Everlast Faces Termination Fees if Deal Falls Through
Everlast Worldwide Inc. said that it will be required to pay Hidary Group a $3 million termination fee under certain circumstances if it ends a merger agreement between the companies during the current “go shop” period, according to a filing with the Secu
Sports Chalet’s Q4 Net Drops 45%
Sport Chalet, Inc. reported net income declined to $881,000, or 6 cents a share, from $1.6 million, or 12 cents, a year ago, reflecting a weak California snowfall. Sales in the period ended April 1 increased 9.1% to $97.8 million from $89.7 million, with
Reebok/CCM and USA Hockey Extend Partnership
USA Hockey announced that Reebok-CCM Hockey, a long-time partner of the organization, has agreed to a multi-year deal that will keep the company as an official equipment supplier of USA Hockey and USA Hockey InLine…
Macy’s to Install Solar Power Systems in 26 California Stores
Macy’s will install solar power systems and significantly reduce energy consumption in 26 stores throughout California in partnership with SunPower Corporation, a Silicon Valley-based manufacturer of high-efficiency, commercially available solar cells, so
Payless ShoeSource adds Stacey Bendet to designer line-up
Payless ShoeSource has signed a deal with fashion designer Stacey Bendet, mastermind behind the alice + olivia designer label, to create the alice + olivia for Payless collection, Bendet's first-ever footwear collection. The line will be exclusively
Payless Posts 5% Q1 Comps, Plans New DC; COO Exits…
Fresh off its announced plan to acquire Stride Rite, Inc., Payless ShoeSource, Inc. reported first quarter results that included single-digit gains on the top and bottom lines and were among the best to come out of family footwear retail. In addition, PSS
Crocs Awarded $1.8 Million in Jibbitz Infringement Case…
Crocs, Inc. is back on the war path in court, this time defending copyrights and trademarks for its subsidiary, Jibbitz, LLC. The judgment from the U.S. District Court in Nevada awarded Jibbitz $1.8 million in addition to attorneys fees and other costs i
Nike Sets New Corporate Social Responsibility Goals
NIKE, Inc. announced a series of business targets for 2011 that more deeply integrate corporate responsibility goals into the company’s long-term growth and innovation business strategies. The targets set benchmarks to improve labor conditions in contract
Ocean Kayak and Necky Kayaks Continue to Support BCF
Ocean Kayak and Necky Kayaks, made their latest contribution in the fight against breast cancer, a quarterly donation of $8,655 to the Breast Cancer Fund. Ocean Kayak donates one percent of gross sales from their Venus 10 and Venus 11 kayaks, while Necky
Genesco Q1 Earnings Fall on Slow Urban Market
Genesco Inc. first quarter earnings before discontinued operations were $2.2 million, or 10 cents per diluted share. For the quarter ended April 29, 2006, earnings before discontinued operations were $10.7 million, or 41 cents per diluted share. Net sales
Hyperlite Officially Launches Apparel
HO Sports company, Inc. announced the launch of a Hyperlite apparel line for 2007. In partnership with the S-Group, a design, development and sourcing house out of Portland, OR, Hyperlite introduced a men’s and women’s product line consisting of board sho
Perry Ellis CFO Resigns
George Pita, Chief Financial Officer of Perry Ellis International, Inc. announced his resignation, effective June 18, 2007, to pursue other interests. Following Mr. Pita's departure, Mr. Thomas D'Ambrosio will assume the role of interim CFO unti
Dunning Golf Adds Rep for Michigan
Dunning Golf has hired Tim Grombala as sales representative for Michigan. An industry veteran with more than 13 years of experience for brands such as Ahead, Bolle, Bushnell Sports Optics, Garb and Serengeti, Grombala is tasked with growing Dunning Golf’s
Perry Ellis Signs Footwear Licenses with ACI Int’l
Perry Ellis International has entered into new licensing agreements with ACI International Inc. to design, manufacture and distribute dress, and casual athletic footwear for the Perry Ellis and Perry Ellis Portfolio brands and to design, manufacture and d
Payless Plans New DC in Ohio
Payless ShoeSource, Inc. plans to locate its eastern distribution center in Brookville, Ohio, a community 15 miles west of Dayton, as part of its dual distribution center plan announced earlier this year aimed at enhancing the logistical efficiency and qu
