September 15, 2017 Second Quarter Profits Gain 13% on 4% Higher Sales
Total profits this year increased 13% to $2,446 million from $2,171 million in the second quarter as revenues gained 4% to $40,259 million from $38,528 million comping against the liquidations in last year’s retail bankruptcies. Fanatics Extends Domination of Replica Apparel Market
Fanatics CEO Michael Rubin and NBA commissioner Adam Silver said prioritizing DTC and ensuring the fastest possible speed to market underpinned choosing Fanatics as licensee for replica jerseys, in an interview with Recode. Hearing Protection Act Nears Vote
Instead of a standalone bill, the Hearing Protection Act is now being attached to the much larger Sportsman’s Heritage and Recreation Enhancement Act, a bi-partisan measure. Report: Wholesale Sports to Liquidate
The 12-door Canadian outdoor chain will shutter all its stores at the end of the year, with inventory liquidation sales set to begin today, according to the National Post. Under Armour Opens Portland Sneaker Center
The 70,000-sq.-ft. former YMCA will host some 100 persons now who are tasked with developing Under Dog’s footwear business. Etcetera: Fanatics, Timerland, Asics
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