July 20, 2020
The golf entertainment operator, which earlier this year had been reported to be planning an IPO by year end with a $4 billion valuation, is now is talks with the special purpose acquisition company to tap the public markets.
HIBB credited pent-up consumer demand bankrolled with stimulus money for driving traffic gains in stores, where comps are up 60%, and online, where sales have tripled in the second quarter.
The outdoor co-op is facing criticism on social media from staff in several of its stores over its policies and dissemination of information after workers were found to be Covid-19 positive, the New York Times reported.
HBI is suing Keds for trademark infringement, claiming that the family footwear company is refusing to engage in negotiations over the terms of their Champion footwear license.
L.L. Bean inked wholesale agreements to sell its iconic Bean Boot and other products in 20 Nordstrom doors and a half-dozen Scheels stores in the Midwest, according to a report in the Press-Herald.