Chernin’s to Shutter Doors
Chernin's Shoe Outlet LLC, the discount footwear retailer, is going out of business. The Chicago-based chain filed for Chapter 7 bankruptcy, listing assets of between $500,000 and $1 million and liabilities of between $1 million and $10 million. Che
Layoffs at Brown Shoe and Macy’s
Macy's Inc. and Brown Shoe Co. joined a number of companies announcing major layoffs to streamline operations in the face of the recession. Macy's plans to cut 7,000 jobs, or 4% of its workforce, while Brown Shoe, the parent of Famous Footwear,
Wolverine World Wide Maintains Full Year Sales Growth Despite Q4 Decline
Wolverine managed to maintain full year sales growth despite difficult trading conditions in the fourth quarter that led to decreased sales from last year’s fourth quarter. Growth for the year was once again driven by the company’s Outdoor Group and more
Twins Enterprise Rebrands
Twins Enterprise is shifting directions to show off the brand's heritage and the unique story of how the company has come to be a major player in the sports licensed products market…
Crocs Asks Distributors to Absorb IP Enforcement Fees
Crocs is taking steps to save a few dollars by not spending as much on legal fees. The company has created a new model of intellectual property rights enforcement activity in all distributor regions in which distributors contribute to legal fees…
Amer Q4 Profit Hurt by Steep Declines in Americas
Double-digit declines in the Americas region caused Amer Sports' Q4 sales to dip slightly to €495.3 million ($653.2 mm) versus €497.1 million ($720.0 mm) in the year-ago period. Currency fluctuations added 3% to the sales figures for the priod. Und
Canada Anti-Dumping Complaint Filed Against China and Vietnam…
The Shoe Manufacturers Association of Canada requested that the Canada Border Services Agency re-investigate pricing of waterproof rubber footwear and bottoms exported or originating from the People's Republic of China and Vietnam…
LaCrosse FW Q4 Net Halved on Higher Expenses
LaCrosse Footwear, Inc. reported consolidated net sales of $35.1 million for the 2008 fourth quarter, up 8% from $32.7 million in the fourth quarter of 2007. For the full year 2008, consolidated net sales were $128.0 million, up 8% from $118.2 million in
Grenade Gloves Hires New Sales Force Throughout U.S.
Grenade Gloves implements a new sales force in several key regions throughout the US. Marty Carrigan is the West Regional Sales Manager with an extensive background in equipment, apparel and accessories for the action sports industry. He is currently on
Retail Container Traffic to Fall 11.8% in First Half of 2009
After ending 2008 down 7.9%, cargo volume at the nation’s major retail container ports is expected to drop at an even faster pace during the first half of 2009 as the economic recession continues, according to the monthly Port Tracker report released toda
Ross January Comps Decline 2%, Raises Q4 Guidance
Ross Stores, Inc. reported sales for the four weeks ended Jan. 31, 2009 of $365 million, a 4% increase over the $350 million in sales for the four weeks ended Feb. 2, 2008. Same store sales for the four weeks ended Jan. 31, 2009 declined 2% compared to th
Twins Enterprise Rebrands as Twins ’47 and Banner ’47
Twins Enterprise is shifting directions to show off the brands heritage and the unique story of how the company has come to be a major player in the sports licensed products market. Twins Enterprises is launching new brand platforms for its two main busin
Skechers Warns of Fourth Quarter Loss as Margins Contract
Skechers USA, Inc. said its fourth quarter 2008 results are expected to be significantly below the range of its previous outlook. For the fourth quarter of 2008, the company now expects net sales to be in the range of $290 million to $300 million and a ne
Unifi Posts Q2 Loss
Unifi Inc. reported a net loss of $9.1 million or 15 cents per share, in the second quarter ended Dec. 28, versus a deficit of $7.7 million, or 13 cents, in the same quarter last year. Net sales tumbled to $125.7 million for the quarter, down from $183.4
Court Rules Phthalate Ban Is Retroactive
The United States District Court for the Southern District of New York has unequivocally reversed the Consumer Product Safety Commission's (CPSC) opinion regarding the non-retroactive application of the phthalate ban. According to the SGMA, the court
