PET resin maker Wellman, Inc. must file a plan of reorganization and disclosure statement with the U.S. Bankrupcty Court next week under the terms of an amendment to its DIP agreement. The agreement will allow Wellman to pursue a stand-alone plan of reorg
Author: Charlie Lunan
RSN Resort TV Taps Skiers to Host Marquee Show
RSN Resort TV has tapped renowned freeskiers Sarah Burke and Chris Davenport to co-host the summer episodes of the network’s marquee morning program, RSN Outdoors…
Q1 Tourism Spending Declines by 3.7%
Real spending on tourism – or spending adjusted for inflation – decreased at an annual rate of 3.7% in the first quarter of 2008, indicating the travel and recreation industry is being hurt worse than the economy as a whole by declining consumer confidenc
Owners of Tour de France and AEG Partner to Promote Cycling
Amaury Sport Organisation S.A. (ASO) and AEG, owners respectively of the Tour de France and the Amgen Tour of California, have partnered to cross promote each other's events. Beginning with the upcoming 2008 Tour de France and 2009 Amgen Tour of Cali
Report: 20% of Athletic Goods Are Fake
Demand for fake fashion continues to grow at an alarming rate according to a new report from just-style, with captured shipments indicating that around 20% of all athletic merchandise is fake, according to a report by the British publishing and research f
China’s Gas Prices to Rise 16% Friday
China said Thursday night that the country on Friday will raise prices of gasoline and diesel oil by 16% and 18% respectively in response to rising energy prices, the New China News Agency report. Government officials did not say how the price rise might
Chinese Output up 16.3% Through May
Chinese output rose 16% in May, while domestic investment grew much faster than foreign investment during the first five months of the year, according to the National Bureau of Statistics of China…
Gart Capital Finances Luggage Chain Expansion
Denver-based Gart Capital Partners and Colorado Baggage Co. have teamed up to buy Dallas-based Bag’n Baggage out of bankruptcy for $10.5 million. The deal will create Colorado Bag'n Baggage with 44 stores in 13 states and $40 million in sales…
Americans Drive Less for Sixth Month in a Row
Americans drove less for the sixth month in a row, according to the U.S. Department of Transportation. Vehicle miles traveled on all public roads for April 2008 fell 1.8% compared with April 2007. This marks a decline of nearly 20 billion miles traveled
Recovering Paddle Program Gets $4K Donation
Chattagnooga retailer and Grassroots Outdoor Alliance member Rock/Creek has teamed with Keen to donate $4,000 to the City of Chattanooga to help rebuild their kayaking program, which was devastated by an April fire at a boat shed…
On-line Traffic Indicates More Price Shopping
The ShopLocal Retail Index, which is designed to predict in-store traffic by measuring visits to in-store promotions on the Web, was up 28 percent for the month of May compared with the same period last year. The reading indicates that consumers appear to
Snowsports Show To Change Venues in Montreal
Canada's National Snow Industries Association (NSIA) will host its 2009 Trade Show in Montreal at the Palais des Congrès from Sunday, Feb. 8 to Tuesday, Feb. 10…
New Merino Apparel Vendor point6 Launches
Former Smartwool Founders Peter and Patty Duke said their new merino wool sock company, point6, is up and running. The company is selling it's own branded merino wool socks exclusively via its highly animated Web site, which features outdoor, active,
New Merino Apparel Vendor point.6 Launches
A new direct only merino wool apparel company said it launched its website. Point.6, named as a reference to merino's ability to maintain an optimal body temperature of 98.6 degrees Fahrenheit, said it utilizes a compact spinning process to remove mo
Burton Sponsors Indoor Park in China
Burton has signed as the title sponsor of The Burton Qiaobo Mellow Park, a brand new indoor year-round terrain facility. Qiaobo Ice and Snow World was scheduled to unveil the brand new Burton Mellow Park at a June 14 grand opening ceremony…
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