July 01, 2022
SGI is closed this coming week for the Independence Day holiday. We will resume posting NewsWire on July 11, and our next weekly issue will be July 15.
The 77 highest paid executives at public sporting goods retailers saw their total compensation grow by 29% last year, for those with comparable earnings in both years, to an overall average of $3,520,123 compared to $2,856,036 in 2020.
The retailer’s negotiations with Franchise Group have come to an end, it revealed in a release, due to the current financing and retail environment, and its board has “unanimously determined to conclude its strategic review process.”
WWW, which has owned the Champion trademark for footwear, has now sold it to longtime licensee HanesBrands for $90 million in cash.