February 15, 2017 MC Sporting Goods Files for Bankruptcy, Will Liquidate All Stores
Despite months of negotiations with trade creditors and banks, the Grand Rapids-based chain was unable to negotiate a restructuring plan and has retained Tiger Capital and Great American Group to liquidate the inventory at all 68 stores. Walmart Acquires Moosejaw for $51 Million in Cash
The deal includes a large online presence as well as 10 stores in the Upper Midwest. Under Armour Looking to Land Mega Real Madrid Deal
European press reports say that Under Dog, despite having a rocky two weeks, is pressing ahead with a deal to sign Real Madrid when the present contract with Adidas expires in 2020 to a 10-year deal at $160 million annually. Caleres Names Two Key Execs at Famous Footwear
Karlyn Mattson was named chief merchandising officer and Chris Cavalline as SVP of e-commerce. Confluence Outdoor Appoints Richard Krause CEO and President
Krause will replace longtime CEO and President Sue Rechner, who is stepping down after a decade in the role. Eastern Outfitters Appoints Creditors Committee
The U.S. Trustee named Under Armour, Wolverine World Wide, VF Outdoor, Carhartt and K2 to be on the unsecured creditors committee, along with drug seller CVS Pharmacy and direct marketing firm Valassis. Sporting Goods Sales Slip in January
Sales of sporting goods/hobby/book/toy stores declined 4% in the first month of 2017 to $6,647 million from $6,903 last year in the preliminary figures from the U.S. Dept. of Commerce census. Etcetera: Polar, Gita Sporting Goods, Sportsman’s Warehouse
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