February 10, 2017
The outdoor retail chain could file for bankruptcy as early as this month, according to Reuters, citing a source familiar with the matter.
Keeping the controversy alive over Under Dog CEO Kevin Plank’s comments about the value of his business acumen in the Oval Office, Steph Curry, Misty Copeland and Dwayne “the Rock” Johnson all made public statements distancing themselves from Plank’s remarks.
René Takens will leave effective Apr. 25 after the company’s shareholder meeting. No replacement has been named, and the company said the decision was a mutual one.
The Amer-owned brand said it would not attend the Outdoor Retailer Show in Salt Lake City as a protest over the state’s land use policies, following Patagonia as the second major exhibitor to withdraw over the issue.
He will continue as president of Eagle Creek while adding Reef to his responsibilities.
Sam Beck, formerly Nordica ski product manager, was appointed director of marketing and communications.
Total revenue decreased 1.7% to $750,491,000 from $763,528,000 for the month of January, but sales at the Pou Sheng retail subsidiary jumped 24.6% to $278,637,000 from $223,659,000.