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January 16, 2012 Forecast: U.S. Retail Sales Will Grow 3.4% to $2.53 Trillion in CY12
The forecast, made by trade group the National Retail Federation at the retail convention in New York, is lower than the 4.7% sales increase made by U.S. retail in 2011. Bankrupt Sportcraft Owes Asian Suppliers More than $17.4MM
The Mount Olive, NJ, marketer of table games and inflatables, which intends to liquidate after filing for Chap. 7 bankruptcy late last month, owes 20 of its Asian suppliers more than $17.4 million. Hot Tuna Surf Brand Being Acquired for $1.5 MM by Sports Direct
Shareholders in U.K.-based Hot Tuna are slated to vote on approving the sale at a Feb. 6 meeting. Sports Direct subsidiary Brands Holdings, which already owns the Dunlop and Slazenger brands, is in line to acquire the business for £950,000 cash and install Mark Battles as Chairman. Report: Warrior Sports Replacing Adidas as Liverpool FC Sponsor
New Balance-owned Warrior is replacing the Three Stripes as the sponsor of the Premier League soccer club in a six-year deal valued at £25 million ($30.2 mm) that starts next season. Brad Gebhard is New CEO of Hi-Tec Sports USA
In his new executive role, Gebhard will lead the Hi-Tec Sports USA and Magnum USA businesses of the Dutch parent based in Portland, OR. Etcetera: Zappos.com, Performance Bicycle, OnTheSnow, Dunham’s Sports, OGIO
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