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Amazon Kills It on Second Prime Day
Marking its biggest sales day ever, Amazon Inc. said customer orders taken during second annual Prime Day, July 12, surpassed Prime Day 2015 by more than 60 percent worldwide. Sales vaulted more than 50 percent in the U.S...(7/15/2016)
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...
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...(7/14/2016)
Helly Hansen Delivers Turnaround Year
Helly Hansen, which was undergoing a cash crisis at the start of 2015, scored a major turnaround last year...(7/13/2016)
Yeti IPO Would Replenish Coffer After Big Dividend Payment
Yeti Holdings Inc. filed plans for an initial public offering of stock, saying it needs to raise capital to meet demand and replenish its coffers after paying out $451.3 million in a special dividend to its investors...(7/6/2016)
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)
Whitewater, Surf Parks Face Scrutiny in Wake of Fatal Amoeba Infection
The future of manmade whitewater and surf parks became murkier last week when health officials concluded the turbidity of water at the U.S. National Whitewater Center in Charlotte, NC inhibited the ability of its treatment system to kill pathogens.(6/28/2016)
Obama's Outdoor Rec Legacy Tempered by Court Rulings
Just days after its love affair with the Obama Administration reached a crescendo, the outdoor recreation industry and its allies in the environmental and conservation communities got a stark reminder of the limits of executive power in the form of another adverse federal court ruling...(6/24/2016)