Gildan Activewear Inc. has entered into an agreement to purchase 100% of the capital stock of V.I. Prewett & Son, Inc. in the process announcing that it expects the acquisition to help the company achieve the high end of its EPS guidance for fiscal 2008.
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Sport Chalet Expects Comps Decline in Fiscal Q2…
Sport Chalet said that macro economic trends – most likely spurred by California’s slumping housing market – are impacting sales during the fiscal second quarter. This factor coupled with the company’s aggressive growth plans and market share turf war wit
Nike Inc. Surges Past Wall Street Expectations for Fiscal First Quarter…
Nike, Inc. saw contributions from across the globe in its fiscal first quarter ended August 31, posting double-digit sales gains and operating profit growth in every region outside of the U.S. The company once again saw its subsidiary business growth out
adidas Becomes Tier One Sponsor of London Games…
Late last week, adidas confirmed that it will become the official sportswear sponsor of the 2012 Olympics in London after reports surfaced earlier in the week that the company would partner with the Games in a deal valued at approximately £100 million ($2
Cocona Receives Capital Infusion…
Cocona Inc. received a “major capital investment” from Fairhaven Capital. Sources at both Cocona Inc. and Fairhaven declined to disclose the exact investment amount. Fairhaven is an early stage private equity investment firm that has historically pursued
Second Quarter Hardgoods Market Buoyed By Golf…
In the second quarter, the hardgoods market was, not surprisingly, dominated by the golf companies, whose strong results masked relatively poor performances from the snow sports and fitness vendors. Overall, the hardgoods market saw second quarter sales i
Andre Agassi Sues Target Corp…
Former professional tennis player Andre Agassi has sued Target Corp., alleging that the retailer illegally used his name on more than 52,500 pairs of “Agassi” sandals sold at its stores nationwide and through Internet retailer Amazon.com. The sandals are
NRF: Holiday Sales Growth to Be Below Ten-Year Average…
The National Retail Federation reported that it anticipates holiday sales to increase by 4.0% to $474.5 billion for the 2007 season. However, with a growth rate of only 4.0%, this year’s sales increase will be below the ten-year average of 4.8% and would
Sun Capital Offers $21 Per Share for Kellwood…
The Kellwood Company received an unsolicited letter from Sun Capital Securities Group offering to acquire all of the company's outstanding shares at a price of $21 in cash per share. In the week prior to this offer, KWD shares had been trading in the
CA Legislature Gives Okay to Roo Shoes…
In July, the California State Supreme Court sided with animal rights group, Viva! International Voice of Animals in a lawsuit against adidas over the sale of kangaroo leather shoes within the state. After the decision, which the Court seemed to make more
Orange 21 and No Fear Drop Retail Talks…
In July, Orange 21, Inc. entered into discussions with No Fear to acquire its retail subsidiary, No Fear Retail Stores, Inc. as part of a strategic expansion. More recently, Orange 21’s independent special committee of its board of directors concluded tha
Ecko to Let Public Decide Bonds’ Ball Fate…
Marc Ecko created waves in the baseball memorabilia market when he acquired Barry Bonds' 756th home run ball for $752,467 last week. Shortly after he bought the ball, he announced plans to allow the public to determine its fate. Through a website he
TJX Co.’s Reach Settlement in Security Breach Class Actions
The TJX Companies, Inc. has entered into a Settlement Agreement with respect to the customer class actions in the United States, Canada and Puerto Rico relating to customer claims arising from the criminal intrusion(s) into TJX's computer system. Est
DTMBA Names Dusty Baker as National Chairman
The Don’t Take My Bat Away Coalition, which has grown to over one thousand members in Pennsylvania since being established just months ago, has named former Major Leaguer Dusty Baker as its national chairman…
Mission-ITECH to Supply NHL Refs With Helmets and Visors
Mission-ITECH Hockey has entered into a multi-year agreement with the National Hockey League Officials Association (NHLOA), which will see the company’s Mission brand helmets and ITECH brand visors being worn by NHL and American Hockey League (AHL) refere
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