September 13, 2018
The possible sale of Lids was initiated in large measure because the category has consolidated to itself as the dominant omni-channel player and Fanatics as the dominant online player, with most of the independents now vanishing and major retailers like Foot Locker that had been participants pulling back.
While several outdoor brands have noisily withdrawn from the Walmart e-commerce ecosystem in the past month, the Eager Beavertons will be selling a curated collection of Nike and Converse merchandise on WMT’s Jet.com site starting in Oct.
As both sides begin feeling the pain of the current trade war, the U.S. has invited China to participate in high level talks about their dispute, but a resolution will require that both sides show more flexibility than either has been willing to demonstrate so far.
The agency reached settlements with Patriot Puck and Sandpiper of California that will prohibit them from making false U.S.-origin claims for their products.
The running specialty retailer is expanding its footprint with the acquisition of Nashville, TN, based Rhythm Running and two store openings this month in Houston, TX, and Tampa, FL.
Hi-Tec royalty revenues improved in the second quarter ended Aug. 4 quarter, but the net loss nearly doubled to $9,053,000 in from a loss of $4,623,000 last year on $5.6 million of restructuring charges and a $3.2 million charge for the transition to a new credit facility from Gordon Brothers.
The company, which makes hybrid gear clips with a built-in hook and swivel, got its initial $400,000 in funding from Kickstarter.
June handgun imports dropped 24.6% to 212,118 units and rifles were down 10.8% percent to 41,896 units, but shotgun imports gained 16.7% to 69,677, according to ITC data compiled by the NSSF.
The maker of in home networked exercise bikes accused Flywheel Sports of infringing on its patents with its Fly Anywhere bike that copies the live, competitive interaction between remote riders and studio classes that Peloton created.
It was the only industry company to make the global Dow Jones Sustainability Index, which rates top companies on their sustainability practices.