Steve and Barry’s Agrees to $163 Million Sale

Steve & Barry's LLC said on Monday it agreed to be bought by a unit of investment firm Bay Harbour Management for $163 million. The 276-store chain said it filed a “stalking horse” agreement with the bankruptcy court, an initial bid solicited strateg

Boscov’s Files for Bankruptcy

Boscov's Inc., the department-store chain based in Reading, PA, filed for Chapter 11 bankruptcy protection in Wilmington, Delaware, citing decreased consumer spending. The privately-held company will immediately close 10 of its 49 stores. The company

Adidas Q2 Earnings, Outlooks Rise

Adidas reported an 11.7% rise in second quarter net income thanks to strong sales in Asia and Latin America and raised its 2008 outlook accordingly. Net income rose to €116 million ($181 mm) from €104 million ($140 mm) a year earlier. Sales rose 5% to €2.

SGMA: Doha Round Meeting Fails

In a statement, the SGMA said that on July 29, after nine days of meetings in Geneva, Switzerland, trade ministers gave up on their efforts to forge a consensus on modalities for the Doha Round agricultural and non-agricultural market access (NAMA) negoti

Twins Enterprise Opens Flagship Store in Boston

Twins Enterprise, Inc. opened the doors of its new flagship company store on famed Newbury Street in Boston. The store, named ’47 for the year in which twin brothers Arthur and Henry D’Angelo founded Twins Enterprise, is located at 286 Newbury Street…

Grabber and RopeLok Partner

Grabber has inked an exclusive distribution partnership with RopeLok, the manufacturer of the No Knot RopeLok, a tie-down product with lever locking technology that eliminates the need for tying knots…

Visitor Numbers Up for 3rd Asia Outdoor Show

The third annual Asia Outdoor trade show concluded on August 2nd after hosting nearly 9400 visitors, over 14% more than last year's show. Visitor numbers for the trade show were also up despite visa restrictions amidst the run-up to the 2008 Beijing

Cabella’s Reports Credit Card Debt

Cabela’s Inc. said earnings slid 35.4% on a 16.6% rise in sales due largely to higher net charge offs of bad debt in its credit card business – a major source of profits for the retailer that is now masking improvements at it retail operations. Total reve

Garmin’s Outdoor/Fitness Q2 Revenues Jump 54%

Garmin Ltd. reported revenues in its Outdoor/Fitness segment revenue increased 54% to $119 million in the second quarter. The gains were largely due to the strength of product introductions in the quarter. Financial highlights from the second quarter incl

Timberland Trims Second Quarter Loss

The Timberland Co. said its U.S. sales fell 13% in the second quarter – historically the company’s weakest – while wholesale shipments fell 10.1% worldwide as it continued to shut under-performing stores and prepare for critical global product launches in

Sport Chalet Feels Pain of Soft SoCal Market

Sport Chalet, Inc. saw sales and earnings decline as the retailer found conducting business in the Southern California market to be a tough thing to do. The retailer did see “fairly good strength” in men's apparel business along with the fitness busi

Under Armour Posts Strong Q2 Sales Growth

Under Armour closed its second quarter with sales above the year-ago period, while cluing analysts in to its plans for new product launches in the back half of this year and the first half of 2009. However, net income declined as a result of front-loaded