West Marine has opened its flagship and largest store measuring 30,000 square feet in Jacksonville, FL. The store, according to the Jacksonville Business Journal, is about four times larger than the company's average size store and will offer 16,000
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Active Ride Shop Files for Chapter 11 Protection
Active Ride Shop filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code. In a statement, the skate chain, based in Mira Loma, CA, is closing eight stores and plans to realign “its corporate support structure a
Mammut Revenues Rise 8.8% in 2008
Mammut Sports Group increased sales by 8.8% to CHF192.6 ($171.3 million) last year. Without currency translation effects, growth would have reached double figures…
Report: Marc Ecko Hires Investment Firm
Marc Ecko Enterprises has hired investment bank Peter J. Solomon Co. to help refinance at least $170 million in debt owed to two key business partners, sources told The New York Post…
Li and Fung Ltd. Posts 20% Sales Gain in 2008
Li & Fung Ltd. reported revenue grew 20% in its year ended Dec. 31, to HK$110.7 billion (U.S. $14.2 billion). The gains were due to “resilient organic growth” as well as a number of outsourcing deals and acquisitions. The Group’s core operating profit d
Burton Cuts Salaries and Staff
Burton said that due to the challenging global economic situation, the company must cut its annual spending by reducing salaries in North America from the top down and laying off a small percentage of its North American staff. Burton owners Jake and Donna
R.G. Barry to Make Levi Strauss Slippers and Sandals
R.G. Barry Corp signed a licensing agreement with Levi Strauss to make and market a new line of slippers and sandals under the Levi Strauss name. Slippers will launch in Fall 2009 with sandals to launch in Spring 2010…
RECALL: O’Neill Children’s Hooded Sweatshirts
The U.S. Consumer Product Safety Commission, in cooperation with the La Jolla Sport USA, of Irvine, CA, announced a voluntary recall of about 9,700 O'Neill children's sweatshirts with drawstrings. The jackets have a drawstring through the hood w
Escalade Inks New Secured Revolving Credit Facility
Escalade, Inc. signed a commitment letter with JP Morgan Chase, its current lender, for a new senior secured revolving credit facility in the maximum amount of $50.0 million and, through Chase's London branch, a senior secured revolving credit facili
Life is Good Partners with Promotions Firm
The Life is good Company has partnered with T.R. Miller Co., Inc. to introduce its collection of Life is good apparel and accessories to human resource executives for use in employee motivation, recognition, and reward programs. Already, companies ranging
ASICS to Sponsor USA Field Hockey
ASICS America Corp. reached a multi-year partnership that designates ASICS as the Official Partner and Exclusive Sponsor of footwear, apparel and accessories of USA Field Hockey.
The contract, which runs through 2012, is the largest corporate partnership
Paragon Sports Launches First-Ever Spring Warehouse Sale
Paragon Sports will be introducing its their first ever spring warehouse sale event Thursday, March 26th – April 2nd, 2009. The sale will feature 50-80% off original prices across a wide range of categories…
SHOP.PGATOUR.COM Relaunches with New Partner
The PGA TOUR and licensee PGA TOUR Superstores have partnered with Global Value Commerce to launch the redesigned SHOP.PGATOUR.COM, the official online store of the PGA TOUR. The new website features expanded functionality, a broad selection of merchandis
Foot Locker Secures $200MM Revolving Credit Facility
Foot Locker Inc. secured a $200 million, four-year revolving credit facility from a group of lenders, according to a filing with the Securities & Exchange Commission. In addition, during the term of the credit agreement, the company said it may make up to
Ironclad’s Q4 Revenues Slide 22.9%
Ironclad Performance Wear reported net sales for the fourth quarter of 2008 of $4.1 million, a decrease of 22.9% percent a year ago. The loss from operations declined to $170,000 compared to a loss of $444,000 during the same period in 2007…
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