Potential CIT Bankruptcy Could Rattle Retail

CIT Group Inc., a significant lender to small and medium-size businesses in the retail industry, could be forced into bankruptcy proceedings barring a last-minute deal to renegotiate its sizeable debt load. A bankruptcy threatens to disrupt the flow of m

Victoria’s Secret Expands PINK Collegiate Collection

Victoria's Secret's PINK Collegiate Collection has been expanded to more than 50 colleges and universities. VS PINK launched its co-branded Collegiate Collection in July 2008, which features VS PINK's brand iconography and the names and log

Callaway Golf Lowers Guidance for the Year

Callaway Golf Co. said its preliminary financial results show its second-quarter per share profit fell sharply on weaker sales, prompting the company to lower its guidance for the rest of the year…

Play It Again Sports Parent Posts Profit Gain

Winmark Corp., the parent of Play It Again Sports, reported net income increased 28.1% in the second quarter to $1.2 million, or 22 cents a share, from $930,500, or 17 cents, a year ago. Sales were virtually flat at $8.8 million versus $8.7 million a year

Former Nautica Founder Partners with Jack Nicklaus

The Nicklaus Companies and David Chu Management Group (DCMG) have have established a strategic partnership to develop and evolve the Nicklaus Brands in the lifestyle category. Chu first rose to prominence in the eighties with the success of his lifestyle

Amazon.com Launches Outdoor Recreation Store

Amazon.com launched its new Outdoor Recreation Store focusing on outdoor gear and apparel. Amazon.com's growing selection of merchandise is complemented by offerings available from leading outdoor merchants, including Altrec, Backcountry and Mountain

BOSG Hires New England Rep

The Boulder Outdoor Specialty Group (BOSG) added Dan Burke to its rep team. As a New England territory sales manager, Burke will assist current clients and opening new accounts in upstate NY, ME, VT, NH, MA, RI, and CT…

Black Diamond Wins AMGA Industry Award

Black Diamond is the 2009 recipient of the American Mountain Guides Association’s (AMGA) Industry Award. AMGA Executive Director Betsy Novak will present the award to Black Diamond at this year’s Summer Market Outdoor Retailer Show…

Nike Opens Action Sports Store

Nike Inc. has opened a Nike 6.0, Hurley and Converse concept store at 225 Forest in Laguna Beach with a focus on customization. The new three-story concept, entitled 225 Forest, marks the first time Hurley, Nike 6.0, Converse and Nike SB are being sold by

Modell’s Recognized for Job Creation in Harlem

Modell's Sporting Goods was honored for its commitment to supplying jobs to local Empowerment Zone residents in Harlem. At a press conference held on July 6 at Modell's store at 300 West 125th Street, NYC officials also discussed Modell's u