Federated’s Shareholders Approve May Merger
Federated Department Stores, Inc.'s shareholders approved the company's proposed merger with The May Department Stores Company. About 81% of shares outstanding, comprising more than 99% of votes cast at Federated's Annual Meeting of Shareho
Wolverine Q2 Net Income Up 22% on 8.5% Sales Increase
Wolverine World Wide, Inc. reported that second quarter 2005 revenue totaled $215.7 million, an 8.5% increase over second quarter 2004 revenue of $198.8 million. Earnings per share for the second quarter of 2005 were 22 cents compared to the 18 cents repo
TNF Partners with GlobalGiving
GlobalGiving is the emerging marketplace for international aid. It directly connects social entrepreneurs in the developing world with individuals, corporations and institutions that have an interest in funding social, environmental and economic developme
NHL and NHLPA Agree in Principle to CBA
The National Hockey League and the National Hockey League Players' Association have reached an agreement in principle on the terms of a new Collective Bargaining Agreement. Details of the new agreement were not given, pending the formal ratification
Warrior Lacrosse Acquires Innovative Hockey
Warrior Lacrosse announced today that Innovative Hockey, the industry's leading designer and manufacturer of high
end graphite hockey sticks, shafts and blades has been acquired and will operate as a new division called Warrior Hockey. Warrior Hockey
Dorel Sees Slow-Down In Schwinn’s Sting Ray
Although Dorel Industries expects higher pre- tax earnings over 2004, certain issues within the Home Furnishings and Recreational/Leisure segments will impact earnings in the second half of the year. A combination of the filling of initial orders from ret
TKO Holdings Centralizes Offices in Houston
TKO Holdings Inc., manufacturer, marketer and licensor of sporting goods under the TKO brand name, announced that it has centralized all of its operations and moved its Head Office to Houston effective July 1, 2005. This follows the recent closing of its
Sierra Trading Post Names Top Four Affiliates
Sierra Trading Post honored four top affiliates by naming them winners in a value-add contest titled the “Spring Bling.” Contest participants were challenged to find ways to add value to the web, while at the same time proving themselves as effective mark
Just Two Bikes Acquired by Sales Manager, Financial Backer
Just Two Bikes, Inc., a recumbent cycle manufacturer headquartered in Hugo, Minn., announced that the company has been purchased by Dale Hedstrand, President of Focal Point Financial Services of White Bear Lake, Minn. and Jim Dugelman, Sales and Marketing
Giant Bolsters Product and Marketing Teams
Giant USA is proud to announce the recent addition of five new hires to bolster its already-strong product and marketing teams. This growth in staff is aligned with Giant USA’s continued focus to build innovative products, support its dealer network and c
Zappos.com Lands More Financing…
Zappos.com received an additional $15 million round of equity funding from Sequoia Capital, a technology-based private investment fund that has been involved with several internet companies, including Google, Cisco Systems, Kayak.com, and PayPal. The fund
Sugoi Acquired by Cannondale…
In a move that took many in the specialty run and bicycle apparel industry by surprise, Cannondale announced that it will acquire Sugoi Performance Apparel for an undisclosed amount. This is an especially curious move by Sugoi, who has been consistently g
Confluence Solidifies Brand Positioning…
Following their recent acquisition of Watermark’s watersports division, Confluence has finalized the positioning for its brands, creating a structure that is designed to allow the company to distribute multiple brands across multiple channels. For any man
LL Bean Changes Ad Agency, Strategy…
L.L. Bean caught the eye of the advertising and media trade this week with their decision to hire Pile and Co., an advertising consultant firm, to review their advertising program. For the past five years, L.L. Bean has held a contract with Martin/William
Action Sports See Wall Street Action…
Zumiez continued its string of impressive same-store sales gains, posting a 10.7% increase in June on top of a 9.0% increase in the year-ago period. The gain was attributed to a mid-single-digit increase in comp store transactions and a mid-single-digit
