Lululemon Athletica Inc. said in a filing on Friday that it is shrinking the size of its initial public offering by nearly 10%, to 16.4 million shares from 18.2 million. The investors plan to sell 14.1 million shares, down from an earlier plan for 15.9 mi
Category: Footwear
Jansport President Corvino Killed in Car Accident…
Michael Corvino, president of JanSport, was killed Saturday in a car accident. Corvino, who was 46 years old, died when he lost control of the 1970 Dodge Charger he was driving, veering off the road and hitting a tree, according to a California Highway P
June Sport Footwear Sales Growth Accelerates on Promotional Increases…
The month of June presented a mixed bag of results for the sporting goods and athletic footwear and apparel markets as retailers in the mall turned up the heat on the promotional fire in footwear and apparel to drive growth towards the back end of the mon
Nike Hires New U.S. Brand Manager
Nike hired Ken Dice as vice president of USA brand management. Most recently, Ken held the position of EVP of marketing for Discovery Communications. For the last three and a half years, he led the marketing teams for The Discovery Channel, The Learning C
Gander Mountain to Acquire Reeds Outdoor’s Baxter Location
Gander Mountain Company and Reeds Family Outdoor Outfitters, a well known regional outdoor retailer based in Walker, Minnesota, announced that Gander Mountain will acquire the inventory and certain assets of the Reeds Outdoor Super Store located in Baxter
Collectible Concepts Looks to Acquire Sports Licensing Companies
Collectible Concepts Group, Inc. announced that it intends to initiate a search for the acquisition of companies in the sports marketing or licensed products industries…
Everlast Investor Criticizes Bid Process
Aquamarine Capital Management LLC, a shareholder of Everlast Worldwide Inc., asked the boxing equipment maker to reconsider a buyout offer from New York-based Hidary Group. Aquamarine said Everlast's refusal to negotiate with Hidary may represent a b
Lululemon Shrinks IPO Offering
Lululemon Athletica Inc. said in a filing on Friday that it is shrinking the size of its initial public offering by nearly 10 percent, to 16.4 million shares from 18.2 million. The investors plan to sell 14.1 million shares, down from an earlier plan for
TJX’s Comps Grow 5%
The TJX Companies, Inc. reported consolidated comparable store sales increased 5% for the five-week period ended July 7. Total sales were up 9% to $1.7 billion from $1.5 billion…
GSI Commerce Partners with Nautica/Kipling
GSI Commerce Inc. announced that it has signed a multiyear agreement with a subsidiary of VF Corporation for the Nautica and Kipling apparel brands. GSI will provide both the Nautica and Kipling brands with technology, customer care, order processing and
Sports Direct buys U.K. Outdoor Retailer, Field and Trek
Sports Direct has acquired a 60% interest in U.K. outdoor clothing and equipment retailer Field & Trek for £5 million (U.S. $10 million.) The U.K. sporting goods chain also has an option to acquire the remaining 40% in the next five years for a further
Nordstrom June Comps Increase 2%
Nordstrom, Inc. reported preliminary sales of $851.1 million for the five-week period ending July 7, 2007, an increase of 2.9% compared to sales of $827.0 million for the five-week period ending July 1, 2006. Same-store sales increased 2.0%…
Stein Mart Comps Fall 2.9% in June
Stein Mart, Inc. reported total sales and comparable store sales for the fiscal period(s) ended July 7, 2007. Overall company sales fell 4.9% in June to $127.4 million. Comparable store sales decreased 2.9% for the month…
Spalding Names New Marketing Manager
Spalding has appointed Wendy Unger-Moore as marketing manager. Unger-Moore will be responsible for all marketing related activities as they pertain to the National Basketball Association (NBA), the Women’s National Basketball Association (WNBA) and the Na
Ross Stores Posts 4% Comp Gain
Ross Stores, Inc. reported sales of $545 million for the five weeks ended July 7, 2007, an 11% increase over the $490 million in sales for the five weeks ended July 8, 2006. Same store sales grew 4%…
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