Footstar Sells Off Balance of Shoe Zone Stores
Footstar, Inc. has entered into an agreement for the sale of its 27 Shoe Zone stores in Puerto Rico to Novus, Inc. for $5.5 million in cash, subject to closing adjustments and conditions including approval of the Bankruptcy Court. The agreement continues
TJX Net Income Up 48% in Q1; Bob’s Posts Profit
The TJX Companies, Inc. reported that first quarter sales at Bob's Stores were $61.4 million and posteds operating earnings of $1.25 million at the 31-door unut acquired last last year after a hard bidding process with Dick's SG and their partne
Lucy Gets a New CEO; Investors Investing in Growth
lucy activewear, inc. has appointed Michael J. Edwards as president and CEO. Edwards will also join the company's board of directors and will assume his responsibilities on June 14, 2004. Edwards succeeds founder Sue Levin, who will continue to serve
OIA Offers Senate Written Testimony on Public Lands Fee Proposal
The Senate Public Lands and Forests Subcommittee of the Energy and Natural Resources Committee received written testimony from OIA Vice President of Government Affairs Myrna Johnson earlier this month. The testimony voiced the concerns of OIA and its memb
True Temper Looks for Growth with New Ownership…
True Temper Sports has opened a new 50,000 sq foot titanium production facility in Olive Branch, MS, which will be dedicated to manufacturing and butting bicycle tubing. The new facility is the first step in the company’s new growth initiative, instigate
GSI Commerce Restructures Top Management
GSI Commerce Inc. has named Robert Blyskal to the newly created position of co-president and chief operating officer. Blyskal will report to Michael Rubin, chairman, CEO, and co-president of GSI Commerce. With the division of the president functions, GSI
Deckers Offers Stock to Eliminate Debt…
Deckers Corp. has announced that it is conducting a public stock offering of 3.5 million shares at $24.75 per share. 1.5 million shares of the offering will come from the company’s coffers while 2.0 million are being offered by corporate officers, includi
NSGA Sees 2.0% Industry Growth in 2004
Retail sales of sporting goods, which reached $45.8 billion in 2003, are expected to grow 2% in 2004, according to the National Sporting Goods Association (NSGA). For 2004, sales of athletic and sports equipment, shoes and clothing are forecast to reach $
Columbia Enters SBA Hall of Fame Plus Norway and Iceland…
The Small Business Administration announced their 2004 Hall of Fame inductees and will be presenting awards to a list of once-small companies that have grown thanks to help from the SBA. On the list of companies to be honored is Columbia Sportswear, whic
Perry Ellis to License Pro Player for Baselayer
Perry Ellis International has entered into a license agreement with CBK/Knothe Apparel Group for the manufacture and domestic distribution of Pro Player® performance underwear. The underwear will be constructed from breathable microfibers and include tech
K2 Adds Apparel with Ex O Deal…
K2 has stifled the speculation about which apparel company it will acquire by purchasing Ex Officio from Orvis for an undisclosed sum. Richard Heckman, K2’s Chairperson & CEO, told The B.O.S.S. Report’s sister publication, Sports Executive Weekly, “We wi
Big Business Brings Big Attention to Roadless Ruling…
The Oregon Natural Resources Council and the OIA Business for Wilderness program spearheaded an initiative that has been garnering a great deal of national and international press coverage. Some of the biggest names in Oregon's corporate world joined
NSGA Expands Cost of Doing Business Survey…
In the bi-annual NSGA Cost of Doing Business survey, the trade organization has included backpacking and camping stores for the first time since the survey began. Also among the retailers surveyed were SnowSports shops and Bicycle specialty shops…
BackcountryStore.com Changes Name; Doubles Sales Again…
BackcountryStore.com has changed its name to Backcountry.com and re-launched with a new look. For the past seven years Backcountry.com has been posting triple digit sales increases, and Dustin Robertson, Marketing Manager for the online retailer, told BOS
Head NV Taps Exchange Rates, But Sees Real Growth Across the Board…
Head NV again saw tremendous benefit to reporting their first quarter results in U.S. Dollars, as currency exchange rates added the appearance of large increases that were still pretty healthy when measured in the company’s native Euro currency. But the