April 04, 2017
The discount shoe retailer filed for Ch. 11 protection in Missouri Eastern Bankruptcy Court, listing over $100 million in assets and $500 million to $1 billion in liabilities.
The domain name will be added to the existing Shoebuy.com business that Walmart bought as its first effort to combat Amazon through its Jet.com acquisition.
The deal will come as a surprise to nobody. Ever since Under Armour and Fanatics announced that they would be taking over the on-field rights for Major League Baseball in 2020, it was pretty obvious that the Northeast PA factory that has been making MLB uniforms for decades would somehow have to be part of the plan going forward for Under Armour and Fanatics.
Comprehensive net income jumped 33% to HK$64,827,000 ($8.4 million) from HK$48,578,000 on flat sales of HK$870,291,000 ($112.2 million) vs. HK$870,998,000 in 2016.
The $137.5 million sale of Sports Direct’s rights to the Dunlop brand and related wholesale and licensing businesses to Sumitomo Rubber has closed.
FAI, the Irish national soccer team, is ending its 23-year relationship with Umbro to partner with New Balance, The Irish Sun reported.
Hoist says TuffStuff is infringing on six of its patents and has copied some features of Hoist’s ROC-IT commercial fitness product line.