February 14, 2017 Sports Direct Pays $500,000 Plus $85 MM DIP for Eastern Outfitters
The final asset purchase agreement consideration for the U.K. retail giant to get into the U.S. market will cost just $500,000 in addition to the much-needed $85 million debtor in possession loan that will enable the Eastern Mountain Sports and Bob’s Stores to continue operating. Key Companies Urge Support for OR Despite Controversy
REI, The North Face and Cascade Designs have urged retailers and vendors to continue supporting the Outdoor Retailer event in August, even as it seems to have one foot out the door of Utah following the expiration of its 2018 contract with Salt Lake City. Shimano Profits Jump in Final Quarter
Comprehensive net income rose 139% to ¥36,099 million ($330.0 million) from ¥15,135 million in the fourth quarter reflecting a ¥20 billion gain from foreign currency translation adjustments. Dunlop Sports Top Line Declines in Q4
Comprehensive net income gained 3% to ¥2,040 million ($18.6 million) from ¥1,989 million in the fourth quarter as sales declined ¥18,288 million ($167.2 million) from ¥21,864 million. Retail Imports Forecast to Grow 4.6% in H1
The National Retail Federation’s PortTracker forecast sees the U.S. economy continuing to expand this year, fueling retail sales growth and an increase in imports.
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