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Modell’s Sporting Goods has officially hired David Stern to the role of executive vice president and chief financial officer. Stern will play an intricate role in strategic planning and growth opportunities for Modell’s while overseeing the finance and information technology departments....

Gildan Activewear reported net earnings dropped 66.6 percent in the first quarter on a decline of 3.6 percent in revenues. The company said results were in line with expectations and the company maintained its adjusted earnings guidance for the year....

China-based sports brand Xtep International Holdings Ltd announced plans to acquire E-Land Footwear USA Holdings Inc., the parent of K-Swiss, for $260 million in an all-cash deal, according to Reuters....

Payless recently opened its first ever holiday pop-up location in New York City. The temporary store concept, located at 136 W 42nd Avenue, between Times Square and Bryant Park, is offering deals on its entire selection of shoes, handbags, and accessories throughout the holiday season....