Macy’s to Close Nine Stores
Macy’s, Inc. plans to close nine underperforming Macy’s stores in the next few weeks. The affected stores are located in Indiana, Louisiana, Ohio, Oklahoma, Texas and Utah…
Ashworth Sees Q4 Sales Rise; Net Loss Slim
Ashworth, Inc. reported consolidated net revenue for the fiscal fourth quarter ended October 31, 2007 increased 8.9% to $54.6 million compared to $50.2 million in the same quarter last year. Net domestic revenue increased 9.1% to $44.7 million for the fou
Remington Acquires Marlin Firearms
Remington Arms Co. Inc. announced plans to acquire Marlin Firearms Co. Under the agreement, Robert Behn will remain president of Marlin. The deal is expected to close in January…
Nautilus Sells Colorado Building
The 93,743-square-foot Nautilus building in the Colorado Technology Center has been sold for $6.3 million, according to public records. The building is in Louisville, a suburb north of Denver. The deal closed on Monday, Christmas Eve…
NSGA Management Conference to Examine Future of Retail
The future of retailing in the 21st Century will be examined at the 44th Annual NSGA Management Conference May 4-7, 2008 at the Pointe Hilton Tapatio Cliffs Resort in Phoenix, Ariz. Futurist Ed Barlow, president of Creating the Future, Inc., will discuss
Sportsman’s Warehouse Receives Credit Boost from GE
GE Commercial Finance Corporate Lending has provided a $325 million asset-based credit facility to Sportsman’s Warehouse, an outdoor sporting goods retailer. The financing will be used to fund working capital needs. GE also provides the company with aircr
JJB Makes Lifestyle Move with Original Shoe…
JJB Sports has acquired the Original Shoe Company from Sports Direct International PLC for a consideration of £5 million ($10.0 million) in cash. The Original Shoe Company sells a range of branded lifestyle clothing and footwear including Ben Sherman, Hen
GBMI Acquired by Titan Global Holdings…
Titan Global Holdings, Inc. has purchased the majority of all of the assets of Global Brand Marketing, Inc. (GBMI), including inventory, accounts receivable and intellectual property assets. Titan also said it hired the complete core of executives current
Debate Over Polycarbonate Water Bottles Grows…
The reputation of Lexan polycarbonate water bottles received another blow last week after yoga retailer Lululemon joined Mountain Equipment Co-op in pulling water bottles containing bisphenol-A (BPA) from their shelves. Vancouver's Mountain Equipment
RECALL: Hunting Harnesses From Gorilla Inc…
Some 60,000 Chinese-made full-body harnesses used by hunters were recalled, because they could allow users to fall from tree stands and risk serious injury, the U.S. Consumer Product Safety Commission said last week. The harnesses were made in China for G
Sport Supply Group Class Action Suit Dismissed
Sport Supply Group announced that Jeffrey S. Abraham voluntarily dismissed with prejudice, a class action on behalf of all minority stockholders of the former Sport Supply Group, Inc. in connection with the Plan of Merger between Collegiate Pacific and th
Pacific Cycle Inks Apparel Licensing Deal with Champion Systems
Pacific Cycle and Champion System, a manufacturer of customized performance apparel, signed a multi-tiered sponsorship and licensing agreement. Under the terms of the agreement, Champion System will become an official licensee for Schwinn, GT Bicycles and
Sherborne Believes it Won All Votes at Nautilus Shareholders’ Meeting
Sherborne Investors LP said that, based on information provided by its proxy solicitation firm, D.F. King & Co., Inc., it believes all four Sherborne Investors nominees have won election to the Company’s Board of Directors and all other proposals were pas
SIA: Fall Snow Sports Sales Slip at Specialty Retailers
This fall, balmy weather finally managed to end three consecutive years of early season sales gains. According to SIA's retail audit, specialty snow sports store sales totaled $287M, a 7% decline from the previous August to October period. Without m
Reef Names Director of Sales
Reef is taking new strides into the international marketplace bolstered by some important promotions. As VF moves to grow the Reef and Vans Asia business, they are bringing Reef’s own Mitchell Whitaker to lead the growth as director of the Action Sport As
