Polo Ralph Lauren Corporation has announced its intent to commence a tender offer to acquire the approximately 80% of the outstanding shares of Impact 21 Co., its Japanese sub-licensee for men's, women's and jeans apparel, and accessories, that
Author: James Hartford
Limited Brands Promotes Burgdoerfer to CFO
Limited Brands, Inc. has announced the promotion of Stuart Burgdoerfer, currently EVP, Finance, to Chief Financial Officer, effective immediately. He will also join the company's Executive Committee. Mr. Burgdoerfer served in several roles of increa
Federated Bumps Up Funding for Online Business
Federated Department Stores, Inc. has announced an additional capital investment of approximately $100 million in 2007-2008 to support continued growth in its direct-to-consumer businesses, including macys.com, bloomingdales.com, Bloomingdale's By Ma
Saks CFO-Designate Decides to Exit Company
Saks Incorporated has announced that Michael G. Archbold, Executive Vice President/Chief Financial and Administrative Officer of Saks Fifth Avenue, will resign his position effective April 13, 2007. He was slated to assume the post of EVP/CFO of Saks Inc
Sears Holdings to See Board Change
Sears Holdings Corporation announced that Donald J. Carty has informed the company that he has decided not to stand for re-election to the board of directors at the company's scheduled annual meeting in May. Mr. Carty, who was named Vice Chairman and
Iconix Closes on Rocawear Acquisition
Iconix Brand Group, Inc. has completed the acquisition of the brand Rocawear. The purchase price for the transaction was $204 million in cash with contingent payments of an additional $35 million of Iconix stock based upon the brand surpassing certain pr
Payless Closes on Collective Licensing Deal
Payless ShoeSource has closed its previously announced acquisition of Collective International, LP, a Denver-based brand development, management and licensing company. The purchase price of the all-cash transaction was approximately $91 million, excluding
Sport Footwear Sales Reach $17.8 Billion in 2006 as Growth Slows
After posting solid increases in the first half of 2006 sport footwear saw much of the gains slip away as the year progressed, finally settling into a 3.5% increase for the year, according to analysis conducted by The SportsOneSource Group. SOS estimates
Mainland Headwear Partners with GBG for FIFA Headwear
Mainland Headwear Holdings, Ltd has acquired the worldwide exclusive manufacturing rights and distribution rights in Greater China and Japan of The Fédération Internationale de Football Association (“FIFA”) branded headwear from Global Brands Group (“GBG”
Deckers Joins Soles4Souls Million Pair March
Deckers Outdoor Corporation is proud to support the Soles4Souls Million Pair March campaign by mobilizing the local community to collect a quarter of a million pairs (250,000) of new and used footwear. Collected shoes from the Million Pair March will be d
adidas Group Acquires Distribution Rights for Greece
The adidas Group has bought the distribution rights for the Reebok brand in Greece from RbK Hellas A.E.B.E. Effective January 1st, 2008, adidas Hellas S.A. will become the exclusive distributor of Reebok products in Greece. Financial details of the transa
Tom O’Riordan Joins American Sporting Goods as CEO
Tom O’Riordan, the former COO of Fila USA, has taken
the reins at American Sporting Goods as CEO, effective
March 12, 2007. O’Riordan, who has also purchased an
equity position in the company, replaces Kevin Wulff, the
former Nike exec that recently
JC Penney to Open Logistics Center in California
J. C. Penney Company, Inc. will open a 436,000 square-foot cross-dock logistics center in Lathrop, Calif. The operation will occupy an existing building at 700 D'Arcy Parkway in the Crossroads Commerce Center. Its primary function will be to receive
Nordstrom to Open Another Austin Store
Nordstrom, Inc. has signed a letter of intent with Endeavor Real Estate Group to open a Nordstrom store at The Domain, a mixed use community being developed in Austin, Texas. The new two-level, 149,000 square foot Nordstrom store is scheduled to be comple
LL Bean Tops $1.5 Billion in Fiscal 2006
L.L.Bean reported record annual net sales of $1.54 billion for the 2006 fiscal year ending February 25, 2007, a 4.6% increase over 2005. E-commerce grew almost 10% and emerged as the company's dominant sales channel for the year. The company also an
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