Payless ShoeSource hired Scott Ramsland as senior vice president, general merchandising manager, international, reporting to Matt Rubel, chief executive officer and president, Payless…
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Everlast Closes Merger At $33 Per Share
Everlast Worldwide Inc. has completed and closed on the merger with Brands Holdings after receiving shareholder approval at a special meeting of Everlast's shareholders held on September 19, 2007. In the transaction, each issued and outstanding share
Under Armour Signs Sponsorship Deal With Leafs
The Toronto Maple Leafs and Under Armour, Inc. signed a multi-faceted sponsorship that includes advertising rights for Under Armour throughout Air Canada Centre during Leafs' home games through the 2009-2010 season. In addition to the advertising rig
NRF: Credit Crunch to Damper Holiday Sales
The National Retail Federation expects sales for the upcoming 2007 holiday season to rise 4.0% this year to $474.5 billion. The 2007 holiday sales increase is expected to fall below the ten-year average of 4.8%. It would represent the slowest holiday sale
Aldila Extends ‘Dutch Auction’ Following Explosion at Factory
Aldila, Inc. has extended the deadline for shareholders to respond to its pending “Dutch auction” tender offer to acquire shares of its common stock following news of an explosion in one of its factories in China. The new deadline for shareholders to resp
Nike Posts 51% Net Income Jump; Looks to Sell Hockey Biz
Nike, Inc. saw net revenues grow 11% for the fiscal first quarter, ended August 31, 2007 to $4.7 billion from $4.2 billion last year. Changes in currency exchange rates increased revenue growth by 3 percentage points for the quarter. First quarter net inc
Shred Alert Names Frey As VP
Shred Alert, Inc. added Tripp Frey to head its sales team as vice president of the company. With extensive financial analyst and management experience, Frey will lend his business expertise directing the sales force and market forecasting…
NBA Names CEO For China
The NBA has named Tim Chen, CEO of Microsoft Greater China, as CEO of NBA China, effective October 15. NBA China is a new enterprise being created to encapsulate all of the league's businesses in Greater China…
OIA to Host Rendezvous in Vancouver, WA
The Outdoor Industry Association (OIA) will hold its annual leadership and learning conference, Rendezvous, at the Vancouver-Hilton, in Vancouver, Washington on October 3 to 5, 2007. This year, OIA selected Vancouver for the conference because of its conn
RECALL: Petzl Crampons
Petzl is recalling its SARKEN crampons, because the front points of the crampons are susceptible to premature wearout following heavy use. This means cracking of the metal forefoot near the front point(s), followed by possible breakage if usage continues.
Christina America Acquires Baltex Swimwear
Montreal-based Christina America has purchased the assets of Baltex Swimwear. The deal maintains the Baltex name and secures a significant number of Baltex jobs. The transaction price was not disclosed…
Cocona Receives Capital Infusion
Cocona Inc. (formerly Traptek, LLC) has received a “major capital investment” from Fairhaven Capital, a leading early- and growth-stage venture capital firm based in Boston, Massachusetts. Sources at both Cocona Inc. and Fairhaven declined to disclose th
Kellwood Receives $21 Per Share Takeover Bid
Kellwood Company has received an unsolicited letter from Sun Capital Securities Group, LLC, indicating the group's interest in pursuing an acquisition of all of Kellwood's outstanding shares at a price of $21 in cash per share. The Sun Capital p
Brunswick Names Deputy General Counsel
Brunswick Corporation appointed Kristin M. Coleman, 39, as its deputy general counsel and assistant secretary, reporting to Lloyd C. Chatfield, vice president, general counsel and secretary…
Sport Chalet Expects Steep Net Income Decrease for Q2
Sport Chalet, Inc. expects to report second quarter net sales in the range of $97 million to $98 million up from $91.3 million in the same period of the prior year. Comparable store sales for the second quarter are expected to decline in the range of 2% t
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