Mountain Equipment Co-op, Canada's largest retail co-operative with over 2.9 million members, disclosed the names of factories that make clothing and gear under the outdoor retailer's MEC-brand label. With the move, MEC becomes the first Canadia
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Heelys Explores Strategic Alternatives
Heelys Inc. said its board had retained investment bank Houlihan Lokey as financial advisor to help it evaluate possible strategic alternatives to increase shareholder value. In August, the company's board had rejected a $5.25 a share cash bid by riv
DSW Inc. Plans Workforce and Expense Reductions
DSW Inc. intends to record a pre-tax charge of approximately $3 million in the fourth quarter of 2008 to recognize severance and other expenses related to a workforce reduction. The retailer reduced its home office and field leadership workforce by 98 pos
Crocs, Inc. Intends to Extend 10-Q Filing Deadline
Crocs, Inc. said it will be filing a Form 12b-25 with the Securities and Exchange Commission to extend the filing deadline for its Quarterly Report on Form 10-Q as the company is still in the process of finalizing certain accounting estimates…
Foot Locker Closes on CCS Acquisition
Foot Locker, Inc. closed its purchase of CCS, the skate catalog and e-commerce site, from dELiA*s, Inc. for $103.2 million in cash. It is expected that the acquisition of CCS will be accretive to Foot Locker, Inc.'s diluted earnings per share within
Penguin Brands Hires Western Regional Manager
Penguin Brands, Inc. hired Vincent M. Morse to the position of domestic regional sales manager for Penguin’s western region. With over 15 years of experience in the retail sporting industry, Morse will manage a sales team of 10 representatives…
Skechers Opens Flagship in San Francisco
Skechers opened a high-profile flagship store in the heart of San Francisco's premier shopping area — just off the Powell and Market streets' cable car stop and bordering Union Square. The three-floor Skechers location is also the Company'
Weyco Group Earnings Fall 18.6%
Declining sales and rising costs contributed to an 18.6% decline in third quarter earnings for Weyco Group Inc. The manufacturer of men's shoes said net income fell to $4.34 million, or 37 cents a share, from $5.33 million, or 45 cents, last year. Sa
Nautilus’ Q3 Sales Sink 18.7%
Nautilus, Inc. reported a third-quarter loss from continuing operations of $35.4 million, or $1.15 a share, including a non-cash charge to record a deferred tax asset valuation allowance of $26.8 million, or 87 cents a share, as well as restructuring and
Cybex Announces 1 Million Share Stock Repurchase Program
Cybex International, Inc.'s board of directors has authorized the repurchase of up to 1 million shares of its common stock. The repurchases may be in the open market or through privately negotiated transactions and will depend upon various factors, i
Tehama Names Design Director
Tehama, the golf lifestyle apparel company that was co-founded by Clint Eastwood and Nancy Haley, has named Christine Kim as director of design, merchandising/sourcing. She is responsible for the company's global sourcing as well as all designs for t
Fleet Feet Sees 16.5% Q3 Revenue Gain
Fleet Feet, Inc.'s third quarter marked the best quarter in the company’s 32-year history, with retail sales totaling $24.8 million, up 16.5% over third quarter 2007. Year to date sales are up 17.8% through September 2008, with $67.5 million in reven
SGMA: Soccer Third Sport in Participation
According to the Sporting Goods Manufacturers Association (SGMA), there are more than 15 million soccer players in the U.S. That ranks the sport as the third most popular team sport in this country. Basketball is number one with nearly 26 million players
NSGA Names Five to Hall of Fame
The Sporting Goods Industry Hall of Fame Committee has elected five new members to be inducted into the Hall of Fame next May, one retailer and four manufacturers. Hank Derleth, Ripon Athletic; the late Gerry O'Keefe, Spalding/Brunswick/PGA Victor/Sc
Timberland Q3 Revenues Slide 2.2%
The Timberland Co. reported third quarter revenues slid 2.2% to $423.6 million as declines in Timberland brand apparel were partially offset by strong growth in Timberland PRO series footwear and SmartWool. Net earnings rose 18.5% to $30.7 million, or 52
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