Sportfishing Summit said it is negotiating with several properties in Denver since holding its summitt in Galveston “is no longer feasible.” The organization also said that given the circumstances, it is scaling back its annual meeting for this year to fo
Category: Outdoor
NexCen Brands Reports Strong Franchise Growth
NexCen Brands, Inc., the parent of The Athlete's Foot, said it expects to report revenues from continuing operations of its franchise business of approximately $12 million in the second quarter of 2008 compared with $4.7 million in the second quarter
REI’s Next Prototype Store to Open Friday in Texas
Recreational Equipment, Inc. (REI) said its next LEED-based prototype store will open Friday in Round Rock, Texas. The 32,700 square-foot store was built from the ground up and projected to consume 48% less energy than a typical store. REI's first pr
Yakima Introduces GE Money Sport Card
Yakima has announced a partnership with GE Money Sport's consumer financing program to provide special financing options for many consumer products and services. With the GE Money Sport Card, participating Yakima dealers will provide customers instan
Construction Starts on Greener Tannery in Vietnam
Construction has begun in Saigon, Vietnam on an ecologically friendly “model factory” for the German/Chinese leather producer ISA Tan Tec. The tannery will emit 35% less CO2 than conventional production facilities. The company said it needs the capacity t
Collective Brands Reaffirms Guidance
Collective Brands Inc. reaffirmed its comparable store sales for the fiscal year, while providing details of the impact from Stride Rite's acquisition. The Topeka, Kansas-based footwear and related accessories retailer confirmed its same store sales
Hanesbrands To Lay Off 720 Workers, Close Two Plants
Hanesbrands, the parent of Champion, announced plans to lay off 720 employees due to the closing of two facilities in Eden, N.C. About 120 workers at a yarn plant would be let go at the end of 2008 and 600 would be laid off at the fabric textile plant at
Industry Members Seem Unfazed by Wall St. Turbulence During Investor Presentations
As the sky was falling on Wall Street, several industry companies remained cool, calm and collected as they spoke about their own businesses at investor conferences last week. Notably, the Bank of America Securities annual investment conference drew mana
Steve and Barry’s to Close 103 Doors
Steve & Barry's, which is currently in the midst of bankruptcy proceedings, plans to close 103 stores. The Port Washington, N.Y. based retailer will operate with a smaller base of 173 stores, which the company said would better position it to reach p
Boscov’s Gets Bid
Versa Capital Management, Inc., a Philadelphia-based private equity investment firm that recently acquired Bob's Stores, has reached an agreement to acquire bankrupt Boscov's Department Store. Under bankruptcy procedures, Versa will serve as the
Dreams, Inc. Acquires StarStruck
Dreams, Inc., which owns the FansEdge website and chain, has acquired the assets of StarStruck/ProTeam, a catalog-focused retailer in the sports licensed products industry. Star Struck/ProTeam is one of the largest catalog and Internet retailers of licens
Gap Inc. Acquires Athleta for $150M
Gap Inc. has agreed to acquire Athleta Inc., the women’s sports and active apparel catalog company based in Petaluma, CA, for about $150 million in cash. The Gap said the acquisition will allow it to enhance its presence in the growing $31 billion women’s
Retailers and Manufacturers Urged to Study Phthalate Legislation Before Tossing Inventory
The Consumer Products Safety Improvement Act of 2008 (H.R. 4040) was signed into law recently, leaving SGMA president Tom Cove worried that businesses will follow Wal-Mart’s lead and immediately trash all of their inventory containing phthalates. Cove urg
Russell Athletic Named ‘Title Sponsor’ of NAIA Championship
Russell Athletic and the Host Committee for the National Association of Intercollegiate Athletics (NAIA) football national championship entered an agreement that grants Russell Athletic “title sponsorship” rights for the 2008 and 2009 NAIA Championships.
Academy Sports Kicks Off National Ad Campaign through VYPE
VYPE signed its first national advertising contract with Academy Sports and Outdoors to provide targeted advertising in eight regions across the U.S. Through VYPE’s locally produced magazines and websites, Academy will reach key market demographics with f
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