KSL Acquires 24 Percent of Whistler; Top Execs to Leave

Whistler Blackcomb Holdings Inc. (WBH) and KSL Capital Partners, LLC announced Monday that an affiliate of KSL has entered into a purchase agreement with Intrawest ULC to acquire Intrawest's 24 percent stake of WBH for approximately $116 million…

Puma SE Q3 Earnings Plummet on Margin, Expense Woes

Puma SE reported that third quarter consolidated sales grew by 6.0 percent in euro terms and by 0.5 percent currency adjusted to €892.2 million ($1.12 bn). Net earnings fell by 85.1 percent to €12.2 million, or 81 cents per diluted share. Foot

Costco U.S. Comps Rise 7 percent in August

Costco reported net sales of $7.40 billion for the month of August, the four weeks ended August 26, 2012, an increase of eight percent from $6.85 billion during the similar period last year. Total company comparable store sales rose 6 percent for the per

Tecnica Group Appoints Weaver to Global CEO Post

Peter Weaver, currently CEO of the Tecnica Group’s USA organization, will assume the role of Global CEO for the Tecnica Group effective September 1, 2012. In addition to his new global leadership responsibilities, he will maintain his position as

The Buckle Swings Back to Postive Comps in August

The Buckle, Inc. reported that comparable store net sales for the four-week period ended August 25 increased 4.5 percent from comparable store net sales for the prior-year period. Net sales for the four-week fiscal month increased 5.7 percent to $100.8 mi

Sears Holdings to be Removed from SandP 500 Index

Standard & Poors is removing Sears Holdings Corp. from the S&P 500 Index at the close of trading Sept. 4 and replacing it with chemical and polymer maker LyondellBasell Industries NV. S&P said the move was made because “Sears' public float has been w

Li and Fung First Half Profits Up 33 Percent

Li & Fung Limited, the multinational consumer goods export and logistics group, announced that revenue achieved in the first six-month period ending 30 June 2012 was $9.13 billion, an increase of 4 percent from $8.80 billion in the first half of 2011. Pro