SRAM Acquires Zipp
SRAM Corporation completed its acquisition of Compositetech Inc., which makes products under the Zipp name. The Zipp management team will remain intact and continue to report to Andy Ording, president of Zipp…
Birkenstock USA Sold to Birkenstock Family
Birkenstock Distribution USA, the employee-owned importer and distributor of Birkenstock footwear in the U.S., has been sold to members of the family that has produced the line since 1774. Birkenstock USA had been 100 percent owned by employees since Octo
Lou Spagna Takes Over as Man Alive President
The Finish Line appointed Lou Spagna as president of Man Alive. Mr. Spagna will report to Glenn Lyon, President of The Finish Line. Mr. Spagna brings over thirty years of experience in the apparel retail industry and a proven track record of leading retai
Johnson Outdoors Marine Acquires Geonav
Johnson Outdoors reached agreement to acquire Geonav, a leading marine electronics brand in Europe. The Geonav chartplotter and marine accessories brand and assets were acquired in a stock purchase from Nanionics of Viareggio, Italy…
SpringBoost Expands Sales Team
SpringBoost hired 12 new sales reps who will report to Kim Walsh, recently promoted from Regional Manager to the newly created position of manager of U.S. Sales. She reports to Donald W. Johnson, newly appointed vice president of sales…
Jarden Announces Stock Buyback Plan
Jarden Corporation, parent company of K2 and Volkl skis, announced that its Board of Directors has authorized a new stock repurchase of up to $100 million of its common stock. As of October 29, the company had approximately 77.6 million shares of common s
Surfboards Load for Free on Virgin Atlantic
Virgin Atlantic announced that its passengers are allowed to take an item of sports equipment on their flights free of charge. The news followed a recent ban by British Airways (BA) on surfboards and similar items…
Shoe Carnival Expects Sharp EPS Decline on Weak Q3 Comps
Shoe Carnival, Inc. reported that sales for the thirteen-week period ended November 3 decreased 8.0% to $173.9 million, compared to sales of $189.1 million for the thirteen-week period ended October 28, 2006. Comparable store sales declined 5.0% for the
Kohl’s Will Pursue LEED Certification in 80 Stores
Kohl’s Department Stores will pursue LEED (Leadership in Energy and Environmental Design) certification for more than 80 locations. The certifications are being pursued through the US Green Building Council Portfolio Program and will appear in 28 states n
Saks Comps Surge 10.6%
Saks Incorporated reported comparable store sales increased 10.6% during October. Total sales reached $269.1 million versus $232.2 million, a 15.9% increase…
Same-store Jump 8.5% at Neiman Marcus
Same-store sales at Neiman Marcus rose 8.5% in October. Total sales advanced 10.9% to $383 million from $345 million…
Kohl’s October Comps Fall 3.8%
Kohl’s Corporation sales for the month of October, 2007 increased 1.6% over 2006. On a comparable store basis, sales decreased 3.8%. Based on October’s results, the Company expects its third quarter earnings to be 59 cents to 60 cents per diluted share…
Retail Ventures Comps Tumble 7.3%
Retail Ventures, Inc. reported October sales reached $787.8 million, basically flat against $787.6 million a year ago. Same store sales decreased 7.3% for the thirteen week period.
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Bakers Footwear Q3 Comps Fall 16.6%
Bakers Footwear Group, Inc. reported third quarter sales decreased 13.4% to $40.3 million, compared to $46.6 million a year earlier. Comps decreased 16.6%, compared to a 4.2% decline in the comparable period last year…
Isis Appoints Two New Rep Groups
ISIS appointed Bruce and Michelle Marsh of BRM Representatives as well as Mark Waddle and Elizabeth Dell of Active Pursuits as independent sales representatives for its Midwest regional territory. Both groups joined the team on November 1.
