Archive for August, 2017

Dick’s Sporting Goods shares crater on disappointing sales, poor outlook for 2017

August 18, 2017

Consolidated same-store sales rose 0.1 percent, far lower than the company’s forecast of 2 to 3 percent growth. Revenue rose 9.6 percent to $2.157 billion from last year. But analysts were expecting sales to reach $2.161 billion, according to Thomson Reuters. Dick’s has issued a softer profit outlook for the full year, emphasizing that the […]

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The Mysterious French Master

August 17, 2017

Despite being one of the most prolific European professional skiers, most hardly recognize Bruno Compagnet’s name May 15, 2017 by Hans Ludwig At 48, the man with the piratical beard and the knuckle tattoos that read “TRUE CROW” has been a professional skier longer than many pros have been alive. His ongoing career has kept him […]

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Retailers Are Dying To Be Colette, So Why Did The Store Close?

August 5, 2017

July 31, 2017 by Christina Najjar 2017 has been a record year for store closures. So when colette, the cult French concept store and retail icon, announced it would be closing its doors for good after 20 successful years, many found themselves asking: Was the holy grail for labels both old and new yet another victim of […]

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Under Armour Axes 277 Jobs Amid Restructuring

August 4, 2017

August 1st, 2017 by SGB Media Shares of Under Armour fell $1.88, or 10.4 percent, to $16.23 Tuesday after the company reduced its annual sales and earnings forecast while announcing a restructuring plan that includes the layoff of 277 employees. And while second-quarter results came in better than Wall Street expected, the period showed a surprise […]

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Colorado ski resort operator’s $1.5 billion sale is complete; interim CEO named

August 3, 2017

August 1st, 2017 by Ben Miller The sale of Intrawest Resort Holdings Inc. of Denver for $1.5 billion is complete. Intrawest, which operates the Winter Park ski area for the city of Denver and owns the Steamboat ski area, was sold to the operator of the Aspen Snowmass ski areas and a Denver private equity […]

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