A new spin on Dick's Sporting Goods could be headed to Hall Road.
Crain's Detroit Business’ Post
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Check out our Owner & CEO Travis Campbell's latest interview for his perspective on the state of the travel business!
Eagle Creek Owner Travis Campbell talks about what he’s learned going off on his own after buying the legacy business from VF Corporation, and comments on whether he's interested in buying the packs business VF is selling. #outdoorindustry #outdoorrecreation
Eagle Creek Capitalizes on Return of Travel
https://thedaily.outdoorretailer.com
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Victim, victim victim…it’s easy right? Turn that mindset around. You can’t win them all but try to win as many of them as you can! This environment we live in is different then it once was, but just as it changed you have to adapt. Put your faith into good passionate people who want to win. Give them the support and the tools they need and watch what happens. We have to get out of this mindset that this is the way it is and start thinking of new ways to counter.
DICK'S Sporting Goods announced a new "business optimization plan" that includes laying off corporate employees as a result of net income falling 23 percent to $244 million and operating income decreasing 32 percent to around $312 million. The company said this is largely due to an increase in theft: #LP #lossprevention #assetprotection #ORC #retailtheft #retailnews
Dick’s Sporting Goods Lays Off 250 Employees after Blaming 23% Drop in Profits on Theft
https://losspreventionmedia.com
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𝗧𝗼𝘆𝘀 “𝗥” 𝗨𝘀 𝗿𝗲𝘃𝗶𝘃𝗶𝗻𝗴 𝗛𝗠𝗩 Shoppers can now find the HMV brand in select Toys"R"Us locations in Ontario, a low-risk way to bring the retailer of CDs, DVDs, vinyl records, and collectors’ items back to life. #HMV sections can be found in a select number of #Ontario stores and will satisfy a demand that has remained since its departure from the Canadian market seven years ago. The dedicated HMV sections in Toys “R” Us locations will not promote competition between the two, as the offerings are different but complementary, and will create a secondary revenue stream for the #retailer who is part of Putnam Investments. Putnam Investments owns Sunrise Records and Entertainment, alongside Toys “R” Us Canada and Babies “R” Us Canada, which were purchased in August 2021 from Fairfax Financial Holdings Ltd., Everest Toys, FYE, T. Kettle, and Rooms Spaces. Sunrise Records and Entertainment acquired 100 stores across the UK in February 2019. #toysrus #collectorsitem #businessnews #canada #retail Photo credit: Rob Hainer / Shutterstock.com
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Business Development at UDC USA, Inc. - Ultra Defense Corp. / Author / Subject Matter Expert Ammo & Weapon / Ammunition Renaissance Man - My comments and opinions are not that of my employer. No cold calling please.
I shared this on the A.M.M.O. report, however, I know tons of people like to see the details... Per prior Press Releases.... Oct. 05, 2020 "Sierra acquired Barnes for $30.5 million in cash, with the acquisition expected to be immediately accretive to Clarus’ earnings. The brand reported $21.8 million in sales for the trailing twelve months ended June 30, 2020." Aug. 22, 2017 Clarus 'has completed the acquisition of Sierra Bullets, L.L.C. ("Sierra") for $79 million, subject to a post-closing working capital adjustment.' Nov, 7, 2023 - Qtr Revenue- 'Precision Sport sales were $18.8 million compared to $34.2 million in the year-ago quarter. Down 45% compared to the year-ago quarter due to the market for bullets and ammunition significantly slowing as a result of heightened inventory levels at retail and at key distributors, lower consumer demand given the promotional pricing environment earlier in the year, and broader macroeconomic headwinds.' Insight - At the time of the original acquisition, I don't believe Sierra was loading ammunition. This expansion of the business might justify the increase in value from $100,800,000 to $175,000,000. The sales dropped and they dropped the business. The good news is that multiple parties were interested and still thought these businesses have life and can be turned around. #jaybellusa #ammo https://lnkd.in/gnYHg_8i
Clarus Enters into Definitive Agreement to Sell Precision Sport Segment :: Clarus Corporation (CLAR)
claruscorp.com
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We have kept an eye on Simon Property Group's foray into ownership of retailers and brands, including J.C. Penney, Authentic Brands Group and Sparc, which runs many of the brands owned by Authentic. There was a time when it seemed like Simon wanted to expand this, going so far as to lobby for major tax regulation changes that would allow them to own more of their tenants. Those days seem to be over. In fact, the mall owner is actually walking back. Here's what happened during their most recent quarter, and what they say will likely happen to other retailers they own. #REIT #malls #retail #brandmanagement #stores https://lnkd.in/eRXFfS_f
Simon Property Group trims stake in Forever 21, Brooks Brothers brand-management firm Authentic
retaildive.com
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I am happy that many 99 cents only stores in So Cal will be saved/rebranded. However, this does raise an interesting land use question I am fascinated by: business concept vs developed land. Most dollar trees in SoCal I see are 5-10k s.f. 99 cents only's are typically 15-20k s.f. approximately. So with Dollar tree acquiring all of these spaces that are rather large, what are they planning to do? Sublease space? Introduce a modified concept to fill the space? Might they make the same mistakes 99 cents only did?
These locations are going fast. Burlington Stores, Inc. just acquired two 99 Cents Only Stores, 8 leases and 3 properties sold to Ollie's Bargain Outlet, Inc. and 170 locations to Dollar Tree Stores. Of the Leases, 180 have been taken out of 333 or 55%. (yes, there are typos in the attached, translating court docs is a pain, sorry for any typos) Retail Specialists Retail Strategies #retailisnotdead ICSC
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The reality is that most of these businesses (and I include Wiggle in this - just bought for £50m by Frazer’s) were businesses whose management teams understood only one business model…how to burn cash. At some point you have to actually make money - and retail is a tough business to make money in. These are all businesses that grew up pretending to be tech businesses rather than what they are - retail businesses where you have to buy stuff for less than you sell it for and spend less doing so than the difference between one and the other. If Mike and his team at Frazer’s can’t drag these businesses to profitability I’m not sure anyone can. The core issue is when you apply basic retail fundementals and demand return on investment, the models fall apart.
As Matches falls, is the party over for luxury sites? — The Times and The Sunday Times
apple.news
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How do you extend a brand that carries cachet beyond the products and audience of its core business? Engaged by Winchester Ammunition, Cohesion's research found something interesting: Decades ago, a single red “W” hanging over a door or in a store window simply meant “quality products sold here.” Winchester had once sold an entire host of consumer goods at retail stores throughout the country under the Red “W” Brand…a grand Winchester tradition dating back to 1866. Cohesion resurrected that legacy brand asset — now new to an entire generation (or two) of people passionate about the Winchester brand, but unfamiliar with the Red “W.” Re-built as an exclusive advisory membership group, it was conceived to offer members priority customer service, advanced notice of promotions and new product information, discounted premiums, impacting the Winchester brand via direct contact with Winchester. Within three months of its re-introduction, the Red “W” Club boasted more than 18,000 members. Learn more about Cohesion. and how we brands find more value: https://lnkd.in/eenBnis #brand #branding #value #marketing #CEO #CMO
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Restructuring and Insolvency Solicitor at Isadore Goldman - Legal 500 2024 - Key lawyer (Insolvency & Corporate Recovery - South East) - BSc (Hons) Chemistry Graduate
At the start of another week working in #restructuring and #insolvency, Sky News is reporting that The Body Shop is to shut half of its UK stores (c.100 to shut), with seven stores closing today. This follows news, and the appointment, of administrators from FRP Advisory over The Body Shop's UK business last week. It is also reported that there will be a 40% reduction of roles at its London-based head office. This will, of course, be a difficult time for those within the business affected by the job losses, and may cause worry around the boarding up of another household High Street name brand. Hopefully the decisive action taken will allow a turnaround of the business, survival of the brand and security for more of the remaining employees' roles. This appears to be quite a dramatic turn of fate for the company after its sale by Natura to AURELIUS in November 2023 for a reported £207mn, albeit that sale was of the global business. On a selfish basis, with memories of Body Butter being requested as a Christmas and Birthday present for family members, I hope to see the brand survive, as I am truly hopeless when it comes to buying gifts. https://lnkd.in/dZipSUtc #highstreet #redundancy #turnaround
The Body Shop to shut half of its stores - some will close today
msn.com
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