Sportswear giant closes 113 stores as shares plunge
The retailer is reviewing its portfolio amid mounting costs and a challenging retail environment.
The retailer is reviewing its portfolio amid mounting costs and a challenging retail environment.
BELLINGS Intelligence Score: 12
Why it matters
The closure of 113 stores by a major sportswear retailer amid a challenging retail environment is a notable business development but represents routine operational adjustments without broader credit-market implications.
Sources
TheStreet
Sportswear giant closes 113 stores as shares plunge
The retailer is reviewing its portfolio amid mounting costs and a challenging retail environment.