HanesBrands announced it will use its strong cash position to reduce long-term debt this year by another $250 million and reduce interest expense in 2013 by prepaying half of its $500 million of 8 Percent Senior Notes Due 2016 a year earlier than original
Category: Outdoor
Teva to Ramp Up Marketing in Digital Push
Teva is discontinuing its title sponsorship of the formerly named Teva Mountain Games after 11 years so that it can increase its spending on digital marketing by 40 percent over the next three years, company Founder and President Joel Heath told The Sport
Finish Line Partners with Sports Illustrated
The Finish Line, Inc. will exclusively offer the “Sports Illustrated Presents: Enduring Sportsmen” collectors issue free to customers who make a $75 purchase at all Finish Line stores starting Dec. 1, while supplies last. Also, customers who o
PacSun Returns to Profitability in Q3
Pacific Sunwear of California, Inc. reported net sales for the third quarter of fiscal 2012 ended Oct. 27 were $228.4 million versus net sales of $226.8 million a year ago. Same-store sales increased 1 percent during the period…
Stage Stores November Comps Increase 13.2 Percent
Stage Stores, Inc. reported that total sales for the four week November period ended Nov. 24 increased 16.4 percent to $141 million, up from $121 million in the prior-year comparable period ended Nov. 26, 2011. Comparable store sales for the November peri
Boardworks Surf COO Rief Retires
Boardworks Surf said Bob Rief had stepped down as chief operating officer after four and a half years in the post to retire. Company owner Mike Fox will be taking over all COO responsibilities…
Bon-Ton Comps Down Slightly in November
The Bon-Ton Stores, Inc. reported comparable store sales in the four weeks ended Nov. 24 decreased 0.1 percent. Total sales decreased 0.8 percent to $301.3 million in the current year compared with $303.6 million in the prior year period…
Stein Mart Comps Surge 7.1 Percent in November
Stein Mart, Inc. (SMRT) reported comparable store sales for the four-week period ended Nov. 24, 2012 increased 7.1 percent. Total sales for the period were $109.8 million, an increase of 7.5 percent from $102.1 million in the same period in 2011…
FGL Sports To Acquire Pro Hockey Life
FGL Sports Ltd., a division of Canadian Tire Corporation, has entered into an agreement to purchase Pro Hockey Life Sporting Goods Inc., a private company, for C$85 million. Pro Hockey Life is a premier sports retailer with 23 urban, high-end hockey store
EVent Collaborates with Vegam to Supply Footwear Laminates to European Market
GE is collaborating with VEGAM—an Italian maker of laminates and fabrics—to bring air permeable and bi-component waterproof footwear fabrics using its award-winning eVent waterproof membranes to Europe…
Arc’teryx to Cloth Vancouver’s Homeless
Arc’teryx is teaming up with the Vancouver Police Department for the fourth year in a row to distribute hundreds of waterproof capes to the city's downtown homeless population…
PayPal Sees Mobile Payment Volume Rise 190 Percent on Cyber Monday
PayPal saw a 190 percent increase in global mobile payment volume on Cyber Monday 2012 compared to Cyber Monday 2011, the company reported on its blog…
Bravo Sports Expands Executive Team
Bravo Sports Corp. appointed Steve Sandler as SVP of business development and sales, and Jennifer Maurus as VP of business strategy in the design development department…
PVH’s Q3 Profits Beats Guidance
PVH Corp., which recently announced plans to acquire Warnaco Group, the parent of Speedo, reported earnings per share reached $2.34 on a non-GAAP basis in the third quarter, which exceeded the company’s guidance and represents a 24 percent increase
IBM: Cyber Monday Spending Grows 30 Percent
Holiday shoppers turned Cyber Monday into the biggest spending day ever with online sales growing 30.3 percent over the same period last year, according to cloud-based analytics findings by IBM. On Cyber Monday more than 18 percent of consumers used a mob
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