May 30, 2023
Cold and wet weather in the West and consumers feeling pressure from inflation hurt traffic and scuttled Q1 results, sending the bottom line $15,639,000 into the red compared to a $1,998,000 profit last year, as revenues fell 14% to $267,529,000 from $309,505,000.
The Three Stripes will start selling its remaining Yeezy stock on May 31, the latest move in a recent flurry of activity in the fractured relationship between the company and Kanye West.
S&P Global affirmed Big Foot’s BB+ issuer credit rating and issue-level rating, but downgraded its outlook to negative from stable, following the retailer’s disappointing Q1 results and lowered guidance for the year.
Luck E Strike Lures has been acquired by the country music singer and will re-launch this summer with a focus on its traditional and current assortments as it aims to rebuild the brand.
Sports Warehouse Inc. received a $300,000 fine from the State of NY for failing to protect consumers’ information after an attacker gained access to its customer data in 2021, including login credentials for nearly 1.2 million and credit card data for as many as 1.8 million.
In a bankruptcy court filing, Shoe City parent Esco, Ltd., said it is rejecting all 39 store leases effective May 31 now that G.O.B. sales have been completed.
Monsta Athletics filed suit in CA district court claiming that Easton Diamond Sports and its parent company Rawlings are selling bats labeled as utilizing patented features that those models do not actually incorporate.
The maker of baseball batting grip trainers is suing Franklin Sports in NY district court for infringing on Pro-Hitter’s multi-colored batting aids with its Gator Grip Trainer.