Value City Department Stores filed for Chapter 11 bankruptcy protection and plans to close its remaining 66 stores as it faces declining sales and an “increasingly competitive” environment for discount retailing. DSW Inc. is the largest unsecured creditor
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Langer Orthotics Business Sold
Langer, Inc. sold substantially all of the operating assets related to its Langer branded custom orthotics and related products business to an affiliate of The Orthotic Group, a manufacturer of prescription custom foot orthotics, orthotic footwear and gai
City Sports Relocates HQ to Boston
City Sports moved its corporate headquarters from Wilmington, MA, to Boston's North End. The new City Sports office is located at 77 North Washington Street. The company's distribution center will remain in Wilmington. It also announced plans to
Interbike’s OutDoor Demo East Has Successful First Year
Preliminary figures indicated that close to 700 retailers attended Interbike's first regional demo event, OutDoor Demo East, held October 21-22, 2008, at the Roger Williams Park in Providence, RI. More than 60 exhibiting company's booths, produc
European Outdoor Group Renews ispo Contract
The European Outdoor Group (EOG) recently renewed its contract with Messe München for the ispo winter fair. The EOG said it believes that it is vital for the outdoor industry to work closely with key trade fair partners and this contract “signals a new an
Escalade Suffers Q3 Loss; Sporting Goods Revenues Drop 39.8%
Escalade, Inc.'s revenues for the third quarter dropped 32.8% to $40.8 million from $60.7 million in the prior year. A net loss of $1.4 million, or 11 cents per share, compared to net income of $3.1 million, or 24 cents, in the prior year. Sporting G
NexCen Brands Expands Franchised Stores Internationally
NexCen Brands, Inc. announced that it has expanded its franchised stores internationally through the opening of 43 stores to date in 2008 outside the United States and through the entry into multi-year agreements that provide for the opening of a minimum
Sports Direct Confirms Guidance
Britain's biggest sporting goods retailer Sports Direct International Plc forecast full-year earnings in line with expectations. For the year ending April 2009, underlying earnings before interest, tax, depreciation and amortization (EBITDA) are expe
West Marine Sees 4.7% Q3 Comp Decline
West Marine Inc. reported sales dropped 4.3% in the third quarter ended Sept. 27, to $180.2 million. Comparable store sales were down 4.7%. The boating retailer also reported a 45.2% drop in earnings and lowered its guidance for the year…
Bushnell Promotes Lipham to President
Blake Lipham has been named president of Bushnell Outdoor Products, manufacturers of Serengeti and Bollé eyewear. He will also continue in his role as CFO. Bushnell's board also named current director Robert L. Caulk to the role of chairman…
New Steve and Barry’s CEO Resigns from Wet Seal’s Board
Harold Kahn, who last week was named CEO of Steve & Barry's, has resigned his position as a member of the board of directors of The Wet Seal Inc…
RECALL: Shimano Bicycle Wheels
The U.S. Consumer Product Safety Commission, in cooperation with Shimano American Corp., of Irving, CA, announced a voluntary recall of about 275 Shimano Dura Ace Carbon Clincher wheels for bicycles. According to the agency, the rim surface and spoke hole
Liz Claiborne Sells Enyce to Sean John
Liz Claiborne Inc. plans to sell its Enyce urban clothing brand to Sean “Diddy” Combs, the Grammy-winning musician and entrepreneur, for an undisclosed sum. Claiborne, which bought the denim-based streetwear line for $114 million from former Fila parent,
Russell Partners with the NBA as Official Institutional Uniforms
Russell Athletic reached an agreement to become the NBA's official institutional uniform provider. This designation grants Russell Athletic exclusivity to utilize NBA, WNBA and NBA D-League team names and logos on institutional jerseys, shorts and t-
New Balance Selects CenterStone for Online B2B e-Commerce in Europe
New Balance EMEA has selected CenterStone’s iVendix B2B e-Commerce application. iVendix will provide New Balance’s sales force and more than 4,000 dealers with a 24/7 on-line ordering solution in EMEA. New Balance dealers and sales reps now will be able t
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