Washington’s Discover Pass Sales Neared $3 Million in First Six Weeks
During the first six weeks of sales, the new Discover Pass raised $2,914,434 in revenue to support state parks and other public recreation lands in the state of Washington. The $30 Discover Pass is meant to replace $65 million in annual funding from the g
Consumer Spending Rebounds, Up 0.8 Percent in July
The Commerce Department said consumer spending rose 0.8 percent in July, representing a rebound after sliding 0.1 percent in June. The rise in spending matched the increase in February as the largest since summer 2009…
CamelBak Acquired by Owners of Fox Racing Shox
Compass Diversified Holdings, which owns Fox Racing Shox, acquired an 89.9 percent stake in CamelBak Products, LLC for $257.5 million. The deal estimated CamelBak's total enterprise value of $245.0 million, or about two times 2010 sales. Camelbak CEO
Apparel Nearsourcing Directory Launched at MAGIC
The Office of the U.S. Trade Representative launched a new online directory at the MAGIC textile trade show that will help to enhance textiles trade and attract job-supporting investments to the United States and six trading partners who are parties to th
Confluence Moving to New Digs in Upstate South Carolina
Confluence Watersports will relocate this fall to a new 300,000-square-foot facility in Greenville, S.C. within 10 miles of the company's current operations in Easley, SC. The move enables significant cost savings and efficiency gains and will put em
Old Navy Recalls Misspelled College T-Shirts
Old Navy is reprinting thousands of college T-shirts to correct an embarrassing error. The shirts debuted this month, featuring the names and mascots of dozens of schools. Printed at the top of each shirt are the words “Lets Go!!”…
Shoe Carnival’s Q2 Profits Sink 34 Percent
Shoe Carnival, Inc. reported second-quarter results that came in short of expectations due to weather that hurt traffic and the slower trend in the toning category. Earnings slumped 34.1 percent to $2.7 million, or 20 cents per share, from $4.1 million, o
Canadian Tire Completes Acquisition of Forzani
Canadian Tire Corporation, Limited said it completed its acquisition of The Forzani Group Ltd. Its subsidiary FGL Acquisition Co Limited successfully acquired the 905,853 remaining Class “A” shares of The Forzani Group Ltd. not already owned…
Liberty Mountain Picks up Valandré Line
Liberty Mountain has begun distributing Valandré, a line of high end technical down products, to outdoor specialty retailers in the U.S. Based in France, Valandré’ is a high-end manufacturer of down sleeping bags and outerwear for mountaineers and
Under Armour to Sponsor Grand Prix
Under Armour Inc. has inked a deal to sponsor the inaugural Baltimore Grand Prix event…
Timberland to Open First Minnesota Store
Timberland has signed a multi-year lease at Calhoun Square in Minneapolis's Uptown neighborhood. The company will occupy a 2,000-square-foot space, according to mall officials. The store plans to open Nov. 1…
Collective Brands to Close 475 Stores
Collective Brands, Inc. said that as part of its efforts to optimize the performance of its Payless and Stride Rite store fleet, it would close approximately 475 under-performing and low-volume, non-strategic stores in the next three years with more than
Rock/Creek Plans to Open Expanded Paddle Shop Oct. 1
Rock/Creek said it expects to open a new, improved retail paddling store, outlet and distribution center in Chattanooga, TN Oct. 1 just in time for the Rock/Creek StumpJump 50k and Chattanooga RiverRocks festival. The expanded location will make Rock/Cre
Marcovitch Named President and CEO at Coleman
Robert F. Marcovitch has been named president and CEO of The Coleman Company, Inc., effective September 1, 2011. Marcovitch joins Coleman from his current role as President and CEO of K2 Sports, a Seattle-based global manufacturer of skis, snowboards and
Pacific Sunwear Posts Q2 Loss, Comps up 1 Percent
Pacific Sunwear of California, Inc. reported a net loss of $19.3 million, or 29 cents per share, in the second quarter compared to a net loss of $23.5 million, or 36 cents, a year ago. Sales were $214.9 million versus net sales of $218.3 million a year ag
