Cannondale Gets New Life – For Now…
Cannondale filed for Chapter 11 bankruptcy protection in U.S. Court last week, pointing to losses in its motor- sports division that inhibited the company's ability to make future investments…
Dallas Apparel Mart is Closing…
The venerable Dallas International Apparel Mart, the 40-year old national institution that once bustled with energy and acted as a driver for many apparel businesses, is set to close next year…
CEO Gets Option to Buy Back Malden…
Malden Mills struck a preliminary deal with its major creditors that will allow it to emerge from bankruptcy protection this spring. The plan of reorganization will include an exclusive option in favor of president & CEO Aaron Feuerstein to purchase the
Russell Out at Frisby…
Frisby Technologies announced the “termination” of company president & COO Duncan Russell…
Quiksilver Expands CapEx Budget in 2003…
Quiksilver Inc. announced in an SEC filing last week that it expects $35 million to $40 million in capital expenditures in fiscal 2003 ending October 31, 2003. Fiscal 2002 capital expenditures were $22.2 million, compared with $22.6 million in fiscal 200
Nike Signs Mexican National Soccer Team
Nike, Inc. announced it has signed an agreement with the Mexican Soccer Federation to be the official footwear, apparel and equipment sponsor for the Mexican National Soccer Teams…
Vans Expects Arbitration Ruling Soon
Vans had filed a lawsuit against a former officer and consultant and their affiliates in March 2002. The suit alleges that the defendants engaged in a conspiracy to get unauthorized payments or commissions from some of Vans' factories in China…
Nordstrom December Comps Up 3.4%
Nordstrom, Inc. reported preliminary sales increased 9.2% to $839.2mm for the five-week period ending January 4, 2003. Same-store sales increased 3.4%…
