Kellwood Looks to Restructure Debt
Over the past two months, Kellwood has been seeking to renegotiate a $140 million bond issue which matures this month. The company is looking to execute an exchange with a group of bondholders to create a better deal for them which matures in 2014. Unfor
Department of Education Awards $78 Million in PEP Grants
The Department of Education announced the recipients of $78 million in Carol M. White Physical Education Program (PEP) grants. New PEP grants, totaling $26.5 million, will be distributed to more than 140 school districts and community based organizations
Eddie Bauer May be Liquidated, VF Corp. Emerges as Possible Bidder
According to several financial media outlets, Eddie Bauer may be headed to a liquidation sale. Reports state that Monarch Alternative Capital and Anchorage Advisors, the two lenders that control Eddie Bauer's $200 million in debt, may bring in Hilco
Boulder Outdoor Specialty Group Adds to Inside Sales Team
The Boulder Outdoor Specialty Group (BOSG), a collection of six outdoor industry brands, has added Dan Burke to its team of territory sales managers. As a New England territory sales manager, Burke will work out of his office in Amherst, NH and be tasked
Outdoor Research Names Director of Marketing
Outdoor Research has added Charles Lozner as director of marketing. Lozner will manage and support the efforts of the brand, marketing and PR divisions at Outdoor Research. As a recent Brand Director for K2 Sports…
NRF and AAFA Call for Government Assistance for CIT Group
The National Retail Federation (NRF) and the American Apparel & Footwear Association (AAFA) both asked the Obama Administration and members of the U.S. Congress to provide government assistance to CIT Group Inc., saying failure of the major lender could h
Big City Mountaineers Names New Executive Director
Big City Mountaineers appointed Syd Jones as its new Executive Director. Jones takes over the reigns from Mark Godley, who served as the organization’s director since 2003. Jones spent the past 25 years at IBM in various sales and marketing positions. He
Pony Launches Breast Cancer Awareness Campaign
Pony, the athletic footwear brand, has teamed up with Keep A Breast Foundation with the “Check Your Self” Collection to raise breast cancer awareness and prevention amongst young women. The collection will be exclusively available at The Finish Line…
Famous Footwear Launches First Nationwide Advertising Campaign
Famous Footwear launched its first nationwide branding, advertising and social media campaign with the tagline, “Make Today Famous.” The branding campaign includes Famous Footwear's first-ever national cable television advertising campaign and radio
L.L. Bean Will Only Open One Store This Year
L.L. Bean now plans to open only one store this year. In December 2008, L.L. Bean said it was only opening two of the eight stores it expected to open in 2009 while also announcing a plan to offer voluntary retirement incentives to some employees…
RECALL: Rossignol Cross-Country Boots
The U.S. Consumer Product Safety Commission and Health Canada have issued a voluntary recall of Rossignol Cross-Country Boots. Consumers should stop using recalled products immediately unless otherwise instructed. The boot's sole could separate from
Wolverine World Wide Q2 Net Falls 53% on Restructuring Charges; Raises FY EPS Outlook
Wolverine World Wide, Inc. said that adjusting for changes in foreign exchange rates, revenues in the second quarter declined only 3.1%. An “excellent performance” in the U.S. was offset by challenging trading conditions in many major global markets…
Study: Physically Fit Kids Get Better Grades in School
Physically fit elementary- and middle-school students perform better academically than their out-of-shape classmates, according to a study carried out in the New York City school system…
CIT Group Facing Liquidity Crisis
CIT Group, the largest factoring company involved with the soft goods industry, is facing a liquidity crisis. The Wall Street Journal reported that CIT has $2.7 billion in debt that comes due this year, and said some analysts have speculated the company m
VF Corp. Becomes Possible Bidder for Eddie Bauer
VF Corp, the parent of The North Face and Vans, may be a possible bidder in the bankruptcy auction for the assets of Eddie Bauer Holdings Inc., according to a court document…
