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Dick’s Sporting Goods eyes bid for former rival
Dick’s Sporting Goods has cast its eye on another bankrupt sports retailer and former competitor. In June, Dick’s acquired the intellectual property of the bankrupt Sports Authority. Dick’s is now preparing a bid for the U.S. business of Golfsmith International Holdings Inc., according to Reuters. In making a bid, Dick’s is going up against an offer by Worldwide Golf Shops, according to the report. -
Report: Drexler seeks help to turn around struggling J. Crew
Legendary retailer Mickey Drexler, chairman and CEO of J. Crew, is working with McKinsey & Co. to develop a new business strategy for J.Crew, reported The New York Post. J. Crew is looking to reverse a two-year slump. In its most recent second quarter, same-store sales fell 8%, the eight straight quarter of declines.

