L.L. Bean Reduces New Store Plans for 2009
L.L. Bean plans to open only one store this year rather than the anticipated eight. A plan to offer voluntary retirement incentives to some employees was also recently announced. According to reports, the company still has a goal of having 32 stores in op
Sugoi Inks Timex Sports Apparel License
Sugoi Performance Apparel, a division of Dorel Industries Inc., and Timex Group have entered into a license agreement for the design, manufacture and distribution of sports apparel under the Timex brand name. Sugoi will launch a line of Timex performance
Golden Gate to Acquire Eddie Bauer
Private equity firm Golden Gate Capital has acquired the assets of Eddie Bauer Holdings Inc. Golden Gate Capital reportedly won the auction for Eddie Bauer with an all-cash bid of $286 million. Representatives for Eddie Bauer said Golden Gate would retain
Potential CIT Bankruptcy Could Rattle Retail
CIT Group Inc., a significant lender to small and medium-size businesses in the retail industry, could be forced into bankruptcy proceedings barring a last-minute deal to renegotiate its sizeable debt load. A bankruptcy threatens to disrupt the flow of m
Firearms Sales Figures Continue to Climb in June
Data released by the FBI’s National Instant Criminal Background Check System (NICS) reported 968,145 checks in June 2009. This figure is an 18.1% increase from the 819,891 reported in June 2008, according to a press release by the National Shooting Sports
NRA Issues a Joint Statement On Judge Sonia Sotomayor
As the Senate considers the nomination of Judge Sonia Sotomayor, Americans have been watching to see whether this nominee – if confirmed – would respect the Second Amendment or side with those who have declared war on the rights of America’s 80 million gu
Antonio Zoli North America Adds VP of Operations
Antonio Zoli North America has hired hiring of Harry “Chuck” Webb III, as Vice President of Operations. Formerly General Manager of Briley Manufacturing, Webb comes to Zoli with deep knowledge of the industry and gunmaking as well as title of Master Gunsm
Rossi USA Joins Whitetails Unlimited Program as Title Sponsor
Rossi USA has signed on as the Title Sponsor to Whitetails Unlimited’s Kids on Target program. The popular program was introduced as a pilot program in 2008, with a focus on encouraging our nation’s youth to get off the couch, enjoy the great outdoors, an
Sportfishing Industry Awards 2009 “Best of Show” Honors
ICAST 2009, the International Convention of Allied Sportfishing Trades, the world’s largest sportfishing tradeshow, took place from July 15-17, at the Orange County Convention Center in Orlando, Fl. According to a release issued by the American Sportfishi
CIT Group Secures $3 Billion Credit Facility
CIT Group Inc., the provider of financing to small businesses and middle market companies, entered into a $3 billion loan facility provided by a group of the company’s major bondholders…
Victoria’s Secret Expands PINK Collegiate Collection
Victoria's Secret's PINK Collegiate Collection has been expanded to more than 50 colleges and universities. VS PINK launched its co-branded Collegiate Collection in July 2008, which features VS PINK's brand iconography and the names and log
Nautilus Reduces Headquarters Space
Nautilus Inc. has terminated its lease for 482,538 square feet of office space at 16400 S.E. Nautilus Drive in Vancouver, Wash.’s Columbia Tech Center…
Former Burton President Becomes Spyder and Cloudveil CEO
Spyder Active Sports hired Thomas McGann as the company’s new chief executive officer. McGann comes to Spyder Active Sports, also the parent company for Cloudveil Mountain Works, with decades of executive experience, including serving as president of Burt
U.S. Trade Associations Criticized over Honduras
U.S. retail, textile and apparel trade groups have been criticized by an international labor association for putting their commercial interests above ethical concerns in their response to the recent military coup in Honduras…
Outdoor Specialty Footwear Average Selling Prices Increase in June
Average selling prices for outdoor footwear inched up ever so slightly in the month of June, led by strong increases in the sport specialty retail channel, according to retail point-of-sale data compiled by SportScanINFO…
