Payless Names SVP, General Merchandising Manager, Int’l
Payless ShoeSource hired Scott Ramsland as senior vice president, general merchandising manager, international, reporting to Matt Rubel, chief executive officer and president, Payless…
NRF: Credit Crunch to Damper Holiday Sales
The National Retail Federation expects sales for the upcoming 2007 holiday season to rise 4.0% this year to $474.5 billion. The 2007 holiday sales increase is expected to fall below the ten-year average of 4.8%. It would represent the slowest holiday sale
Genesco to The Finish Line: ‘Consummate the Merger’
Hal Pennington, chairman and CEO of Genesco Inc., on Wednesday sent a letter to Alan Cohen, chairman and CEO of The Finish Line, Inc. requesting that Finish Line “immediately consummate the merger with Genesco” and that both Finish Line and UBS, the deal&
Carhartt to Cut 33 Jobs
Carhartt Inc. announced it will convert operations at its Galesburg, IL, sewing plant to a distribution facility. This will result in the loss of 33 jobs, effective Dec. 31. The plant primarily manufactures a couple of styles of cotton canvas jackets…
Fruit of the Loom to Close Honduras Plant
Fruit of the Loom Inc will close its Jerzees de Choloma plant in Choloma, Honduras, within the next few months, resulting in a loss of 800 jobs. According to a brief statement, the decision to close the facility resulted from a shift in product demand and
Brunswick Names Deputy General Counsel
Brunswick Corporation appointed Kristin M. Coleman, 39, as its deputy general counsel and assistant secretary, reporting to Lloyd C. Chatfield, vice president, general counsel and secretary…
Everlast Shareholders Approve Merger
Everlast Worldwide Inc. announced that it has received shareholder approval of the acquisition of Everlast Worldwide Inc. by Brands Holdings, a subsidiary of U.K. retailer, Sports Direct. At a special meeting of Everlast's shareholders held Wednesda
Sport Chalet Expects Steep Net Income Decrease for Q2
Sport Chalet, Inc. expects to report second quarter net sales in the range of $97 million to $98 million up from $91.3 million in the same period of the prior year. Comparable store sales for the second quarter are expected to decline in the range of 2% t
RECALL: Petzl Crampons
Petzl is recalling its SARKEN crampons, because the front points of the crampons are susceptible to premature wearout following heavy use. This means cracking of the metal forefoot near the front point(s), followed by possible breakage if usage continues.
Finish Line: UBS Seeks More Info on Genesco
The Finish Line, Inc. said that it has received a request from UBS Loan Finance LLC and UBS Securities LLC for additional financial and other information regarding Genesco Inc., and has forwarded the request to Genesco. As previously announced, UBS provi
SSL Targets Bike Industry and Goes Carbon Neutral…
Sports Specialists Limited (SSL), the specialty buying group for the snow sports, action sports, bike, outdoor and casual outdoor furniture industries, will be attending Interbike 2007. The group will be looking for new retailers in the bike industry to
Icebreaker Moving U.S. HQ to Portland…
Icebreaker is moving its U.S. headquarters from Sun Valley, Idaho, to Portland, Oregon. The transition is expected by the company to be completed by early 2009…
Outdoor Sector Q2 Still Strong in All Categories…
At the end of Q2 last year, the deal environment was just beginning to stagnate. Today, mergers and acquisitions are practically a non-issue as the private equity market is at a standstill and the major strategic buyers have gorged themselves on deals and
Report: Quiksilver is Studying Offers for Rossignol…
Quiksilver Inc. has three offers for its struggling Rossignol division, according to French newspaper La Tribune. Potential acquirers include investment funds that specialize in turning around businesses, according to La Tribune and Reuters. Possible buye
JJB’s Retail Comps Drop 6.2%…
Hurt by tough comparisons with last year’s World Cup and a harsher retail environment, JJB Sports reported sales for both its retail stores and health clubs fell 4.3%. Same-store sales dropped 4.4%…
