SGB Executive Outdoor
Pearl iZumi to be Sold to Shimano
Nautilus, Inc. has agreed to sell its Pearl iZumi apparel and footwear segment to Shimano American Corporation, a division of Shimano, Inc. The transaction value of $69.5 million is comprised of $65.3 million in cash and the assumption of $4.2 million in
Currie Tech Acquired by PE Firm
Currie Technologies, a manufacturer of electric bicycles, and scooters, has been acquired by Risk Equity Partners (a California-based investment group). The transaction was successfully consummated on Friday February 15th…
Adams Golf Sets One-For-Four Reverse Stock Split
Adams Golf, Inc. said the Over-The-Counter Bulletin Board’s Corporate Actions group approved the company’s one-for-four reverse stock split. Additionally, the state of Delaware approved the company’s Certificate of Amendment to its Certificate of Incorpor
Chinese Production Prices Rise 6.1% in January
The Chinese government reported that the Producers’ Price Index (PPI) for manufactured goods rose at its fastest rate in three years in January. Prices for crude oil rose 29.9%, while prices for latex surged 20.7%. The index rose relatively modestly in th
FDA Clears Textronics’ Sensor Textiles for Healthcare Use
Textronics, Inc. has been cleared by the FDA to take its ECG Electrode textiles to market in the healthcare market. The company said the FDA cleared ECG Electrode for use in general electrocardiograph monitoring and recording procedures. Textronics alrea
Invista to Boost RandD at Ontario Nylon Plant
INVISTA is investing in a multi-million-dollar R&D pilot facility at its Kingston, Ontario, nylon manufacturing facility. The lab will focus on nylon 6,6 and other modified nylon proudcts and support INVISTA’s growth initiatives in North America, Europe a
Warnaco Sells Lejaby
The Warnaco Group, Inc. entered into an agreement to sell its Lejaby business to Palmers Textil AG for approximately €32.5 million (approximately $47 million) in cash and €12.5 million (approximately $18 million) in an interest free note due December 31,
REI Recognized for Conservation Work
The Natural Resources Council of America (NCRA) bestowed its Corporate Stewardship Award to Recreational Equipment, Inc. (REI) for unparalleled corporate leadership in support of conservation programs in America…
Smith Names PR Communications Manager
Smith has appointed Greg Randolph to the newly-created position of PR Communications Manager within its marketing department. Since 2003, Randolph, a former Olympic and professional athlete, has been the Bike Promotions Manager at Smith managing a highly
Stein Mart’s Comps Slide 2.5%; Forecasts Q4 Loss
Stein Mart, Inc. reported comparable store sales fell 2.5% in January. Total sales fell 19.1% to $81 million from $100.1 million. Management now expects fourth quarter operations will produce a net loss of $(0.28) to $(0.33) per diluted share..
Bon-Ton Posts 1.3% Consolidated Comps Decline
The Bon-Ton Stores, Inc. reported combined comparable store sales for fiscal January decreased 1.3% compared to the prior year period. Carson’s comparable store sales decreased 3.2% and Bon-Ton comparable store sales increased 2.4% compared to the prior y
Gottschalks Posts 7.4% January Comps Decline
Gottschalks Inc. reported a 7.4% decrease in January comps. Total sales for the four-week month decreased 30.8% to $30.1 million from $43.5 million for the five-week period ended February 3, 2007. Excluding the additional week in January 2007, total sales
Nordstrom Comps Drop 6.6%
Nordstrom, Inc. reported January same-store sales decreased 6.6 percent and total sales decreased 20.3 percent. Sales fell to $486.3 million for the four-week period ended February 2, 2008, compared to sales of $610.1 million for the five-week period ende
DSW Comps Fell 1.7% in Latest Quarter
DSW Inc. reported net sales for the thirteen-week quarter ended Feb. 2, 2008 increased 1% to $332.5 million compared with $329.1 million for the fourteen-week quarter ended Feb. 3, 2007. Same store sales decreased 1.7% for the comparable thirteen-week per
Timberland Sees Net Income Down 33.4% on Sales Decline
The Timberland Company recorded fourth quarter net income $24.1 million, down 33.4% from the year-ago result of $36.2 million. Revenue fell 9.3% to $442.7 million as U.S. revenues declined 17.3% to $258.6 million. Foreign exchange rate changes increased f
