December 04, 2017
Marcato, with 8.5% of Deckers stock, is modifying its demand to replace all nine directors of the company with a new proposal that would replace just three of them as one shareholder advisory firm recommended that shareholders vote for three of Marcato’s nominees and re-elect the balance of management’s slate while another shareholder firm recommended backing management’s slate.
COLM closed its downtown store last weekend because protestors objected to increased police presence in the area that has targeted homeless after Columbia and numerous other business owners complained about public safety for their employees and customers.
The 69,000-sq.-ft. store at Fifth Ave. and 52nd will open early in 2019. Floors one to four will have the usual assortment while the lower level will focus on Hyperlive that will have a curated assortment of localized products, including speed lockers for pickup and returns and a sneaker bar.
After modifying its business model to exit wholesale distribution and concentrate on its three retail stores and digital in Oct., the VT firm now says it will shut down operations entirely by Feb.
The President will reduce the size of the controversial monument to 201,397 acres from its original designation of 1.35 million acres.