Global Sources Ltd. released a survey showing that 45 percent of professional buyers see an improvement in the quality control process in mainland China. While mainland China continues to offer buyers very competitive prices, buyers expressed concern abo
Author: James Hartford
Meads Promoted to Ceo at Lands’ End; Manto New Apparel Chief at Sears
Sears, Roebuck and Co. has promoted Mindy Meads to president and CEO of Lands' End, Inc., while continuing her role as EVP of Sears, reporting to Alan J. Lacy, chairman and CEO. Meads has been EVP of merchandising and design for Lands' End and
Meads Appoints New Lands’ End Senior Team
New Lands' End, Inc. president and CEO Mindy Meads has nameed her senior management team following folowing her promotion that will take effect Feb. 1. Dennis Honan is the new COO, Bill Bass is SVP of e-commerce and VP/GM of Sears Customer Direct and
Precor Acquires Fitness Products International
Amer Group's Precor division has acquired Fitness Products International, a privately held company with executive offices and manufacturing facilities in Sun Valley, just north of Los Angeles. FPI serves the commercial fitness market with a range of
Everlast Restructures Series A Preferred Stock Minimum Redemptions
Everlast Worldwide Inc. announced that it has entered into an agreement with its Principal Preferred Stockholder, modifying its annual minimum redemptions. Under the terms of the agreement, in lieu of a cash payment for the redemption of a portion of the
Sportsman’s Guide to Beat Consensus Estimates for Q4 and Year
The Sportsman's Guide, Inc. expects to report total sales of $71 to $72 million and earnings per share of $0.70 to $0.72 for its fourth quarter ended December 31, 2003. This would compare to fourth quarter 2002 results of $66.3 million in sales and e
NRF Projects 5.0% Retail Growth in 2004
Following a year of bumpy growth, the economy is poised for consistent gains in 2004. The National Retail Federation released its 2004 forecast, predicting that GAFS sales will increase 5.0% from last year. According to its Retail Sales Outlook Report,
SportsNewsSource and NSGA Renew Conference Partnership
SportsNewsSource LLC, which publishes several electronic and printed sporting goods industry newsletters, has renewed its partnership with the National Sporting Goods Association as the Official Conference Daily Newsletter for the 40th Annual NSGA Managem
SGMA Releases Annual State of the Industry Report
There is further retail consolidation among retailers, as well as manufacturers. Internet sales strengthen. Licensed sales gain momentum. Federal funds back P.E. Those are just a few of the topics in the 2004 SGMA International State of the Industry r
Under Armour Enters Licensed Apparel Market
Under Armour Performance Apparel and the University of Maryland at College Park jointly announced Saturday that the performance apparel company will be the Division I-A football team's exclusive uniform provider, which will include fan apparel and ac
Forzani Under Investigation for Advertising Practices
The Forzani Group Ltd. was recently contacted by the Canadian Competition Bureau about certain of its advertisements. The Company said in a release on Thursday that they aways have been “committed to compliance with the advertising provisions of the Compe
Kellwood Gets ‘Phat’ in Simmons Deal
Kellwood Company and Phat Fashions, LLC announced the two parties have reached an agreement for Kellwood to acquire Phat Fashions, its licensing organization and its prized trademarks, Phat Farm®, Baby Phat®, and Phat®. The announcement was made at a pres
New Balance and New Era in Headwear Deal
New Balance Athletic Shoe, Inc. has signed a license agreement with New Era Cap Company, Inc. for performance headwear. Effective January, 2004, New Era, a global company, will design, develop and manufacture New Balance headwear. The line will be sold
PUMA Announces Partnership with Phillippe Starck
PUMA announced a collaborative partnership with world-renowned designer, Philippe Starck. The evolutionary footwear collection by PUMA and Philippe Starck will launch in Autumn 2004. “I have been interested in venturing into the world of footwear for twel
Forzani Holiday Comps Up 6.5%; Franchise Comps Jump 18.1%
The Forzani Group Ltd. reported that Holiday Season results for the eight weeks ended December 28th, 2003 showed a 10.9% increase in total retail system sales. Comparable retail system sales were up 6.5%. Comparable corporate stores sales increased 2.0%
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