April 10, 2018
While the overall proposal got the okay from 95% of the outstanding shares, the plan to take the retailer private was not approved because slightly more than the required 10% of the disinterested shareholders voted against it.
The Eager Beavertons made their second acquisition in less than a month as part of its push to fill out its digital capabilities.
Adidas is in. Nike, Puma and Under Armour are out.
Piper Jaffray’s 35th Semi-Annual Taking Stock With Teens survey again saw Nike on top of the footwear and clothing brand rankings, while Adidas and Vans moved up the footwear list this year in teen perception.
That is comprised of $21.0 billion in direct contributions from manufacturers, distributors and retailers of firearms and ammunition and another $14.2 billion in supplier impact and $16.2 in induced impact.
The bankrupt gunmaker’s second quarter cash flow budget calls for $52.9 million of operating losses on those sales, and a total cash outflow of $81.8 million including financing and restructuring charges.
Electric bikes, which have been driving European bike sales for years, are now accelerating in the U.S. with 91% growth last year to $77.1 million, according to NPD Group.
The Chinese footwear and apparel brands got off to a strong start in 2018 posting double-digit retail sales gains in the first quarter.