Sporting Goods Industry News for September 16, 2014
Joseph M. Schmidt, who was elevated to president of the sporting goods chain on Feb. 1, 2009 and has been with the retailer since 1990, will retire at the end of DKS current fiscal year.
The U.S. retail sales increase for the week ended Sep. 13 was up 3.0% from the prior year, but down 2.6% from the prior week, according to the Intl. Council of Shopping Centers/Goldman Sachs Weekly Chain Store Sales Index.
ESL Investments, the hedge fund of Sears Holdings Co. CEO Eddie Lampert, has made a $400 million short-term loan to the retailer guaranteed with a first priority lien on 25 Sears-owned properties, according to a SEC filing.
Former Asics America senior executive Jim Monahan is president of 361° USA, based in Irvine, CA, that will distribute the Chinese brand in the U.S. and Canada.
The company has hired Los Angeles-based Onestop to manage its back-end e-commerce system and execute a multi-channel marketing campaign with mobile optimization and integration with its existing wholesale and retail presence.