Virginia Ski Resort to Double Snowmaking Capacity
A company that partnered to acquire Virginia’s Wintergreen Resort in May said it is investing $6 million to double the resort’s snowmaking capacity for the upcoming ski season as part of a $12 million capital plan for the 11,000-acre, four-sea
Nike to Supply Uniforms for Spain’s National Basketball Teams
Nike and the Spanish Basketball Federation have announced a new partnership which will see Nike design and produce kits for the men's and women’s Spanish National Team at every level from 2013. Nike will reportedly replace Li Ning…
Spy Inc. to Fire 20 to Reduce Operating Costs
Spy Inc. will lay off 20 employees, including its EVP of sales and operation, and convert back to a distributor model in Europe in an effort to reduce its revenue breakeven point by the end of the fourth quarter…
Woolrich Promotes Fitch, Hires Scheinfeld
Woolrich has promoted Donna Fitch to vice president of merchandising and hired Karuna Scheinfeld as vice president of design…
Olympics May Have Depressed Retail Sales in UK
The Olympics may have depressed, rather than lifted retail sales in the United Kingdom last month, according to a report by the region’s largest retail organization. August same-store sales were down by 0.4 percent from August 2011, when they were d
Gander Mountain Expanding Athletic Footwear Coverage
Gander Mountain is expanding its footwear offerings by adding more than 20 performance brands, including Adidas, Asics, Brooks, New Balance, Oakley, Saucony and Under Armour, according to a report in The New York Times. The expansion will double, to 120 f
Ugg Launches Men’s Campaign Starring Tom Brady
Ugg Australia, a division of Deckers Outdoor Corporation, announced the launch of a new integrated Ugg for Men campaign for the Fall 2012 season featuring quarterback Tom Brady. Premiering on September 4, 2012, the new integrated campaign will include TV,
RECALL: 3,800 Snowpulse Avalanche Airbags
Mammut Sports Group Inc., of Shelburne, Vt. and its Canadian distributor reissued a more detailed recall of the Snowpulse Avalanche Airbags, citing a leak in the airbag's cartridge that can result in the airbag not deploying, posing a risk of death a
RECALL: 67 Shimano PRO VIBE Carbon Bike Handlebars
Shimano American Corporation of Irvine, CA is recalling about 67 PRO VIBE Carbon bicycle handlebars because they can break during riding and pose a fall hazard. No injuries have been reported…
Bon-Ton Comps Up Slightly in August
The Bon-Ton Stores, Inc. announced comparable store sales in the four weeks ended August 25 increased 2.2 percent. Total sales increased 2.1 percent to $180.8 million in the current year compared with $177.1 million in the prior year period…
Stage Stores August Comps Up 6.5 Percent
Stage Stores, Inc. reported that total sales for the four week August period ended August 25 increased 9.6 percent to $124 million from $113 million in the prior year four week August period ended August 27, 2011. Comparable store sales for the August per
Target’s August Comps Climb 4.2 Percent
Target Corporation reported that its net retail sales for the four weeks ended August 25 were $5.5 million, an increase of 4.7 percent from $5.3 million for the year-ago period. August comparable-store sales increased 4.2 percent…
Sears Holdings to be Removed from SandP 500 Index
Standard & Poors is removing Sears Holdings Corp. from the S&P 500 Index at the close of trading Sept. 4 and replacing it with chemical and polymer maker LyondellBasell Industries NV. S&P said the move was made because “Sears' public float has been w
Macy’s Same-Store Sales Up 5.1 Percent in August
Macy’s, Inc. reported total sales of $1.8 billion for the four weeks ended August 25, an increase of 5.7 percent compared with total sales of $1.7 billion in the four weeks ended August 27, 2011. On a same-store basis, Macy’s, Inc. sales were
Kohl’s Comps Up 3.4 Percent in August
Kohl’s Corporation reported that for the four-week month ended August 25, total sales increased 5.3 percent and comparable store sales increased 3.4 percent over the year-ago . Year to date, total sales increased 1.1 percent and comparable store sal
