
In 2016 the US sports retail landscape was redesigned from scratch after some major retailers went bankrupt. Who benefited from this, in a market in complete upheaval?
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In 2016 the US sports retail landscape was redesigned from scratch after some major retailers went bankrupt. Who benefited from this, in a market in complete upheaval?
Adidas' running shoe business more than doubled in January 2017, while brands like Nike and Under Armour lagged behind, according to NPD Group.
The closure of Sports Authority stores and Hurricane Matthew impacted Delta Apparel sales in its first quarter. Several brands in the company portfolio achieved record numbers.
The sporting goods retailer will overtake Sears at the Pennsylvania mall after Preit, the real estate investment trust, recaptured three Sears stores earlier this year.
British sporting goods company Sports Direct International is in talks to bid for Eastern Outfitters, the parent of U.S.discount chain Bob's Stores and outdoor retailer Eastern Mountain Sports, sources have revealed.
Excess inventory and a glut in athleisure seems to have clipped Under Armour's breakneck speed, following its phenomenal rise and ability to maintain an average quarterly growth rate of 20% for over six years.
Under Armour's founder-led approach is wearing thin. The $12 billion athletic-wear maker reported its slowest top-line growth in eight years and signaled more challenges ahead.
According to a report from the NPD Group, the US footwear industry slowed in 2016 due to a soft performance from athletic footwear and retailer bankruptcies. Classic styles outperformed athletic footwear.
Multiple suitors are weighing bids to challenge the $575 million offer for Performance Sports Group Ltd made by a financial consortium in the bankruptcy court auction of the Bauer hockey gear maker, according to sources.
Sportswear retailer Finish Line said on Tuesday it is exploring a possible sale of its JackRabbit chain, but shares fell as much as 3.8% over doubts that the initiative would be successful.