ForeFront Implements Reverse Stock Split
ForeFront Holdings, Inc., the golf accessories firm, has implemented a one-for-five reverse stock split of its common stock. As a result of the reverse stock split, as of the opening of business on May 28, the trading symbol for the company's shares
American Apparel’s CFO Steps Down
American Apparel, Inc. said Ken Cieply, the company’s CFO, has stepped down to pursue other opportunities. Effective immediately, William T. Gochnauer has joined the company as interim CFO…
Under Armour Title Sponsors HS Baseball Classic
Under Armour agreed to title sponsor the 2008 Under Armour All-America Baseball game, formerly called the Cape Cod High School Baseball Classic presented by Under Armour. The game will be played at Wrigley Field on Sunday, August 17…
Foot Locker’s Q1 Comps Fall 2.9%
Foot Locker Inc. said first quarter sales decreased 0.5% to $1.31 billion from $1.32 billion. Excluding the effect of foreign currency fluctuations, total sales for the first quarter decreased 3.7%. First quarter comparable-store sales decreased 2.9%. Exc
West Marine Plans Franchises in Turkey
West Marine, Inc. has partnered with East Marine Denizcilik & Turizm A.S. to open its first franchise store in Istanbul, Turkey. An ardent sailor and industrialist, Mr. Rahmi M. Koç is the Chairman and controlling shareholder of East Marine. The opening p
Famous Footwear Q1 Earnings Drop on 7.3% Comps Slide
Brown Shoe Company, Inc. saw first quarter net sales decrease 2.1% to $554.5 million from $566.3 million last year. Net earnings in the quarter dropped 25.3% to $7.2 million. Net sales at Famous Footwear decreased 2.0% to $318.8 million, compared to $325.
Merchants Must Omit Expiration Dates from Receipts
The Senate passed legislation to protect retailers from being sued for printing credit card expiration dates on customers’ receipts. The legislation would protect merchants from lawsuits filed since December 2006, but requires them to truncate credit card
Gander Opens Stores in Minnesota and Florida
Gander Mountain opened its newest stores in Eau Claire, Minn. and Ocala, FL. Tuesday and will celebrate grand openings for both large format stores May 30…
Kalis Joins Innovative Designs Consultant Staff
Innovative Designs, Inc. has added Todd Kalis, an eight-year veteran of the National Football League, to its list of consultants. Innovative Designs manufactures the hunting apparel, swimwear, wind shirts, jackets, sleeping bags under the Arctic Armor and
FansEdge Opens First Store
FansEdge opened its first store at the Fox Valley Mall in Aurora, Illinois, on Wednesday, May 21, 2008. The 2,500 square foot store launch marks the expansion of the brand and its products into multiple marketing channels, combining the Internet with bric
Perry Ellis’ Q1 Revs Jump 6.4%
Perry Ellis International, Inc. reported Q1 revenues grew 6.4% to $243.5 million from $228.8 million a year ago. Revenue increases were driven by the Perry Ellis collection, swimwear/action sports (Nike Swim, Gotcha, Redsand), Hispanic & golf lifestyles,
Kulkarni Takes Over Jones Wholesale Biz
Jones Apparel Group, Inc. appointed Aru Kulkarni president of sales of the women's wholesale sportswear division, effective immediately. In this newly created role, Kulkarni will oversee all wholesale sales functions, including developing and coordin
Bikes Belong Hires New Deputy Director, Researcher
Bikes Belong has named an attorney and former assistant director for the Colorado Department of Natural Resources to head up member development and government affairs. The organization also has hired a research and statistics coordinator to build a case f
RECALL: K2 Auto Snowboard Bindings
The CPSC and K2 Sports are recalling approximately 2,500 pairs of K2's “Auto” Series Snowboard Bindings, Model Year 2007. The cable that links the toe strap to the binding could break, posing a fall hazard to snowboarders. No injuries have been repor
Industry Looks to Avoid Loss of ‘First Sale’ Rule…
The U.S. House and Senate have overwhelmingly approved language urging Customs and Border Patrol (CBP) not to revoke the “first sale” rule that has helped limit tariffs on billions of dollars in apparel, footwear and other sporting goods imports for 20 ye
