Spyder is Gearing Up to Triple Sales by 2010

Spyder Active Sports is preparing itself for strategic growth by adding key positions through a new hire and several promotions. The company has had 30-40% sales growth over the past few years and these new positions are designed to maintain that pace. Ja

Nike Names Former Microsoft CFO to Board

John G. Connors, former senior vice president of finance and administration and chief financial officer at Microsoft Corp., was appointed to the Nike, Inc. board of directors. Connors is the eleventh member of the board…

NRF Applauds House Vote on Bankruptcy

The National Retail Federation welcomed the House of Representatives' passage of long-awaited bankruptcy reform legislation. “It feels like we've been waiting as long to pass bankruptcy reform as Washington spent trying to get baseball back in t

NRF Wants Permanent Estate Tax Repeal

The National Retail Federation urged the House of Representatives to pass legislation that would make repeal of the federal estate tax permanent. NRF will count today's consideration of H.R. 8, the Death Tax Repeal Permanency Act of 2005, as a key vo

NRF Sees Sales Rise 6.8% Over Year-Ago For March

In spite of unseasonably cool temperatures, consumers were out buying Easter merchandise last month. According to the National Retail Federation (NRF), retail industry sales for March (which exclude automobiles, gas stations, and restaurants) rose a healt

Sporting Goods Stores Top $2 Billion in Sales For January

The Monthly Retail Trade Survey, prepared by the U.S. Census Bureau, reported sales in sporting goods stores of $2.01 billion (preliminary) for the most recent reporting month (January), up 2.8% from the $1.96 billion in January 2004. The increase follows

Mossimo Founder Wants to Take Company Private

Mossimo, Inc.'s founder Mossimo Giannulli announced that he is proposing to acquire the outstanding publicly held shares of the company for $4.00 per share in cash, a 20% premium to the closing price of the company's common stock on April 11, 20

March Retail Gets an Easter Boost, But…

March was a month that both giveth and taketh away this year as the upside benefits expected by many due to the earliest Easter in 16 years were offset by the wicked winter weather in much of the northern tier of the country. While the early holiday, whi

Retail Execs Stay Upbeat in March…

After a nice retail rebound in February, Retail Executives apparently kept their upbeat attitude in March as an early Easter promised to give them a lift versus the year-ago period. Still, the holiday lift for the month only brought the execs’ outlook fl

Quadriga Acquires Jack Wolfskin…

Funds advised by Bain Capital have sold all shares of Jack Wolfskin to private equity firm Quadriga Capital. Jack Wolfskin’s top management will continue to hold a considerable, but minority, part of the shares. No financial details were disclosed, but J

ShopKo Latest in Move to Go Private…

ShopKo Stores, Inc. announced that it signed a definitive merger agreement to be acquired by an affiliate of Minneapolis-based private equity investment firm Goldner Hawn Johnson & Morrison Inc. The acquisition is valued at slightly more than $1 billion,