Unifi Inc. continued its capital restructuring by launching a tender offer to buy back all its outstanding 11.5% notes due 2014 with proceeds from a proposed $140 million debt refinancing…
Author: Charlie Lunan
Denver Launches Battle of the Brands on Eve of Snow Show
Metro Denver Sports Commission is recruiting teams representing ski and snowboard manufacturers to compete at a “Battle of the Brands” Jan. 25 at Denver Big Air, a new festival expected to draw thousands downtown on the eve of Snowsports Industries Americ
Consumers Unsure How Payroll Tax Cut Will Affect Spending
About a quarter of Americans are inclined to spend some or most of their increased take-home pay next year, while 27% are unsure what they will do with the money from the recently passed temporary payroll tax cut, according to a survey. Another 26% said t
Customer Satisfaction Slips with Top E-Tailers
ForeSee Results released its annual holiday survey showing customer satisfaction with the top 40 online retailers overall has fallen since last year. The sixth annual ForeSee Results E-Retail Satisfaction Index slipped 1% to 78 on the study’s 100-po
MasterCard SpendPulse Estimates Holiday Spending Rose 5.5%
The apparel sector was a primary beneficiary of a rebound in holiday spending, according to the latest data from MasterCard Advisors' SpendingPulse. Holiday spending on apparel grew 11.2% from Nov. 5 to Dec. 24, or at more than twice the 5.5% rate of
Runnings Farm and Fleet Acquires Minnesota Outfitter
Runnings Farm & Fleet, which operates 31 farm stores across the upper Midwest, has signed an agreement to acquire DJ’s Sporting Goods, a popular outfitter for hunting, fishing and archery in Montevideo, MN…
Lafuma Swings to Loss in FY 2010, But Poised for Profits Next Year
Lafuma Groupe swung to a loss in the fiscal year ended Sept. 30, but said that with restructuring costs behind it and lower debt it is poised to generate profitable growth in 2011. The French company, which owns the Lafuma, Millet, Eider, Oxbow and Lecham
Sugarloaf Accident Injures Six
A chairlift accident that injured six Tuesday morning muted the snowsports industry's celebration of 20 inches of fresh snow across much of New England. The victims were injured after a cable derailed from a chairlift at Sugarloaf Mountain and sent f
Amer Sports Appoints Duran to its Executive Board
Amer Sports appointed Victor Duran, it SVP over marketing and business-to-consumer, to its executive board effective Jan. 1, 2011. Amer Sports brands include Salomon, Wilson, Atomic, Arc'teryx, Precor, Suunto and Mavic…
Nielsen HR Chief to Depart
The Nielsen Company, which owns the Outdoor Retailer and Interbike trade shows, said its Chief Human Resources Officer Roberto (“Bob”) Llamas will leave the company at the end of the first quarter 2011…
Mammut Secures Rights to Use German Ortovox Patents
Mammut Sports Group AG secured worldwide and perpetual rights to use the German Ortovox patent and the associated international patent family. The agreement allows Mammut to resume selling its Mammut Pulse Barryvox avalanche beacon in Germany after a judg
Orange 21 Raises $2M More from Shareholder
Orange 21 raised another $2 million with the issuance of a $7 million promissary note to its principal shareholder. The new 9% note supercedes prior notes totaling $5 million. Orange 21 is now positioned to focus on growing its four optical brands, includ
Salazar Restores Wilderness Management Guidance at BLM
Outdoor industry leaders hailed an order issued Thursday by Secretary of the Interior Ken Salazar Thursday that will ensure the Bureau of Land Management considers the value of protecting backcountry areas used for recreation when determining how to manag
Orange 21 Sells Manufacturing Operation
Orange 21 Inc. has agreed to sell 90% of the capital stock of its wholly-owned manufacturing subsidiary, LEM, S.r.l. (“LEM”), so it can focus on sales and distribution of action sports brands, Spy Optic, O'Neil, Margaritaville and Melodies by MJB…
Lead Concerns Prompt Lululemon to Recall Shopping Bags
Lululemon athletica inc. said it is voluntarily withdrawing some of the reusable shopping bags it gives its customers from its stores amid rising concern that such bags may contain enough lead to be banned from some landfills. The retailer invited its cus
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