January 16, 2019
In the wee hours of Wednesday morning, ESL chief Eddie Lampert increased his bid by another $200 million despite misgivings by many landlords and won the auction to keep the struggling retail chain going and 50,000 employees on the job.
Strong growth in the fashion athletic manufacturing segment helped offset the impact of the Rockport bankruptcy on its FY ended Dec. 31 as manufacturing revenue increased 3% to $1,550.7 million from $1,510.3 million with pairage up 6% to 60.2 million and ASP off 3% to $25.80.
Randy Hetrick, founder and CEO of the training brand, has bought out previous investors with the backing of PE firm Equity38.
The water filtration company is launching a “Clean Water Across America” tour with Airstream trailers, which is set to debut at the Outdoor Retailer show in
Specialized is recalling some 2017-2019 Roubaix, Ruby, Diverge, and Sirrus bikes because the steerer tube collar may be susceptible to stress corrosion cracking.