Federated Announces Realignment; Marshall Fields will Become Macy’s
Federated Department Stores, Inc. announced a series of strategic decisions to build its nationwide Macy's and Bloomingdale's brands and reduce costs. The retailer sees the moves stimulating long-term growth in sales while taking full advantage
FieldTurf Tarkett Created by Surfacing Merger
The integration of two of the sports world's largest surfacing companies, FieldTurf and Tarkett Sports, has resulted in the creation of a single entity called FieldTurf Tarkett. The announcement was made jointly by FieldTurf CEO John Gilman and Tarke
CamelBak President and CEO, Glen Gross, Retires; Scal Departs
CamelBak Products announced the retirement of its President and Chief Executive Officer Glenn Gross, after a decade with the company. The company also announced the departure of Executive Vice President Woody Scal, who has been in charge of sales, marketi
Forzani Sees Strong Back to School Period
The Forzani Group reported strong sales and margins for the fiscal 2006 “Back to School” selling season. Retail system sales for the six-week period ended September 11, 2005 increased 20% over the same period last year. Exclusive of the impact of the curr
Black Diamond Expands Management Team to Support Growth
Black Diamond Equipment created ten new middle and upper level positions to enhance innovation and streamline efficiencies. Black Diamond said that the company's recent growth, and confidence in its continued growth, has led to the hiring of experien
Warnaco Swimwear President Appointed to International Swimming Hall of Fame Board
Roger Williams, president of the Warnaco Swimwear Group, was appointed to the new board of directors of the International Swimming Hall of Fame, joining 14 other business leaders and sports personalities it was announced today by Mark Spitz, Chairman of t
Stride Rite Corp. Completes Saucony Acquisition
The Stride Rite Corporation has completed the acquisition of Saucony, Inc. for a total purchase price of approximately $170 million in cash. The acquisition is being financed with cash on hand and borrowings under a new $200 million revolving credit facil
SIA Launches First Phase of ‘Model for Success’
SnowSports Industries America will introduce results from the first phase of its new “Model for Success”, as presented by Jim Spring, president of Leisure Trends, at its pilot education seminar series set to take place in New England next week. The prese
Trek Technologies Inks Deal with StuffBak
Trek Technologies, d.b.a. Trek-Tech inked a partnership with the StuffBak, a loss-protection-and-recovery service. The new StuffBak feature provides consumers with a service designed to recover lost possessions. As part of a TrekPod product purchase, con
Sport-Haley Reverses Q4 Loss on 10% Sales Gain
Sport-Haley reported net income of $587,000 for the fourth quarter of its fiscal year ended June 30, 2005, or 23 cents per share, as compared with a loss of ($1,659,000), or (55 cents) per share, in the fourth quarter of the previous fiscal year. Net sale
Saucony Shareholders Approve Stride Rite Merger
Saucony, Inc. announced that shareholders had voted overwhelmingly to adopt the merger agreement allowing The Stride Rite Corporation to acquire Saucony. At the Special Meeting of Shareholders approximately 86% of the company's Class A Common Stock a
Sport Chalet Executives to Sell Stock
Craig Levra, Chairman and Chief Executive Officer, Howard Kaminsky, Chief Financial Officer, and Dennis Trausch, Executive Vice President – Growth and Development, have each adopted a stock trading plan to sell shares of their Sport Chalet common stock. T
Mainland Headwear Sees H1 Profit and Turnover Fall
During the six months ended June 30, 2005, Mainland Headwear recorded a turnover of HK$233,746,000 ($30.0mm), representing a decrease of 12.4% when compared with the corresponding period last year. Profit attributable to shareholders was HK$35,967,000 ($4
Backcountry.com Enters BizRate’s ‘Circle of Excellence’
Backcountry.com has been recognized by Shopzilla’s BizRate.com as a “Circle of Excellence” Platinum Award winner for customer satisfaction. The Circle of Excellence Platinum Award recognizes the very best merchants in customer satisfaction, as judged by p
PacSun Inks New Credit Facility
Pacific Sunwear of California has entered into a new five-year $200.0 million credit facility with an expanded syndicate of banks. The new credit agreement increased the Company's revolving line of credit to $200.0 million, which can be increased fur
