Eddie Bauer to Issue Warrants to Creditors
Eddie Bauer Holdings, Inc. said it has executed an amendment to its $225 million term loan agreement including an agreement to issue to its lenders $0.01 exercise price warrants exercisable for 19.9% of the company's common stock on a fully-diluted b
Dorel’s CEO Upbeat at 2010
Dorel Industries Inc. President and CEO, Martin Schwartz, told shareholders attending its annual meeting that Dorel's products have traditionally been resilient in recessionary times. Despite current and past difficult economic times, consumers have
Genesco Q1 Net, Comp Sales Slightly Increase, Outlook Remains Steady
Genesco Inc. said net sales for the first quarter of fiscal 2010 increased 4% to $370 million from $357 million in the first quarter of fiscal 2009. Comparable store sales increased by 2%. The Journeys Group's comparable store sales for the quarter r
Goodhew Socks Partner with Darby Communications for PR
Goodhew, LLC, designer and marketer of lifestyle, high-performance socks and fine-apparel accessories, has partnered with North Carolina-based public relations firm Darby Communications. The partnership is effective immediately…
Perry Ellis’ Q1 Sales Drop 9.7%; Swimwear Sales Grow
Perry Ellis International, Inc. reported first-quarter revenues fell 9.7% to $220.0 million compared to $243.5 million a year ago, but its core sports brands delivered gains. Strong performance of its golf brands at department and mid-tier stores increase
Shoe Carnival Q1 Sales Increase, Comps Remain Steady
Shoe Carnival, Inc. had sales for the first quarter ended May 2, 2009 of $167.3 million compared to sales of $162.1 million for the prior year first quarter, an increase of 3.2%. Comparable store sales declined 0.3%…
Bon-Ton Q1 Remains in Line with Guidance with Reduced Inventories
The Bon-Ton Stores, Inc. said total sales for the first quarter of fiscal 2009 ended May 2, 2009. were $644.5 million compared with $700.2 million in the first quarter of fiscal 2008. The gross margin rate for the first quarter of fiscal 2009 increased 80
Stein Mart Q1 Comps Fall as Earnings Rise with Controlled Inventories
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
Ross Q1 Comps Up 3% as Sales Grow 9%
Ross Stores, Inc. said earnings per share for the 13 weeks ended May 2, 2009 rose 20% to 72 cents, from 60 cents for the 13 weeks ended May 3, 2008. First quarter 2008 results included a real estate settlement that increased earnings per share by about 2
Shoebuy.com Recognized for Supporting Homeless Veterans
Shoebuy.com was named a recipient of the National Coalition for Homeless Veterans Corporate Partner Award of 2009. This honor, announced at the NCHV Annual Conference in Arlington, Virginia, recognizes Shoebuy.com's extensive efforts to dedicate reso
2XU Names National Sales Manager for Compression Division
Sports Multiplied, USA distributor for 2XU performance athletic apparel has named Johnny West it’s national sales manager for its 2XU Compression division. West comes with vast experience in the outdoor industry having worked for brands such as K2 Sports
Forzani Responds to Dissident Proxy Circular
The Forzani Group Ltd. mailed to shareholders a letter and accompanying WHITE proxy. The letter from Chairman John Forzani responds to a dissident proxy circular issued by the New York hedge fund Crescendo Partners, which opposes two Forzani nominees for
JJB Sports Sees YTD Comps Tumble 23%
JJB posted a net loss of 167.6 million pounds ($264.6 million) for the year ended Jan. 25 compared with a profit of 9.6 million pounds for the same period a year earlier. The company took an exceptional charge of 171.7 million pounds due to store closures
Broder Bros. Successfully Completes Financial Restructuring
Broder Bros., Co. said it has completed its previously announced financial restructuring through the settlement of its private exchange offer. The imprintable sportswear distributor had warned that a bankruptcy filing would be likely it it failed to compl
Golfsmith Acquires Rights to MacGregor Golf
Golfsmith International Holdings, Inc. has acquired full intellectual property rights to the MacGregor Golf brand throughout North and South America, Europe, Australia/New Zealand, and Africa. New MacGregor products will be available as soon as Holiday 20
