American Skiing Company entered into a definitive agreement to sell its Sunday River and Sugarloaf/USA resorts to Boyne USA, Inc. for $77.0 million in cash. Boyne will also assume $2.0 million in debt and other liabilities. The announced sale follows the
Category: Footwear
Zumiez May Comps Grow 11.2%; Finds CFO
Zumiez Inc.'s sales in the four weeks ended June 2 jumped 51.6% to $22.7 million, with comparable stores ahead 11.2%. The action sports retailer also offered Trevor Lang, formerly VP of finance at Carter's Inc., its vacant CFO position…
Dick’s SG Elects Best Buy, Lowes Execs to Board
Dick's Sporting Goods, Inc. announced that Brian J. Dunn and Larry D. Stone have been elected to the company's Board of Directors. Mr. Dunn currently serves as President and Chief Operating Officer of Best Buy. Mr. Stone is President and Chief
Forzani Q1 Earnings Double on 5% Revenue Increase
The Forzani Group Ltd. net earnings for the first quarter were $700,000, or two cents per share, compared to the prior year's first quarter of $300,000, or one penny per share. Retail system sales for the quarter were $308.4 million, an increase of 3
Esprit’s Harris-Jensbach Joins PUMA’s Board
PUMA announced a change in the board of management: Melody Harris-Jensbach, previously International Product Director Women at Esprit responsible for the global business division Woman’s Casual, will be appointed Member of the PUMA Board of Management on
Callaway Announces $100 Million Stock Buyback
Callaway Golf Company announced that its Board of Directors has authorized the company to repurchase up to $100 million of the company's common stock in open market or in private transactions…
Study: Online Product Information Drives Customer Loyalty
Shoppers are more likely to return to websites and shop in physical stores of retailers that provide complete product information online, according to a new study conducted for WebCollage. Additionally, the study indicates that retailers that do not prov
Nike Golf Partners with Golf Digest
Nike Golf has partnered with Golf Digest to launch the “Tee It Up with Tiger Woods” sweepstakes promotion — providing consumers with the rare opportunity to meet and play golf with the No. 1 player in the world, Tiger Woods, at Reunion Resort in Orlando,
Everlast Faces Termination Fees if Deal Falls Through
Everlast Worldwide Inc. said that it will be required to pay Hidary Group a $3 million termination fee under certain circumstances if it ends a merger agreement between the companies during the current “go shop” period, according to a filing with the Secu
Sports Chalet’s Q4 Net Drops 45%
Sport Chalet, Inc. reported net income declined to $881,000, or 6 cents a share, from $1.6 million, or 12 cents, a year ago, reflecting a weak California snowfall. Sales in the period ended April 1 increased 9.1% to $97.8 million from $89.7 million, with
Reebok/CCM and USA Hockey Extend Partnership
USA Hockey announced that Reebok-CCM Hockey, a long-time partner of the organization, has agreed to a multi-year deal that will keep the company as an official equipment supplier of USA Hockey and USA Hockey InLine…
Macy’s to Install Solar Power Systems in 26 California Stores
Macy’s will install solar power systems and significantly reduce energy consumption in 26 stores throughout California in partnership with SunPower Corporation, a Silicon Valley-based manufacturer of high-efficiency, commercially available solar cells, so
Payless ShoeSource adds Stacey Bendet to designer line-up
Payless ShoeSource has signed a deal with fashion designer Stacey Bendet, mastermind behind the alice + olivia designer label, to create the alice + olivia for Payless collection, Bendet's first-ever footwear collection. The line will be exclusively
Payless Posts 5% Q1 Comps, Plans New DC; COO Exits…
Fresh off its announced plan to acquire Stride Rite, Inc., Payless ShoeSource, Inc. reported first quarter results that included single-digit gains on the top and bottom lines and were among the best to come out of family footwear retail. In addition, PSS
Crocs Awarded $1.8 Million in Jibbitz Infringement Case…
Crocs, Inc. is back on the war path in court, this time defending copyrights and trademarks for its subsidiary, Jibbitz, LLC. The judgment from the U.S. District Court in Nevada awarded Jibbitz $1.8 million in addition to attorneys fees and other costs i
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