November 16, 2018
Sales at 64 of the world’s largest sporting goods specialty chains increased by 10% in local currencies and the same percentage in dollars to $101,498 million in 2017 from $92,431 million the year before when the U.S. market was in the throes of the Retail Apocalypse.
The country’s largest cycling retailer filed in NC for bankruptcy protection saying that it anticipated a cash crunch in January that would hamper its ability to acquire inventory for the highly seasonal cycling business in the Spring and Summer.
The new company was formed by A&M Capital to run the Bollé Safety business and the consumer eyewear and helmet businesses of Bollé, Cébé and Serengeti bought from Vista Outdoor for $158 million in August.
PlumRiver Technologies, the B2B e-commerce software company, has agreed to acquire CenterStone Technologies, a competitor that is well known as the operator of the iVendix B2B platform for wholesale transactions with users in 127 countries.