Hanesbrands to Redeem Debt
HanesBrands intends to redeem in July $150 million of its floating rate senior notes due 2014 as part of plans to pay off its approximately $300 million of floating-rate bond debt in 2012…
Vans Targets $1 Billion Growth, Reveals New LXVI Product Line
Vans at an investors meeting provided details on its strategy to add $1 billion in revenues over the next five years. Growth in the Americas, representing about 70 percent of total revenues in 2011, will account for nearly half of the anticipated growth,
Bakers Footwear Q1 Loss Narrows
Bakers Footwear Group, Inc. reported net sales were $44.3 million in the first quarter ended April 28, a decrease of 5.7 percent, from $47.0 million in the first quarter of fiscal 2011. Comparable store sales decreased 2.7 percent compared to an increase
Shoe Carnival Announces New Partnership with Vanderburgh County CASA
Shoe Carnival and Vanderburgh County CASA are forming a new partnership based on a mutual desire to help abused and neglected kids in our community. The organizations are teaming up to raise money in the first ever “Walk the Runway” benefiting the County&
Report: Nike Starts Umbro/Cole Haan Sales Process
Nike Inc. has hired Goldman Sachs to explore the sale of its Cole Haan and Umbro brands with a number of parties signing confidentiality agreements, sources told Reuters…
NEPA Co. of South Korea Lands $162M Equity Investment
An Asian private equity firm has agreed to pay $162 million for a significant minority share is NEPA Co. Ltd, one of South Korea's leading outdoor brands and retailers. NEPA, which generated sales of around $255 million last year, will use the money,
American Rec to Debut Three Brands at Friedrichshafen
American Rec, home to 12 iconic outdoor industry brands, is sending Kelty, Sierra Designs, and Ultimate Direction to the OutDoor 2012 Friedrichshafen trade show for the first time…
Western Governors Enlist Outdoor Nation to Get Kids Outdoors
The Western Governors’ Association and Outdoor Nation launched a pilot project to inspire young adults and their families to get outdoors and take advantage of the many great places for outdoor recreation throughout the Western states. Young adults
CW-X to Celebrate Tenth Anniversary
CW-X, a division of Wacoal Sports Science Corp., will celebrates its 10th anniversary this August at Outdoor Retailer Summer Market 2012..
CEO of Cabela’s Banking Subsidiary To Retire in 2014
Cabela's Incorporated announced that, effective Jan. 1, 2013, Executive Vice President Joseph M. Friebe will transition from his position as president and CEO of its World’s Foremost Bank subsidiary to become a special advisor to a yet to be na
University Student Dies in Hiking Accident in North Carolina
A student enrolled at University of North Carolina – Charlotte died Saturday in an accident while hiking at Stone Mountain State Park in North Carolina…
RECALL: Nautilus Bowflex Dumbbells
About 17,000 Bowflex SelectTech 1090 Dumbbells from Nautilus are being recalled due to injury hazard. The weight selector dial on the units can fail, causing weight plates to fall when the dumbbell is lifted from its cradle, posing an injury hazard…
Boa Technology Sells Majority Stake to Finance Next Growth Phase
In a bid to finance its growth plans, Boa Technology Inc. sold a majority stake to Glenbrook Consumer Partners, a San Francisco-based investment firm focused on innovative, high-growth consumer brands. The companies described Glenbrook’s investment
Fanatics Completes Acquisition of Dreams; Receives $150 Million in Equity Funding
Fanatics, Inc., a leading online retailer of officially licensed sports merchandise, announced it has completed its previously announced acquisition of Dreams, Inc. In conjunction with the acquisition, Fanatics closed a $150 million equity investment led
Lululemon’s Q1 Earnings Soar on 25 Percent Comp Gain
Lululemon Athletica Inc. reported that sales in the first quarter vaulted 52.8 percent to $285.7 million. Comparable stores sales for the first quarter increased by 25 percent on a constant dollar basis. Net earnings jumped 39.5 percent to $46.6 million,
