Bay Harbour to Acquire Steve and Barry’s
Bay Harbour Management LC plans to purchase out of bankruptcy the assets of Steve & Barry's for $168 million. The New York-based investment firm plans to keep open about 150 of the chain's 276 stores, according to the Bay Harbour managing princi
Shoe Carnival’s Q2 Sales Climb 2.4%; Earnings Soar
Shoe Carnival, Inc. reported earnings for the second quarter increased more than five-fold, to $977,000, or 8 cents a share,, from $167,000, or 1 cent, a year ago. Sales increased 2.4% to $158.5 million compared to sales of $154.8 million for the prior ye
Nike to Open Concept Store in SOHO
Nike plans to open its first stand-alone retail location for its Nike Sportswear line this Friday, August 22nd. The store front, located at 21 Mercer Street in New York's SOHO district, will be the only place globally to carry the complete Nike Sport
Icebreaker Purchases Distributor in Switzerland and France
Icebreaker announced its purchase of its distributor in Switzerland and France, Rockline Nature Zone, and the creation of two new subsidiaries, Icebreaker Switzerland and Icebreaker France….
PacSun Adds Board Member
Pacific Sunwear of California, Inc. appointed William Cobb to its board of directors. Cobb previously worked for eBay, Inc. from 2000 to 2008, where he most recently served as president of eBay Marketplaces North America. Prior to joining eBay, Inc., he h
First Giant Bike Store Opening in October
Giant Bicycles is opening its first “Giant Bicycle Store” called Cycle Star this October in Santa Maria, CA. At the store, 90% of bicycles and parts and accessories will sold either be Giant only, or Giant distributed. Giant has partnered with Scott Clark
Diadora America Names VP of Sales
Diadora America appointed Mark Wachter as its vice president of sales. In this position, Wachter will manage the sales force and oversee all sales functions for the soccer, tennis and running lines. In addition, Wachter, who began his career at Diadora A
Gildan Sees Q3 Sales Jump on Sock Acquisition
Gildan Activewear Inc. reported a double-digit jump in net sales for its fiscal third quarter as the earlier acquisition of a sock business continues to boost the top line. Net income also grew for the quarter, though at a much slower rate…
Delta Q4 Sales Jump 14.7%, Soffe Up 1.4%
Delta Apparel, Inc. reported net sales for the fourth quarter ended June 28, 2008 increased 14.7% to $105.3 million. Both the activewear and retail-ready segments had record sales driven by sales growth in all business units. Gross margins increased 330 b
True Temper Reports Record Sales in Q2
True Temper Sports, Inc. reported net sales increased 14.2% to $37.7 million for the second quarter of fiscal 2008, compared to $33.0 million reported during the year-ago period. Second quarter net sales, which were driven by strong demand from the steel
NexCen’s D’Loren Out as CEO; CFO Tapped as Replacement
NexCen Brands, Inc. reported that Robert W. D’Loren has resigned as CEO and as a member of the company’s Board of Directors. Kenneth J. Hall, currently executive vice president, CFO and treasurer, has been appointed CEO…
Rack Vendors Focus on Ease of Use at ORSM
Finally, rack manufacturers are improving their product lines to make it easier for outdoor enthusiasts to carry the gear they need to their destinations. The product innovations and improvements address specialty retailer’s frustrations with exploding SK
New Legislation Focuses on Consumer Safety, Bans Phthalates
President Bush has approved the “Consumer Product Safety Improvement Act of 2008.” This bill — which was signed on Thursday, August 14 — will clear the way for improved product safety. Included in the new measure are bans on certain harmful chemicals i
Icebreaker Introduces Garment Traceability
Merino outdoor clothing manufacturer Icebreaker is introducing Baacode, a traceability system that will enable customers to follow their garments through every step of the production process…
Nissan Signs on as Major Sponsor of EUROBIKE
Japanese carmaker Nissan has signed on as a sponsor and partner of Eurobike, the international bicycle show than runs Sept. 4-7 in Friedrichschafen. It will be the company’s first involvement in the show. Nissan will debut its new crossover models as shut
