Pacific Sunwear January Comps Decrease 7.4%
Pacific Sunwear of California, Inc. saw net sales for the four weeks of fiscal January decreased 3.7% to $66.3 million from $68.9 million for the same four week period last year. PacSun sales were $59.6 million, a slight increase over last year, but demo
Comcast Exec Joins GSI’s Board
GSI Commerce Inc. announced that Lawrence S. Smith,a former exec at Comcast Corp., has been elected by the company's board of directors to serve as a director of the company. Smith will stand for re-election for a one-year term at the company's
prAna Management Team Buys Back Brand with PE Help
Liz Claiborne Inc. has entered into an agreement to sell substantially all of the assets and liabilities of prAna to prAna Living, LLC, a company formed by prAna's management team and Steelpoint Capital Partners for a purchase price consisting of a $
Sun Capital Urges Kellwood Shareholders to Accept Offer
Sun Capital Securities Group, LLC sent the following letter urging Kellwood Company’s shareholders to tender their shares into Sun Capital’s previously announced $21.00 per share all-cash tender offer. The tender offer and withdrawal rights are scheduled
Dale Earnhardt Jr. to Debut adidas Three Stripes at Daytona
Dale Earnhardt, Jr. will debut the adidas three stripes at the 2008 Daytona Speedweeks. On Feb. 15, Dale Jr.'s exclusive adidas JR. Nation Gear will go on sale at Sports Authority available first in Daytona…
Red Oak Sportswear to Cease Operations
Red Oak Sportswear, the maker of licensed sports apparel in College Station, TX, plans to cut 124 jobs as it winds down operations, according to documents filed with the Texas Workforce Commission. The company, a division of Illinois-based Knights Apparel
Magic Tradeshow Moves to Three-Day Format
Magic International's flagship event will move from four days to three this year in response to exhibitor and visitor requests. Magic, WWDMagic, Magic Kids and Sourcing at Magic are all affected by the change, which takes effect with this summer'
Zumiez Comp Sales up 1.7% in January
Action sports retailer Zumiez Inc. said comp store sales increased 1.7% for the four-week period ended Feb. 2, 2008, versus a comparable store sales increase of 12.4% for the four-week period ended Feb. 3, 2007. Total net sales for the period increased 16
REI Sees 8.2% 2007 Comps Growth
Recreational Equipment, Inc. (REI) reported sales of $1.34 billion for fiscal year 2007, growing 13.5% from 2006. In addition, REI’s comp store sales showed continued strength in 2007 at 8.2%, marking three consecutive years of 8% or higher. For the year,
Co-Founders Buy Back Prana
In a management-led buyout, Beaver Theodosakis and his Prana co-founders are taking back the apparel company from Liz Claiborne, with help from private equity firm Steelpoint Capital Partners…
Weyco Group to Introduce Duckie Brown Shoes
Weyco Group Inc. will introduce a co-branded collection of men's shoes with uber-trendy men's apparel designer Duckie Brown…
Sharing the Wisdom
As long as people find peace outside, specialty retailers will be there to answer the eternal question, “What should I buy?”…
Sport-Haley Shares Transfer to Nasdaq Capital Market
Sport-Haley, Inc. reported that it received a letter from The Nasdaq Stock Market, Inc., dated January 31, notifying the company that Nasdaq's staff approved its application to transfer its securities to The Nasdaq Capital Market. Nasdaq further advi
Crocs, Inc. Launches Recycled Footwear Program
Crocs, Inc. officially launched SolesUnited(SM), a first-of-its-kind recycled footwear donation program. With support from a network of shipping and charity partners like Brothers Brother Foundation and Feed The Children, Crocs set a goal of donating two
Veltec Becomes Descente Licensee
Veltec has signed an agreement with Descente, Ltd. to become the licensee of the Descente brand for the cycling, triathlon, running and fitness markets, in North America and Europe beginning February 1. Descente will be a part of Veltec’s newly formed sof
