Garmin Ltd. has signed a letter of intent for the proposed acquisition of Fairpoint Navigation A/S, the distributor of Garmin's consumer products in Denmark. The completion of the acquisition remains subject to the negotiation and execution of a defi
Category: Outdoor
TJX September Comps Increase 2%
The TJX Companies September 2007 sales were $1.8 billion, up 5% over the $1.7 billion achieved during the five-week period ended October 7, 2006. Consolidated comparable store sales for the five-week period ended October 6, 2007, increased 2% over last ye
Ross September Comps Remain Flat
Ross Stores, Inc. reported sales of $537 million for the month of September, a 5% increase over the $510 million in sales for the five weeks ended October 7, 2006. Same store sales for the five weeks ended October 6, 2007 were flat compared to the five we
Kohl’s Comps Decline 3.2%
Kohl's Corp reported comparable store sales fell 3.2%. The mid-tier department store operator also said Q3 earnings would come in at the low end of its former guidance…
Heelys Sues Wal-Mart
Heelys has filed a lawsuit against Wal-Mart Stores Inc. for making knockoff skates that Heelys claims violate a patent. According to a complaint filed in Dallas federal court, Wal-Mart sells a knockoff model called Spinners that violate Heelys patent on a
Nautilus Renegotiates Debt Agreement
Nautilus, Inc. signed a proposal letter with Bank of America, N.A. to expand its current debt facility to a 5-year, $150 million asset-based loan with a $50 million accordion. The fitness company has targeted to close the new facility by year-end 2007, su
The Conservation Alliance Distributes $400,000 in Grants
The Conservation Alliance sent checks totaling $400,000 to 17 organizations working to protect wild places throughout North America. The donations marked the Alliance’s final disbursal of funding for 2007, and represent the largest single funding round in
Pony Partners with PPG Industries
Pony International announced a partnership with PPG Industries, a supplier of paints, coatings, chemicals, optical products, specialty materials, glass and fiberglass. Pony said that PPG's state-of-the-art coating systems will enable Pony to infuse
Finish Line Lenders Extend Deadline to April
Finish Line Inc. said Thursday its lenders will extend the termination date for financing the retailer's proposed $1.5 billion takeover of Genesco Inc. UBS Loan Finance LLC and UBS Securities LLC extended the termination date to April 30, 2008, from
PacSun September Comps Climb 2.7%
Pacific Sunwear of California total sales for September were $106.2 million, an increase of 5.3% over total sales of $100.9 million during the same five week period ended October 7, 2006. Total Company same-store sales increased 2.7% during the same perio
Stein Mart Comps Fall 9.1% in September; Cuts Guidance
Stein Mart September sales declined 3.2% to $127.2 million compared to $131.4 million for the same period last year. Comparable store sales decreased 9.1% for the same period…
Nike Names CEO of Hurley; VP of Global Apparel
Nike, Inc. named Jill Stanton as VP of global apparel for the Nike brand. She succeeds Roger Wyett, who has been named CEO of Hurley International. Joe Serino, who brings over 25 years of experience in the apparel industry, will become the new VP of appar
Cabela’s Adds Former West Marine CEO to Board
Cabela's Incorporated has added John H. Edmondson to its Board of Directors. Mr. Edmondson brings extensive merchandising experience and a strong marketing background to the Cabela's board. Most recently, he was with West Marine, Inc., serving a
Jack Wolfskin to Build New EU Warehouse
ProLogis will build a new industrial warehouse in northern Germany for Jack Wolfskin, a leading European provider of outdoor equipment, footwear and apparel. The 366,000 square foot facility will be developed on land recently acquired by ProLogis southwes
Iconix Brings on New Board Member
James A. Marcum has joined the Iconix Brand Group, Inc., Board of Directors. Since January 2004, Mr. Marcum has been a Partner and has served as an Operating Director of Tri-Artisan Capital Partners, LLC, a merchant banking firm. In addition, since April
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