Bally Sold to Reimann Group
TPG Inc. agreed to sell Swiss shoe brand Bally International AG to a new luxury venture formed by Germany's billionaire Reimann family, ending a nine-year investment by the U.S. leveraged buyout firm. The family's Joh A. Benckiser SE, which owns
Shimano Completes Pearl iZumi Purchase
Shimano American Corp. on Monday completed its acquisition of Pearl iZumi from Nautilus for $69.4 million in cash and debt. As a result of the deal, Pearl Izumi will relocate its headquaters to Louisville from Broomfield…
Crocs Shares Plummet on Lowered Guidance…
Crocs had a tough week as it fired a warning shot to Wall Street that it would fail to meet its earlier guidance for both the first quarter and the fiscal year. The Street shot back with the company’s stock closing down 43.1% for the week, closing at $10
Wolverine World Wide Ups Earnings Guidance on Merrell’s Strong Performance…
Continued strong performance by Merrell and – to a lesser extent Patagonia – prompted Wolverine World Wide, Inc. to raise its earnings guidance for 2008. The company now expects 2008 earnings per share in the $1.83 to $1.90 range from the company’s previ
BPA Bottles On The Way Out at REI, Nalgene and in Canada…
As Canadian retailers like Forzani and Canadian Tire moved to yank BPA bottles from their shelves, Nalgene said it will phase out production of such products over the next few months Friday. Nalgene said it will wind down production of its Outdoor line of
Canada’s West 49 Posts Q4 Loss…
West 49 posted a net loss of CA $1.2 million ($1.15 million) in the fourth quarter due to sluggish sales and a CA$3.4 million ($3.1 million) pre-tax goodwill impairment charge. Net sales for the Canadian operator of action sports stores increased 0.8% to
Woolrich Closes Sewing Plant…
Woolrich said it will close its Jersey Shore sewing facility by October of this year. The plant closing will result in the elimination of 49 jobs, primarily in garment assembly. The Jersey Shore sewing plant is the manufacturing plant for garments being s
SIA: Specialty Sales up 6% to 7% through Feb…
SIA research estimates that consumers spent $1.7 billion in total at specialty shops during the August through February period, compared to $574 million at chain stores and $453 million on-line. The figures released last week showed apparel sales by speci
Nalgene, REI to Phase out BPA Bottles…
As Canadian retailers like Forzani and Canadian Tire moved to yank BPA bottles from their shelves, Nalgene said it will phase out production of such products over the next few months Friday. Nalgene said it will wind down production of its Outdoor line
Eddie Bauer Sees 0.5% Q1 Comp Gain
Eddie Bauer Holdings, Inc. reported overall comps inched ahead 0.5% in the first quarter ended March 28 versus a 9.5% gain in the prior year's quarter. Comparable retail store sales increased by 2.9% on top of a 16.4% increase a year ago. Comparable
Pedro’s Sold in Management Led Buyout
Sports adVentures International S.A. (SaVI) of Lausanne has financed a management buyout of the Pedro’s brand of cycling accessories in a deal that will be consummated May 1st. SaVI is developing a portfolio of small-cap companies with products and servic
Skechers Partners with Luen Thai
Skechers USA Inc. said that it recently held its first national sales conference in China with its joint venture partner Luen Thai Enterprises, a Hong Kong-based conglomerate with investments in various industries in Asia, North America and the Pacific Re
Bass Pro to Open in Augusta
Bass Pro Shops plans to open a 100,000-square-foot store in Augusta, GA. Projected to be built by fall 2009, the store will serve as a primary anchor to Village at Riverwatch, an 860,000-square-foot development on River Watch Parkway near Interstate 20. T
More Canadian Retailers Pull BPA Bottles
Wal-Mart Stores Inc's Canadian unit, Hudson's Bay Co., and Canadian Tire Group joined a group of Canadian retailers pulling plastic bottles containing bisphenol A. On Tuesday, The Forzani Group Ltd. said it would pull water bottles made with the
Canada’s West 49 Posts Loss
West 49 posted a net loss of Canadian $1.2 million ($1.15 million) in the fourth quarter due to sluggish sales and a C$3.4 million ($3.1 million) pre-tax goodwill impairment charge. Net sales for the Canadian operator of action sports stores increased 0.8
