January 08, 2019
After early reports that creditors had rejected the offer of chairman Eddie Lampert, clearing the way for a liquidation, a New York bankruptcy court said it would give the ESL chairman one more chance to bid against liquidators in a Jan. 15 auction provided he deposited $120 million.
Facing a growing backlash against the government shutdown over funding for a wall on the Southern border, the White House is asserting that it will have the IRS process tax refunds despite a lack of Congressionally approved funding for the Treasury Dept.
A week after former USC assistant basketball coach Tony Bland’s plea deal, former Arizona assistant Emanuel “Book” Richardson pleaded guilty to one count of bribery, which carries a maximum penalty of two years in prison.
HELE’s housewares segment, which includes Hydro Flask, saw sales increase 11% to $142,937,000 from $128,261,000 in the fiscal third quarter ended Nov. 30 with gains both online and from brick-and-mortar.
The sneaker maker is nearing completion of a deal to open an 80,000-sq.-ft. facility in Methuen, MA, that will house an advanced manufacturing facility and an R&D center, creating 75 jobs with a $15 million investment.
Just a few weeks after stepping down as CEO of a global $4.5 billion brand, Rob DeMartini agreed to succeed Derek Bouchard-Hill as head of the governing body for the sport in the U.S.
Huntsman Textile Effects is now managing the Teflon durable water repellence business including stain finishes and textile finishes such as Teflon EcoElite and Eco Dry.
The Cypress, CA-based apparel sourcing and distribution company recruited Hutchison from G-III Apparel’s retail subsidiary, AM Retail Group, that operates its Calvin Klein Performance stores among other banners.
Sports Page Team, a 40-year-old distributor of team sports apparel and equipment based in Pella, IA, is the latest acquisition of Varsity Brands-owned BSN.
Even as it culls Gander locations a few months after opening them, Camping World continues to add to its RV retail holdings with the acquisition of Coates RV in Hugo and Cloquet, MN.
Manchester United is partnering with Chinese property developer, Harves, to open brand stores there starting with three in Beijing, Shanghai and Shenyang, which are planned to open by the end of 2020.
After the rush to bring in Holiday merchandise before the feared imposition of tariffs, retail imports declined sequentially in Nov. to 1.81 million Twenty-Foot Equivalent Units from the 2.04 million record set in Oct., according to the NRF’s Global Port Tracker.