Kellwood Company entered into a merger agreement with Sun Capital providing for a prompt merger if Sun Capital's tender offer is successful on February 12. The KWD Board of Directors is now recommending that stockholders tender their shares into the
Category: Outdoor
Cloudveil Caught in a Spyder’s Web…
The industry's other big deal of the week was Spyder Active Sports, Inc.'s acquisition of Cloudveil Mountain Works, Inc. Although it is essentially a transaction between two private equity firms, Cloudveil VP, co-founder and product designer Ste
But West 49 Hurt by Weak Dollar…
West 49 Inc., an action sports retailer in Canada, reported that fourth quarter net sales increased 0.8% to CA$62.4 million ($63.1 mm) from CA$61.9 million ($53.8 mm) for the fourth quarter of fiscal 2007…
More from Softgoods on the Trade Show Circuit…
Holden founder and now co-owner Mike LeBlanc sat down with BOSS to talk over the major developments for his brand, namely, the end of the company’s relationship with K2 and new parent company, Jarden Corp. Previously, the Holden side of the business took
Nike Creates Pink Uniforms to Support Cancer Research
Nike announced that it will support the Women's Basketball Coaches Association's (WBCA) Kay Yow/WBCA Cancer Initiative week by creating head-to-toe pink uniforms for four of its partner schools. The special pink uniforms will be worn Feb. 10 whe
Allied Capital Commits $68 Million to Augusta Sportswear
Allied Capital Corporation said it has invested $68 million of secured second lien debt plus a minority equity co-investment to support the buyout of Augusta Sportswear Group by private equity firm Quad-C Management. As reported, Linsalata Capital Partner
Dillard’s, Inc. Reports 12% Same-store Decline
Dillard’s, Inc. reported sales for the four weeks ended February 2, 2008 fell 12% to $435.3 million from $622.0 million a year ago. Comps fell by the same amount…
LaCrosse to Ship More Cold Weather Boots to Marines
LaCrosse Footwear, Inc.'s Danner subsidiary won a $900,000 delivery order under its Mountain Cold Weather Boot contract with the United States Marine Corps. Danner will supply the troops in Afghanistan with 5,730 pairs of the boot in several shipment
BJ’s Posts 7.8% Comp Sales Increase
BJ’s Wholesale Club, Inc. reported that comp store sales in January increased by 7.8%, including a contribution from sales of gasoline of 2.6% and a negative impact from the absence of pharmacy sales of 0.3%. The company said total sales for the month of
American Sporting Goods Names Purvy General Manager
American Sporting Goods (ASG) named Rob Purvy general manager. He will oversee business and product development amongst the And 1, NSS, Triple Five Soul and Avia Retro brands…
Saks Comps Grow 4.1%
Saks Inc. announced that January 2008 comparable store sales increased 4.1% over the prior year. Fiscal fourth quarter comparable store sales increased 9.0% over the prior year, which was consistent with management’s previously disclosed expectation of a
Recall: 49,000 Trek Girls Bikes
Trek Bicycle Corp. is voluntarily recalling about 49,000 girls bicycles because the bike frames may break while in use. Trek has received 13 reports of frames breaking, including four minor injuries, the U.S. Consumer Product Safety Commission…
Target’s Comps Slide 1.1%
Target Corp. reported that its net retail sales for the four weeks ended February 2, 2008 increased 5.4 percent compared to the four weeks ended January 27, 2007. On this same equal-week basis, January comparable store sales decreased 1.1 percent. On a fi
J.C. Penney Comps Off 1.9%
J. C. Penney Company, Inc. comparable department store sales decreased 1.9 percent for the four weeks ended Feb. 2, 2008, compared with guidance for a mid-single digit decrease and a 3.6 percent increase in last year’s January period. Total department sto
Shoe Carnival Reports 5.7% Decline in Q4 Comps
Shoe Carnival, Inc. reported a 7.3% decline in sales for the thirteen-week fourth quarter to $164.3 million from sales of $177.2 million for the fourteen-week period last year. Sales of approximately $11.5 million were recorded in the extra week of the fo
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