ASICS Nine-Month YTD Revenue Jumps 16.7%; Names New President…
ASICS reported 16.7% revenue growth for the first nine months of the year to ¥166.01 billion ($1.42 bn) from ¥142.21 billion ($1.23 bn) for the year-ago period. The company saw strong operating income growth of 14.9% to ¥19.15 billion ($163.5 mm), but onl
Red Oak to Cease Operations…
Red Oak Sportswear, the maker of licensed sports apparel in College Station, TX, plans to cut 124 jobs as it winds down operations, according to documents filed with the Texas Workforce Commission. The company, a division of Illinois-based Knights Apparel
Timberland Posts a Disappointing Year; Timeline for Turnaround Undefined…
The Timberland Company saw the fourth quarter of 2007 as the culmination of “a very challenging and disappointing year” for the company. Weak retail market conditions were cited as an issue that exacerbated fashion shifts away from the brand…
Deals are Flowing as Valuations Come Down…
It was a busy and a good week for the outdoor industry with five acquisitions, including two that could help restore the luster of authentic brands hindered in recent years by botched acquisitions. Five deals were done in total and four appear to be legit
Co-Founders Buy Back prAna…
The week's second high-profile deal involved Beaver Theodosakis and his co-founders taking back prAna from Liz Claiborne with help from PE firm Steelpoint Capital Partners in a management led leveraged buyout. prAna was acquired by Liz for $34.4 mil
Zumiez Sees Comps Rise 1.7%…
Zumiez reported comp store sales increased 1.7% for the four-week period on top of a 12.4% gain for the comp period last year. Total net sales for fiscal January decreased 11.7% to $20.7 million from $23.4 million in the five-week 2006 month…
More from Softgoods on the Trade Show Circuit…
Holden founder and now co-owner Mike LeBlanc sat down with BOSS to talk over the major developments for his brand, namely, the end of the company’s relationship with K2 and new parent company, Jarden Corp. Previously, the Holden side of the business took
ASICS Sees Nine-Month Revenue Jump 16.7%; Names President
ASICS Corp. reported 16.7% revenue growth for the first nine months of the year to ¥166.01 billion ($1.42 bn) from ¥142.21 billion ($1.23 bn) for the year-ago period. The company saw strong operating income growth of 14.9% to ¥19.15 billion ($163.5 mm), b
Riddell Fights Staph and MRSA Infections
Riddell has partnered with Indiana based Sports-O-Zone in the fight against staph and MRSA infections. The Sports-O-Zone patented sanitizing system uses ozone to attack and kill bacteria…
World Industries Partners with Dynasty Apparel for Youth Apparel
World Industries has partnered with apparel manufacturer Dynasty Apparel Industries to launch a young men's and boys apparel program. World Industries apparel will round out its existing business in skateboards, footwear, snow products and accessorie
Nike Creates Pink Uniforms to Support Cancer Research
Nike announced that it will support the Women's Basketball Coaches Association's (WBCA) Kay Yow/WBCA Cancer Initiative week by creating head-to-toe pink uniforms for four of its partner schools. The special pink uniforms will be worn Feb. 10 whe
Allied Capital Commits $68 Million to Augusta Sportswear
Allied Capital Corporation said it has invested $68 million of secured second lien debt plus a minority equity co-investment to support the buyout of Augusta Sportswear Group by private equity firm Quad-C Management. As reported, Linsalata Capital Partner
Allied Capital Commits $68 Million to Augusta Sportswear
Allied Capital Corporation said it has invested $68 million of secured second lien debt plus a minority equity co-investment to support the buyout of Augusta Sportswear Group by private equity firm Quad-C Management. As reported, Linsalata Capital Partner
Stage Stores January Comps Inch Up 1.0%
Stage Stores, Inc. reported total sales for this year’s four-week January period were $82.1 million vs. $99.5 million for last year’s five-week January period. Excluding last January’s fifth week sales of $21.4 million, the company achieved an overall sal
Dillard’s, Inc. Reports 12% Same-store Decline
Dillard’s, Inc. reported sales for the four weeks ended February 2, 2008 fell 12% to $435.3 million from $622.0 million a year ago. Comps fell by the same amount…
