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
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
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
Outdoor Research Hires Treeline Sales to Cover Pacific Northwest
Outdoor Research announced the hiring of Treeline Sales, LLC to represent the Exped brand in the Pacific Northwest Territory. The team of Tim Andis, Dana Sterling and Ray Thomas will represent the Swiss line of innovative and award winning tents, sleeping
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
Serial Acquirer Alert: Quiksilver Nabs Aussie Retailer…
Quiksilver has been on quite the acquisition tear recently, expanding both their wholesale division through the Rossignol deal reported last month, and now their retail division through the acquisition of Surfection. Surfection has been operating in Austr
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,
Annual NSGA Participation Study Sees Little Shift in Top Categories…
The National Sporting Goods Association last week issued some early numbers from its sports participation report for 2004, again pointing to Exercise Walking as the largest participation sport in the U.S. last year. The data, which is part of a broader a
Big 5 Q1 Comps Up 1.7%; Will Restate Quarterly Results…
Big 5 Sporting Goods reported last week that same-store sales rose approximately 1.7% for the fiscal first quarter ended April 3, based on preliminary results. Steven Miller, Big 5's chairman, president and CEO, said that the gain was achieved despit
Adams to Get a Bump in First Quarter…
Adams Golf has been fully reimbursed by its insurance company for funds embezzled by a former employee. ADGO in December reported that $970,000 in embezzled funds had been expensed in the years when the activity occurred.
Adams has now indicated that it
Callaway Carefully Managing to a 50% Drop in Earnings for Q1…
Callaway Golf Company said its first quarter revenues will likely fall more than 17.5% for the period, a decline the company said was at least partially expected as they staggered new product launches more evenly this year and carefully managed the amount
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