Cambodia Shoe Factory Collapses

A small shoe factory just outside the capital of Cambodia collapsed last Thursday, killing at least three workers. The factory was making Asics sneakers at the time…

REI Begins Selling Miir Commuter Bikes

REI said it has become the first national retailer to sell MiiR’s inaugural commuter bike line, which includes three models: the single-speed Wave and the five-speed High 5 Diamond and Mixte frames. All models and sizes are now available at five REI

National Retailers Perceive More Regulatory Risk

Retailers are feeling pressure from a heightened regulatory climate. A new BDO USA, LLP analysis of the risk factors listed in the most recent 10-K filings of the largest 100 public U.S. retailers found that federal, state and local regulations have incre

Spy CFO Michael Angel Announces Resignation

Spy Inc. CFO Michael D. Angel has announced his intention to resign from his position in order to facilitate a return to his permanent home in the Bay Area. Angel will remain availalbe as a full-time interim CFO consultant until the appointment of a succe

BSN Sports to Merge with Herff Jones

BSN Sports has signed a definitive merger agreement with Herff Jones, the manufacturer, marketer and distributor of graduation-related materials and educational products, as well as cheerleading apparel and services. Under terms of the agreement, BSN Spo

REI Exited Two Factories Over Compliance Issues in 2012

REI stopped doing business with two of its more than 130 offshore factories in 2012 after they either failed to respond adequately to remediation plans or were not forthright about their stand on hiring minors, the company disclosed in its 2012 Stewardshi

Skechers Swings To First-Quarter Profit

Aided by increasing acceptance of its performance offerings, Skechers USA, Inc. reported revenues rose 28.6 percent in the first quarter, to $451.6 million. Earnings reached $6.7 million, or 13 cents a share, rebounding from a loss of $3.7 million, or 7 c

Judge OKs Settlement Over Skechers Toning Claims

A federal judge approved a $40 million class-action settlement last week between Skechers USA Inc. and consumers who bought toning shoes. The approval comes a year after Skechers reached a deal with the Federal Trade Commission over the ads' claims t

BSN Sports to Merge with Herff Jones

BSN Sports has signed a definitive merger agreement with Herff Jones, the manufacturer of graduation-related materials and educational products, as well as cheerleading apparel and services. Under terms of the agreement, BSN Sports will join the HJ portf

Brown Shoe Sells Avia and Nevados

Shortly two years after buying both brands as part of its acquisition of American Sporting Goods (ASG), Brown Shoe Company, Inc. announced last week that it had sold Avia and Nevados for $74 million…