Myron E. (Mike) Ullman, III, chairman and chief executive officer of J. C. Penney Company, Inc., announced that Ron Johnson, has been named the company's next chief executive officer, succeeding Ullman in that role. Johnson will assume the CEO positi
Category: Sports/Fitness
SandP Lowers Outlook On Collective Brands
Standard & Poor's Ratings Services lowered its outlook on Collective Brands Inc. (PSS) to stable from positive. The rating agency said high unemployment and rising product costs weighed on the footwear retailer's performance…
VF Corp. to Acquire The Timberland Co. in $2B Deal
VF Corporation and The Timberland Company today jointly announced that they have signed a definitive merger agreement. VF will pay Timberland shareholders $43 per share, representing a total enterprise value of approximately $2 billion net of cash acquire
Fireman Capital Partners Invests in Newton Running
Paul Fireman, the Founding CEO of Reebok International, and his company Fireman Capital Partners, returned to the business of high performance athletic shoes with a “significant investment” in Newton Running Co., a manufacturer of natural running footwear
FFANY, Investor Conferences Provide Forward Look at Product, Margins and Strategy
Minimalism. During a week of sweltering temperatures that made New York City feel more like the Deep South rather than the Northeast, that one word — minimalism — was uttered more frequently by more brands to describe direction for Spring 2012 than any on
Lids Sports Group Acquires Buckeye Corner Stores
Lids Sports Group has acquired Buckeye Corner stores, which operates in the Columbus, OH area. The acquisition is made up of four store locations, an e-commerce website, and a catalog business. Terms of the deal were not disclosed…
Golf DMD Sales Approaching $170 Million
Golf Datatech, LLC released a study finding that the size of the market for Distance Measuring Devices (DMD) is approaching the on-off course putter market in total sales, and may reach as high as $170 million in annual sales across all retail channels in
Jarden Corp. Sees Trade-Offs in Weather Issues
At Jarden Corp., President, CEO and COO Jim Lillie said the 2011-12 ski season is shaping up nicely…
Pacific Sunwear to Focus on Women’s Biz, Footwear Re-Entry for Growth
At the Piper Jaffray Consumer Conference, management for Pacific Sunwear said the retailer hopes to continue building momentum from its first positive quarterly comp since 2007 by continuing a re-branding effort in its stores…
Forzani Group Sees May Comps Resume Growth After First Quarter Decline
The Forzani Group Ltd. said same-store sales rebounded strongly in May after dropping off in the fiscal first quarter due to a late spring and the anticipated difficulty of matching sales from a year earlier when the Winter Olympics in Vancouver spurred s
Skullcandy Inc. Reports Fiscal Third Quarter Sales Spike As IPO Approaches
Skullcandy, Inc. which is in the midst of a $125 million IPO, filed a report with the SEC confirming that net sales for the third quarter ended March 31 increased $14.3 million, or 65.9 percent, to $36.0 million from $21.7 million for the three months end
Brazil Displaces China as Best Retail Expansion Market in A.T. Kearny Index
Brazil has replaced China as the most desirable country for global retail expansion, according to the latest Global Retail Development Index (GRDI) published by A.T. Kearny. Brazil rose from fifth place, while China fell to sixth place and Uruguay, Chile,
Portland, OR Plants Another Flag in Outdoor Apparel and Footwear Industry
Portland, OR took another step toward securing its place as a leading hub in the outdoor apparel and footwear industry last week with it announcement that it is underwriting a grant program to help local companies advance their sustainable business practi
Boxercraft Appoints CEO
Boxercraft Incorporated, a supplier of spiritwear, campus apparel, and licensed collegiate apparel based in Atlanta, announced the election of Charles A. Sutlief as the company's new chief executive officer…
Respect Your Universe Appoints Erick Siffert as COO
Respect Your Universe, the MMA brand, appointed Erick Siffert as chief operating officer effective June 7th, 2011. Siffert previously served as director of product operations at lululemon athletica…
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