Retail

In The News: Big 5 Sporting Goods, Liberty Fashion & Lifestyle Fairs & More

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Big 5 Sporting Goods, scheduled to report second quarter results by July 31, says comparable-store sales declined 4.2 percent for the period ended June 28. Merchandise margins rose 175 basis points year-over-year due to improvements in May and June. The retail chain, which saw four of its 431 doors closed during the period due to damage caused by civil protests, ended the second quarter with a 14.6 percent year-over-year decline in merchandise inventory.


Liberty Fashion & Lifestyle Fairs is cancelling the Liberty Fairs shows slated for August and September. In their place, the trade group is launching the first Virtual Marketplace for Liberty Fairs, enabling online transactions “in our #WorkingFromHome world.” Additionally, the company announces the hiring of Edwina Kulego, former international sales director for Informa Markets, as a VP.


Schuylkill Valley Sports is reducing its brick-and-mortar footprint with liquidation sales at nine Pennsylvania locations, according to the Morning Call newspaper, citing a Facebook posting by Eaton Hudson, Inc., and two closures in the Lehigh Valley area. In a message to customers, Chain CEO and President Jason Lutz said the actions are “NOT a good-bye” from the retailer but rather part of a strategy to update its overall customer experience. That will likely mean a new retail concept where the banner re-emerges in the Keystone State.


Jim Bojko has been named president of Snipes USA, where he will be responsible for leading the expansion of the European chain’s doors in the U.S. Currently, Snipes operates 100 doors across the Northeast and Midwest. Bojko previously served as Chief Transformation Officer for Snipes, where he oversaw the brand’s entry into the U.S. market and the launch of its Snipes 2.0 concept store in Brooklyn.


Boston-based Reebok is launching its new throwback style, the Classic Leather Legacy, with the “Write Your Legacy” campaign, a collaboration with a group of young artists from around the globe, including Boston-based Christina Lopez, Brooklyn-based Natalie Shields, Manchester, UK-based Davo Howarth, China-based Enkako and India and US-based Somnath Bhatt. Created and executed as the world shutdown to contain the COVID-19 virus, each artist used their own medium to celebrate the style, which combines element of the brand’s Classic Leather and Aztec styles. The Classic Leather Legacy will launch on Aug. 4 on Reebok.com and will retail for $80 for adults and $65 for kids.