The Wrangler brand, which is owned by VF Corp., introduced a new footwear line, exclusively at Kmart. The line includes sandals, casual shoes and work and hiking boots for men…
Category: Sports/Fitness
Hedge Fund Loses Bid for Forzani Board Seats
Shareholders of Forzani Group Ltd. rebuffed the attempts of a dissident investor to get two directors elected to its board of directors. U.S. hedge fund Crescendo Partners, which controls about 5% of Forzani's shares, had pushed for the election of B
OIA: April Outdoor Sales Indicate Declines Easing, Shoppers Returning
Retail sales for all core outdoor stores combined (chain, internet, specialty) grew 2% compared to last April, moving from $339 million to $347 million, according to the most recent edition of The Outdoor Industry Association (OIA) Outdoor Topline Report.
Iconix Closes Common Stock Offering
Iconix Brand Group, Inc. announced the closing of the public offering of 11.5 million shares of its common stock at a price to the public of $15.00 per share, of which 800,000 shares were sold by certain selling stockholders named in the prospectus…
Dorel Hires Human Resources Officer, Recreational/Leisure
Dorel, the owner of Cannondale, Schwinn, GT, Mongoose and SUGOI, hired Lila Campbell as its new chief human resources officer – global for the Recreational/Leisure Segment. Most recently, she served as the group executive director of human resources for C
Forzani to Test GNC In-Store Shops
The Forzani Group Ltd. and General Nutrition Centres Co. announced a partnership that will put GNC performance nutrition boutiques within FGL stores. The first pilot market will be in Calgary, Alberta this fall…
Nike Names New U.K. Marketing Director
Nike named Gino Fisanotti as its new marketing director for the U.K. and Ireland. Fisanotti, currently EMEA brand director, replaces Simon Pestridge, who in early June was promoted to the role of global brand director, based in the U.S…
Report: Eddie Bauer Probing Bankruptcy Filing
Eddie Bauer Holdings may seek bankruptcy protection as soon as this week, people knowledgeable with the situation told Bloomberg News. According to the report, Hilco Consumer Capital has expressed interest in acquiring the outdoor retailer. CCMP Capital A
Recall: REI Bicycles
Recreational Equipment Inc., in cooperation with the U.S. Consumer Product Safety Commission, has announced a recall of 2005 Novara Trionfo Bicycles. The fork can separate from the steerer tube which can cause the rider to lose control, posing a fall haz
Tactical Holdings Acquires Massif Mountain Gear
Tactical Holdings and its equity partner, Golden Gate Capital, late last week completed an investment in Massif Mountain Gear Company. Massif manufactures and sells flame resistant performance technical apparel in the United States. Its primary customers
Cabela’s Renews Credit Card Facility
Cabela’s Inc. announced that Wachovia Bank, National Association has renewed its $225.0 million commitment under an outstanding series of variable funding notes issued by Cabela's Credit Card Master Note Trust. The commitment is for one year…
Men’s Wearhouse Bids $67M for Filene’s Basement
Filene's Basement announced that an affiliate of Men's Wearhouse emerged as the winning bidder in a nine-hour bankruptcy auction for assets of the off-price chain that was held in Manhattan on Friday. Other bidders included Syms and New York re
Ross Stores Comps Up 4% in May
Ross Stores, Inc. said sales for the four weeks ended May 30, 2009 increased 10% to $564 million from $513 million for the four weeks ended May 31, 2008. Same store sales for the month increased 4% on top of a strong 7% gain in the prior year…
Stein Mart Q1 Sales Dip 9.2%, Comps Fall 8%
For the first quarter ended May 2, 2009, Stein Mart earned $16.1 million or 38 cents per diluted share as compared to $7.0 million or 17 cents per diluted share in 2008. As previously reported, net sales for the first quarter decreased 9.2% to $319.6 mill
Iconix Raises $131M in Stock Offering
Iconix Brand Group, Inc. expects to receive proceeds of approximately $131.4 million from the offering of 9.2 million shares. Proceeds will reach approximately $152.9 million if the underwriters exercise their option to purchase additional shares in full.
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