At the ICR Exchange Conference, VF Corporation’s chairman, president & CEO, Eric Wiseman, took the opportunity to review the radical transformation VF Corp. has undergone over the past decade and take a brief look ahead at 2010. He also pointed out
Month: January 2010
Genesco Looking to Buy Niche Retailers
With signs of maturation coming from its core Journeys concept, Genesco Inc. said much of its growth in the future will come from acquisitions of smaller niche retailers. As an example, President and CEO Bob Dennis, speaking at ICR XChange, cited the comp
Crocs CEO Expects to End 2010 with a Profit
Crocs, Inc. is poised for profitable growth in 2010 after a wrenching 2009, when the company slashed inventory by 60% and cost of goods by 35% and eliminated all debt, said its President and CEO John Duerden…
Collective Brands Acquires Above The Rim Brand From Reebok
Collective Brands, Inc. acquired the Above The Rim (ATR) brand from Reebok International for an undisclosed amount. Collective Licensing International (CLI) will expand the urban-basketball themed brand…
Big 5 Sees Higher Margins Lifting Q4 Profits
Big 5 Sporting Goods Corp. believes its focus on providing value, particularly around exclusive, special make-up product, is paying off. Last week, the West-Coast chain reported sales rose 8.2% in its fourth quarter, to $237.6 million. Comps inched up 0.1
Delta Apparel Inc. Sees Licensed/Decorated Driving Growth
Delta Apparel Inc. expects its growth over the next three years to be fueled by expanding the amount of its product that is either licensed or decorated. Overall, it's targeting sales of $500 million for its fiscal 2013 year compared to its guidance
G-III Apparel Sees NFL Deals Lifting Sports Growth
G-III Apparel expects two deals signed with the NFL to revive growth in its sports licensing business. At the Cowen and Company Consumer Conference, Wayne Miller G-III's COO, said the company has signed a licensing deal to bring NFL outerwear to Walm
Perry Ellis Eyes $100M Potential for Callaway Apparel
Perry Ellis believes its Callaway apparel line will see revenues reaching $100 million in three to five years. The company entered into the licensing agreement in March 2009 and Perry Ellis designed product began shipping in Spring 2010…
Major Fitness Manufacturers Join AFIRM
AFIRM, the new Association of Fitness Industry Retailers & Manufacturers has received a number of fitness companies become members. Among the first companies to join AFIRM are Technogym, IronGrip, Cybex, Star Trac, Johnson HealthTech/Matrix, Icon/FreeMoti
Briko Introduces North American Rep Force
BRIKO North America has completed the hiring of its rep force. In the East of the US, New England will be traveled by Dynastar/Lange front man Chris Clapp with help from Tim Ingraham, and Fischer's Aaron Schwab will cover NY/NJ/PA and mid-Atlantic st
REI to Open Store in Bozeman, MT
REI said it will open its second store in Montana this spring in Bozeman. The retailer has operated a store in Missoula for five years. The one-story Bozeman store will be located at Stone Ridge Square and measure 25,000 square feet.
Eagle Creek Founder and President to Step Down
Eagle Creek founders Steve and Nona Barker are leaving the company as part of several changes in senior management. Steve Barker will transition to consultant for the brand and advise on strategic projects. Effective immediately, Michael Millenacker, form
AAFA Mobilizes Haiti Fundraising Effort
The American Apparel & Footwear Association members are donating goods to the Haiti earthquake victims through Kids in Distressed Situations Inc. and its own charitable arm. Haiti is currently the 17th-largest supplier by volume of apparel products to the
Gander Mountain Takes Next Step Toward Going Private
Gander Mountain Company completed a 1-for-30,000 reverse split of its common stock followed by a 30,000-for-1 forward split of its common stock. With the move, the company confirmed its intent to withdraw its shares of common stock from listing on the Nas
Deckers Looks Overseas and to Owned Stores for Growth
Deckers Outdoor Corp. will accelerate the opening of company owned retail stores in international markets this year and blow some of its collections into full-blown categories in a quest to hit $1.1 billion in sales by 2012, CEO Angel Martinez told invest
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