Author: James Hartford

New Balance Athletic Shoe, Inc. has commissioned a bronze statue, entitled “The Spirit of the Marathon,” of 1946 Boston Marathon winner Stylianos Kyriakides, the champion Greek runner whose victory helped bring food, medicine and
world-wide attention to h

Cybex International, Inc. has consummated its previously announced financing with GMAC Commercial Finance. This new facility provides a five-year term loan of $13,000,000 at a floating interest rate (currently approximately 6.5%). The proceeds from the fi

Russell Corporation said it expects to exceed analysts' expectations for the second quarter ending July 4, 2004. Russell also sold its interest in Marmot Mountain, Ltd., which will result in a one-time second quarter gain of 8.5 cents per share. In

Strong retail sales gains in the first half of this year have prompted the National Retail Federation to revise its 2004 forecast for GAFS sales. According to its forthcoming Retail Sales Outlook report, NRF has revised its 2004 forecast from 5.0% growth

Veltex Corporation announced that net sales in the first quarter of 2004 totaled $10.9 million. Net income in the first quarter totaled $857,306. Yhe company is projecting that total sales in 2004 will exceed $25 million for the full year, up roughly 25%

Fleet Feet, Inc. recognized the significant contributions of franchisees, employees, and vendors during its annual National Franchise Conference in Squaw Valley, Calif., July 5-9, 2004. Franchise owners and managers representing some 50 stores as well as

Dan Norton has joined Spira as VP of Footwear Development. Norton’s association with Spira dates to 2002 when he began consulting with Spira through his design company, Indever, Inc. Before founding his consulting company in 2000, he served as senior man

Triple Peaks, LLC and American Skiing Company have jointly announced the settlement of the lawsuit regarding the termination of the proposed 2002 sale of the Steamboat Ski Resort to Triple Peaks, LLC. In return for a cash settlement, Triple Peaks has agr

Sears, Roebuck and Co. has established a new, expanded leadership position of President of Sears Retail. The new role reflects the next phase of the company's growth strategy, including Sears' recently announced accelerated expansion off-mall.

Footstar, Inc. has entered into a definitive agreement to sell the Company's distribution center in Mira Loma, California and to outsource certain warehousing and distribution operations to support the ongoing needs of the Company's Meldisco div

Brown Shoe Company, Inc. reported that June retail sales for Famous Footwear were $98.6 million for the five-week period ended July 3, 2004, a 0.4% decrease compared to $99.0 million for the same period last year. Same-store sales for the period decreased

Retail Ventures, Inc. announced total sales for June increased 1.5% to $240.6 million from $237.1 million for the five weeks ended July 5, 2003. RVI's same-store sales decreased 4.4% for the five week period. The company's DSW Show Warehouse d