Peter Mangione to Step Down as President of FDRA
The Footwear Distributors and Retailers of America (FDRA) announced that Peter Mangione will be stepping down as president of the association. According to a statement, Mangione, president of the organization since 1981, will assist the organization in re
Kohl’s Acquires 31 Mervyns Locations
Kohl’s Corporation prevailed in a joint bid with Forever 21, Inc. in an auction of leaseholds held yesterday for Mervyns sites. Together, the retailers acquired 46 locations for approximately $6.25 million. Kohl’s will assume 31 of the locations while For
Keen Begins Outdoors Initiative
Keen Inc., has begun its Kids’ ‘Mighty KEENdom’ initiative, which will seek to engage kids and parents in the outdoors through a variety of programs including charitable giving and education…
Lululemon Q3 Net Up on 4% Comp Gain
Lululemon athletica inc. said that for the thirteen weeks ended Nov. 2, 2008, net revenue increased 34% to $87.0 million from $64.9 million for the third quarter of fiscal 2007. Net revenue from corporate-owned stores was $77.6 million, an increase of 31%
Lululemon Founder To Transfer Shares
Lululemon athletica inc.'s founder and Chairman Dennis J. Wilson has indicated through regulatory filings an intention to transfer or otherwise sell, through his control of LIPO Investments USA, Inc., approximately 330,000 shares of…
Rocky Brands, HAAS Outdoors Enter Licensing Agreement
Rocky Brands, Inc. has entered into a new licensing agreement with HAAS Outdoors Inc. to be the exclusive producer and marketer of Mossy Oak brand hunting and casual footwear in North America. The agreement makes Mossy Oak the eighth brand that Rocky prod
Sorel to Sponsor U.S. Snowboarding Team
Sorel, a cold-weather boot manufacturer and one of Columbia Sportswear Company's portfolio of outdoor brands, announced its official sponsorship of U.S. Snowboarding…
Q3 Comps Up 4.5% for Bakers Footwear
Bakers Footwear Group, Inc., a specialty retailer of fashion footwear for young women, reported net sales for the third quarter ended Nov. 1 were $41.1 million, an increase of 1.9% from $40.3 million for the thirteen-week period ended Nov. 3, 2007…
Survey: A Third of Major Retailers Cut Holiday Ad Spend
One-third (32%) of chief marketing officers (CMOs) at leading U.S. retailers state that their holiday marketing and advertising budgets have been reduced this season, according to a survey conducted in October by the accounting and consulting firm BDO Sei
Rottefella To Sell NTN Bindings Via Boot Makers
Rottefella AS is shifting its North American distribution model to make it easier for retailers to buy an NTN telemark binding/boot system. Starting Jan. 1, 2009, the company will distribute NTN bindings through the three ski boot manufacturers/distribut
Sport and Fitness Top Performing Retail Category Since Cyber Monday
ComScore reported that holiday retail e-commerce through Dec. 5 reached $14.92 billion, essentially the same level compared to the corresponding days last year. For the five days beginning with Dec. 1 (Cyber Monday), the kick-off to the heaviest part of t
Ohio Gun Hunters Awarded Extended Deer Season
Ohio's popular deer-gun season will run an additional weekend, Saturday and Sunday, December 20-21, according to the Ohio Department of Natural Resources (ODNR) Division of Wildlife…
PacSun, Zumiez Comps Fall, The Buckle Remains Strong
Pacific Sunwear of California reported that total PacSun sales for fiscal month of November declined 8% to $101 million versus total sales of $110.2 million in the year ago period. PacSun same-store sales decreased 10% during the same period.
Puma Acquires Stake in Dobotex
Puma AG will take a majority stake in Dutch company Dobotex as of January 1, 2009. In a brief statement, the company, based in Herzogenaurach, Germany, did not indicate the size of the stake or the terms of the deal…
Adidas Buys Sensor Company
Physic Ventures announced that adidas International, Inc. has acquired Textronics, Inc. a developer of wearable sensors for use in fitness monitoring…
