations to handle a portion of the U.S. market for the company’s Goldwin and C3fit brands... (8/21/2014)

 

Ibex Outdoor Clothing announced that Justin Singer of the Pacific Sierra Group has taken over sales representation for Ibex in the Southwest region, covering the states of California, Nevada, Arizona and Hawaii...(8/21/2014)

 

Three lawsuits filed by over 200 retired NHL players over concussion-related injuries have been consolidated and will be heard by a federal judge in Minnesota... (8/21/2014)

 

Patagonia launched a crowdsourced art campaign inviting artists & designers to create a collection of designs to express why they believe the environment is the #1 issue in the upcoming election and inspire people to vote especially young people. According to a Harvard University study, only 23 percent of Americans ages of 18-29 say they will definitely vote this midterm...(8/21/2014)

 

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