Bay Harbour to Acquire Steve and Barry’s
Bay Harbour Management LC plans to purchase out of bankruptcy the assets of Steve & Barry's for $168 million. The New York-based investment firm plans to keep open about 150 of the chain's 276 stores, according to the Bay Harbour managing princi
Bob’s Stores Sold to Private Equity Group
TJX Cos. Inc. announced the sale of Bob's Stores to a pair of private equity firms, Versa Capital Management and Crystal Capital. Terms of the sale weren't disclosed. However, the deal will result in a $15 million, or 3-cent-per-share charge, in
NFL Wins Suit Against American Needle
The National Football League won a licensing suit against American Needle over its past deal to make Reebok its exclusive headwear licensee. The U.S. Court of Appeals for the 7th Circuit affirmed a summary judgment ruling that the National Football League
DAK Americas to Report to The Climate Registry
DAK Americas, producer of PET Resin, Polyester Staple Fibers, and raw materials for polyester based products, said it has become a founding reporter of The Climate Registry, a non-profit that measures and publicly reports greenhouse gas emissions (GHG) in
The Athlete’s Foot Expands to Guam
The Athlete’s Foot (TAF), and its parent company NexCen Brands, Inc. announced the opening of a new location in Guam last month. The store is a development of Joeten Enterprises, Inc., master franchisee of TAF Saipan since 1988…
U.S. Retailers Demand End to Use of Forced Child Labor to Harvest Cotton in Uzbekistan
The National Retail Federation and other trade associations representing the U.S. retail and apparel industries demanded that Uzbekistan take immediate action to end the use of child labor in the harvesting of cotton, and said member companies could boyco
RECALL: Amsterdam model bicycles
The U.S. Consumer Product Safety Commission, in cooperation with Electra Bicycle Company, LLC of Vista, California, has announced a voluntary recall of Amsterdam model bicycles. Consumers should stop using the bikes immediately unless otherwise instructed
Heelys Rejects Skechers Second Bid
Heelys Inc. rejected a second unsolicited buyout offer from Skechers USA Inc., saying the $142.8 million cash offer is too low. In a statement issued after the market close on Tuesday, the maker of wheeled shoes for children said its board rejected Skeche
Fox Factory Operating Income Up 88% in Q2
Operating income at Fox Factory reached $3.2 million on net sales of $34.4 million for the second quarter, up 88% from $1.7 million on net sales of $26.8 million for the same period a year earlier, according to financial information released by its parent
Phoenix FW Continues to See Sales Drop in Q2
Despite double-digit growth from Tommy Bahama, Phoenix Footwear Group, Inc. saw net sales from continuing operations drop 10% to $17.9 million for the second quarter of fiscal 2008, compared to $19.8 million for the same quarter last year…
Rack Vendors Focus on Ease of Use at ORSM
Finally, rack manufacturers are improving their product lines to make it easier for outdoor enthusiasts to carry the gear they need to their destinations. The product innovations and improvements address specialty retailer’s frustrations with exploding SK
Paddlesports Groups Agree to Merge
The president and executive director of the Paddlesports Industry Association (PIA) and the Trade Association of Paddlesports (TAPS) have signed a memorandum of understanding (MOU) outlining a process and schedule to unify the two paddlesports association
Golf and Tennis Pro Shop Appoints CEO
Golf & Tennis Pro Shop, Inc., owner and operator of PGA TOUR Superstore, announced the appointment of Dick Sullivan as president and chief executive officer of the company. The appointment is effective September 1. GTPS's founder and former CEO Bill
Dorel’s Q2 Bike Sales Grow
Dorel Industries’ Recreation/Leisure segment, which owns the Pacific Cycle business and recently acquired the Cannondale and SUGOI brands, reported that sales jumped 60% to $191.7 million for the second quarter…
Implus/Granger Join Forces
Implus Footcare, LLC is the new distributor for Grangers aftercare products for the United States and Canada.
“For us, the agreement broadens our footprint beyond the below-the-ankle category and enters us at the appropriate level in the apparel aftercar
