Eight in Ten Holiday Shoppers Plan to Give Gift Cards
According to NRF’s 2011 Holiday Consumer Intentions and Actions survey conducted by BIGresearch, holiday shoppers are expected to spend an average of $155.43 on gift cards, the highest amount since 2007 and up from $145.61 last year…
Compass Diversified Could Raise up to $300 Million with Stock Sales
Compass Diversified Holdings, Inc., majority owner of CamelBak and Fox Racing Shox, plans to raise up to $300 million through the sale of stock, including up to 9 million shares held by existing investors and executives, according to a registration statem
BDO Survey: Muted Expectations for Black Friday
Retailers expect solid but not stellar results for Black Friday and Cyber Monday. According to a recent BDO USA, LLP survey of 100 chief marketing officers at leading U.S. retailers, just 27 percent expect to see an increase in Black Friday sales, down fr
Brown Shoe to License Wholesale Children’s Brands
Brown Shoe Company, Inc. agreed to license its Buster Brown, Sam Edelman and Avia wholesale children's brands to BBC International. The transition of the brands will be phased, beginning immediately and continuing through the first quarter of 2012…
Collective Brands Shows Steep Q3 Loss After Charges
Collective Brands Inc. reported a loss of $114.3 million, or $1.91 a share, in the third quarter after charges totaling $151.4 million for restructuring activities at its Payless division. Adjusted net earnings were $37.1 million, or 61 cents per share, s
Finish Line Appoints VP, Chief Digital Officer
The Finish Line, Inc. announced that Chris Ladd will join the company Nov. 21 as executive vice president, chief digital officer. Ladd was senior vice president, global ecommerce at Lululemon…
Maurice Sporting Goods to Acquire Redl Sports Distributors
Maurice Sporting Goods will acquire Redl Sports Distributors, an outdoor sporting goods company located in Burnaby, British Columbia, Canada, as part of its long-term commitment to the Canadian marketplace. The terms of the transaction, expected to be co
Lululemon Appoints Facebook Exec to Board
Lululemon Athletica Inc. appointed Emily White to the company's board of directors. White's appointment expands the retailer's board to 10 members…
SIA’s Snow Show Poised for Growth
Early registration figures indicate the 2012 Snow Show will draw more more retailers, according to organizer SnowSports Industries America (SIA). Retailer pre-registration is up considerably, including an 14% increase in retail shops that haven’t at
Vail Resorts Commences Exchange Offer
Vail Resorts, Inc. has commenced its offer to exchange up to $390.0 million principal amount of newly issued 6.50 percent senior subordinated notes due 2019, registered under the Securities Act of 1933, for a like principal amount of its outstanding, priv
Resort Seeks Congressional Bill to Authorize Wastach Gondola Project
Talisker Mountain Inc. launched its campaign to build an eight-passenger gondola capable of transporting 1,000 people per hour between the Wasatch Front and Wasatch Back mountains. SkiLink would transport skiers in just 11 minutes between the company'
Russell Athletic Announces $50,000 Uniform and Equipment Grant
Russell Athletic launched the “Fight Like Dylan Award,” a $50,000 uniform and equipment grant, honoring the late Dylan Rebeor of Columbia, TN, who lost his battle with colon cancer at the age of 16 on Dec. 3, 2010…
Perry Ellis 3Q Profit Falls
Perry Ellis International reported third quarter revenue increased 23 percent, to $248.4 million from $201.3 million. Net income slid to $6.5 million, or 42 cents a share, down from $7.3 million, or 54 cents a share, a year ago…
Dreams Inc.’s Q3 Sales Rise 23 Percent
Dreams, Inc., the parent of FansEdge, reported total revenues in the third quarter increased 23 percent to $24.4 million from $19.8 million in the third quarter of 2010. This was primarily attributable to a 39 percent increase in e-commerce revenues to $1
Nike Partnering with MIT
The MIT Leaders for Global Operations (MIT LGO) program has gotten a major boost to its roster of partner companies with the addition of three new firms — Beth Israel Deaconess Medical Center (BIDMC), Nike Inc., and Verizon Wireless — which will benefit
