Steve and Barry’s to Liquidate
Steve & Barry's has filed for bankruptcy protection a second time, less than five months after its initial filing, with a plan to fully liquidate. According to the company's Chapter 11 petition filed late Wednesday in Manhattan, the 276-store re
American’s Drive 4.4% Fewer Miles in September
Americans drove 4.4% less, or 10.7 billion fewer vehicle miles traveled (VMT), in September 2008 than September 2007, the eleventh-straight month of declining driving. The bad news, the decline has cost the Highway Trust Fund, the primary source of federa
Holiday Gift Card Sales Expected to Decline
Shoppers’ price-conscious mentality is taking a toll on the season’s most-requested present: gift cards. The National Retail Federation's sixth annual Gift Card Survey found that gift card sales will fall nearly 6% this holiday season to $24.9 billio
Hibbett Raise Earnings Outlook on 8.1% Sales Increase
Hibbett Sports Inc. raised its earnings outlook for the fiscal year ended Jan. 31, 2009 saying its IT investments were helping it better manage inventory and boost comp store sales despite economic headwinds. The company said net sales rose 8.1% on a 0.4%
Hanesbrands to Lay Off 395 Jobs
Hanesbrands Inc., the parent of Champion, said it will trim 210 management and corporate positions to reduce costs, and also plans to close a China Grove, N.C., yarn plant by the end of the year, affecting another 185 employees. Hanesbrands has about 48,6
48STRAIGHT Cancels Season as Jeep Pulls Out
Chrysler subsidiary Jeep has pulled out as title sponsor of the 48STRAIGHT winter event series, forcing organizers to cancel the snowsport series on the eve of its third season. Event organizers have already canceled events at ski resorts in…
Timberland Licenser Has 4% GAAP Revenue Rise in Q3
For the third quarter of 2008, Phillips-Van Heusen Corporation, licenser of Timberland apparel, had total GAAP revenue increase 4% to $727.5 million from $696.4 million in 2007. The company has revised its previous projection for full year earnings per sh
NanoSphere Partners Quadruple in One Year
A year after Schoeller Technologies AG and Clariant International Ltd. joined forces to distribute NanoSphere finishing technology, the number of partners almost quadrupled, rising from 12 to 47. The range of countries now includes…
CPSC: New Phthalates Limits Aren’t Retroactive
The Consumer Product Safety Commission has ruled that an impending ban on certain products containing phthalates will only affect those made after Feb. 10, 2009. The ruling eliminates a major headache for sporting goods suppliers and retailers, who until
TSL Snowshoes Adds to Sales Team
TSL Snowshoes, manufacturer and distributor of domestically produced snowshoes, has added the Shaw & Heald Sales group to their national sales rep team. The group headed up by Andy Shaw and Scott Heald will be responsible for the New England Territory…
Grenade Gloves Partners with Winter Dew Tour
Grenade Gloves is is now the official glove partner for the Winter Dew Tour. This partnership will last two seasons–through the winter 2008-2009 and winter 2009-2010 tour seasons…
Bob Meers Becomes CEO of Taryn Rose
Taryn Rose International, the women's fashion footwear line, named Robert Meers as its new CEO. Meers resigned as CEO of Lululemon Athletica on June 30…
Sport-Haley Posts Loss; Revenues Slide 18%
Sport-Haley, Inc. reported net sales of fashion apparel decreased 18% in the third quarter ended Sept. 30, to $2.84 million from $3.41 million. The decrease for the comparative three-month periods was primarily comprised of decreases in net sales of Spor
The North Face Completes 1MW Solar Energy System
The North Face completed a 1MW solar electricity system at its West Coast distribution center located in Visalia, CA. The system, which will power 25%-30% of the energy needs of the facility, was designed, engineered and installed by Suntech Energy Soluti
Sugoi Names Marketing Manager
SUGOI Performance Apparel, a division of Dorel Industries, named Kara Hurry as its new marketing manager. Before joining SUGOI, Hurry, a native Australian, served as the Marketing Services Manager for Australian Wool Innovation (AWI) in New York. At AWI,
