June Retail Results Cause Concern for BTS…
June retail results surprised many that had become accustomed to the run-up in retail sales performance over the last six months or so. But as tax rebate checks get spent, gasoline prices stay high, and the Fed starts to raise interest rates, the consume
Sears Establishes New Retail President Role; Cosby Exits
Sears, Roebuck and Co. has established a new, expanded leadership position of President of Sears Retail. The new role reflects the next phase of the company's growth strategy, including Sears' recently announced accelerated expansion off-mall.
Operators Settle Suit Over Steamboat Sale
Triple Peaks, LLC and American Skiing Company have jointly announced the settlement of the lawsuit regarding the termination of the proposed 2002 sale of the Steamboat Ski Resort to Triple Peaks, LLC. In return for a cash settlement, Triple Peaks has agr
Triple Peaks and American Skiing Co. Settle Steamboat Suit
Triple Peaks and American Skiing Company have jointly announced the settlement of the lawsuit regarding the termination of the proposed 2002 sale of the Steamboat Ski Resort to Triple Peaks, LLC. In return for a cash settlement, Triple Peaks has agreed to
Oakley Lowers Guidance on Softer than Expected Sales
Oakley expects to report its second quarter net sales will be approximately $152.0 million, an increase of 5.7% over the year-ago period. As a result of these sales, the company has revised its annual earnings guidance of 65 cents per share on 12% net sal
Dick’s Clears Antitrust Hurdle in Galyans Deal
According to Dick's Sporting Goods, the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to its pending all cash tender offer for all of the outstanding shares of common stock of Galyan's Tr
Product Disputes to Accelerate Conley’s CBUK Departure
Per a Transition Agreement, Fran Conley will remain the Cutter & Buck's chairman and CEO, and a member of the Company's Board, through September 15, 2004 and then transition to an employee through March 15, 2005. She will work with the Board on
Footstar Sells California DC for $20 Million
Footstar, Inc. has entered into a definitive agreement to sell the Company's distribution center in Mira Loma, California and to outsource certain warehousing and distribution operations to support the ongoing needs of the Company's Meldisco div
Schoeller Expands into Turkey
Switzerland’s Schoeller Textil AG will open its new sales office in the International Textile Center near Istanbul. Schoeller Turkey Ltd. guarantees a presence for the Swiss textile corporation and the ability to act quickly in Turkey, known to be one of
Chris Smith and Specialized Part Ways
Recently, Specialized announced that Chris Smith would join their team as General Manager of Specialized USA. Mike Sinyard, the company's founder and president recently wrote a letter to his dealers stating that Chris and his family will not be maki
Callaway Acquires FrogTrader Used Club Partner
Callaway Golf Company has acquired all of the stock of FrogTrader, Inc., which had operated under the name Trade Up Commerce. FrogTrader has partnered with Callaway Golf and its participating retailers for the past two years to develop the Trade In! Trade
BofA Inks Major Sponsorship Deal with Baseball Leagues
Bank of America is the first company to simultaneously sign national agreements with Major League Baseball Properties, Minor League Baseball and Little League Baseball, and positioning the company as the “Official Bank of Baseball” in a deal announced Thu
Neiman Marcus June Comps Jump 13.0%
The Neiman Marcus Group comparable revenues in the Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, increased 13.5%. Stores in the Southeast and West had the strongest sales results. Comparable revenues at Neiman
Longenecker Resigns from USCSA
Tim Longenecker, the Administrative Director for the U.S. Collegiate Ski & Snowboard Association has decided to resign after ten years of service. His involvement with the USCSA goes back to the early ‘80’s when he was competing in the league. He will be
LPGA Signs Headwear Deal with Drive Headwear
The Ladies Professional Golf Association has inked a deal making DRIVE Headwear the exclusive and official headwear provider of the LPGA. Under this new partnership, DRIVE Headwear will develop a line of hats complementing The LPGA Collection, an LPGA-br