July 14, 2020
The venerable PA full line sporting goods store is liquidating inventory and fixtures at all but one of its remaining stores and planning to recast the chain with retail stores that have a smaller footprint along with its team business and e-commerce business.
The Great American Outdoors Act, which passed the Senate last month and is now awaiting a vote in the House, received the support of 127 sporting goods and outdoor companies, who sent a letter to House leadership, urging passage of the bill before the August recess.
Net loss at the Japanese retailer was ¥1,095 million ($10.1 mm) in the nine months ended May 31 against a profit of ¥300 million last year, on 19% lower revenues of ¥41,048 million ($376.8 mm) down from ¥50,610 million, including a 36% plunge in implied sales for FQ3.
Under Armour has ended its relationship with lacrosse equipment licensee Team 22, according to a report in the Baltimore Business Journal, but will continue to produce footwear and apparel for the sport.
Iconix said it will “broaden” the exploration of strategic alternatives for the company to include a sale of the company, merger or other business combination, in an SEC filing.
He was confirmed in the role after serving as acting leader of the brand since Mike Dowse’s departure last fall when the Anta acquisition of parent Amer Sports closed.
Flush with proceeds of a Series A investment from Black Oak Capital announced earlier this month, the emergency preparedness brand has made several key hires.