Genesco, Inc. won the first battle of what believe will be a long drawn out war in its legal fight with The Finish Line, Inc. to complete a merger first announced in June of this year. The judge in the Chancery Court in Nashville, where Genesco filed its
Author: James Hartford
Sporting Goods Industry Mobilizing to Attract Superstar College Graduates
Top executives from key segments of the sporting goods industry have joined forces to create a program designed to attract top college graduates as future employees. The program, called “Get In The Game,” is the creation of a 15-member committee of leadin
The Finish Line Notifies Genesco of Material Adverse Effect Position
The Finish Line, Inc. on Thursday filed an answer to an amended complaint in the previously disclosed lawsuit filed by Genesco, Inc. in the Chancery Court in Nashville, TN relating to the proposed acquisition of Genesco by the The Finish Line. In that an
Shoe Carnival Expects Sharp EPS Decline on Weak Q3 Comps
Shoe Carnival, Inc. reported that sales for the thirteen-week period ended November 3 decreased 8.0% to $173.9 million, compared to sales of $189.1 million for the thirteen-week period ended October 28, 2006. Comparable store sales declined 5.0% for the
DSW Third Quarter Comps Slip 3.0%
DSW Inc. reported net sales for the thirteen-week quarter ended November 3 increased 11% to $367.4 million compared with $332.2 million for the year-ago period ended October 28, 2006. Same-store sales decreased 3.0% for the comparable thirteen-week perio
SGMA: Sports Participation is Strong, but it Could Be Stronger
Roughly 75% of the U.S. population is involved in a fitness, sports, recreational, or outdoor activity as a casual, regular or frequent participant. That’s one of the underlying messages revealed in the Sporting Goods Manufacturers Association’s Sports P
Asics Taps Industry Veteran as Apparel Product Manager
ASICS America Corporation has tapped industry veteran Patty Kelly as Apparel Product Manager. Patty, who specializes in brand and product launches, will focus her efforts on both Women's and Men's ASICS apparel.
Dick’s SG in Deal to License RBK Brand for Apparel, ACG for Outdoor
Dick’s Sporting Goods continues to expand its “private brands” strategy, announcing Monday at the annual Bank of America Securities Investor Conference that they have inked a deal with Reebok to design, source, market, and sell Reebok athletic apparel und
SIA Appoints Carey Chairman of the Board
SnowSports Industries America has appointed Mike Carey as Chairman of the Board. Additionally the association named two seasoned veterans from the snow sports industry to director positions to fill vacancies until the next election. Carey, who has owned S
UBS Concerned About Financing Finish Line – Genesco Deal
The Finish Line, Inc. said it has received two letters from UBS Loan Finance LLC and UBS Securities LLC, which have been provided to Genesco Inc. As previously announced, UBS provided The Finish Line with a commitment letter regarding financing for its pr
JJB Sports Sees 4.4% H1 Comp Decline…
JJB Sports plc reported that total revenue for the 26 weeks ended July 29, including both the retail stores and the health clubs, was 4.3% lower than the same period last year and 4.4% comp decrease in revenue. JJB said the most significant impact on the
TSA Partners with Hilco on Golf Brand Licensing Deal
Hilco TAG, LLC, a unit of Hilco Consumer Capital, LLC, has entered into a definitive agreement with Sports Authority to be the exclusive licensee retailer in the U.S. for the Tommy Armour, Ram, TearDrop, and Zebra golf brands. The agreement's scope
Quiksilver Posts Fiscal Q3 Loss on Acquisition Charges
Quiksilver, Inc. announced that consolidated net revenues for the third quarter ended July 31 increased 17% to $612.8 million, from $525.9 million in the third quarter of fiscal 2006. The company incurred a net loss for the third quarter of fiscal 2007 o
Collective Promotes Pavelka to EVP
Collective Brands, Inc. has promoted Darrel Pavelka to executive vice president, global supply chain, reporting to Matt Rubel, chief executive officer and president, Collective Brands, Inc. In this role, Pavelka will oversee all aspects of getting produc
Quiksilver to Launch New Women’s Line
Quiksilver, Inc. is developing a women's line under the Quiksilver brand that will offer the global 18 to 24-year-old women's market a year-round range that is inspired by the spirit of Quiksilver, but interpreted from a timeless feminine perspe
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