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Dick’s Sporting Goods Sees Sports Authority Hangover
It’s only May, but Dick’s Sporting Goods Inc. is already looking forward to 2017. While reporting first-quarter earnings that were down but ahead of internal guidance, the U.S.’s largest sporting goods chain lowered its outlook for the year due to expectations of significant liquidation activity...(5/19/2016)
New Overtime Rules Will Restructure Pay For Many Industry Employees
In the active-lifestyle industry, where many work countless extra hours for the passion of the job and/or cause, new federal overtime rules are likely to have a big effect...
Sports Chalet, EMS Merchandise Commands Higher Liquidation Bids
Liquidators are valuing merchandise at 47 Sport Chalet and eight Eastern Mountain Sports (EMS) stores being closed by bankrupt Vestis Retail Group LLC much more richly than merchandise they are liquidating at 436 Sports Authority stores, bankruptcy court records show.(5/19/2016)
TJX CEO Wants to Tone Down Promotions at Sierra Trading Post
TJX Companies Inc., which continues to outperform its full-price rivals, wants Sierra Trading Post to become less promotional, President and CEO Ernie Herrman said May 17...(5/18/2016)
Lenzing Sales Rise on Firm Prices for its Wood-based Fibers
Lenzing, a leading supplier of wood-based fibers used in athletic and outdoor apparel, expects profits to improve substantially this year despite low prices for competing cotton and petroleum-based synthetic fibers.(5/18/2016)
Intersport International Inc. Names Amer Sports Exec as Next CEO
Intersport International Inc. (IIC) named Amer Sports' top marketing and retailing executive and West Point graduate Victor Duran as its first new CEO in 16 years...(5/17/2016)
Marmot Cuts Six Positions, Including Two VPs
Marmot Mountain LLC confirmed it eliminated six positions, including its vice presidents for sales and marketing, last week as part of a restructuring following the April 15 acquisition of its former parent company Jarden Corp. by Newell Brands Inc...(5/17/2016)
Giant Reports U.S. IBD Glut Contributed to Lower Q1 Sales
Giant Inc. said a glut of some high-end bicycles in the United States and weak demand in China resulted in lower first-quarter sales and profits and are likely to result in flat sales in 2016...(5/16/2016)