Second Largest Mall Operator Lands in Bankruptcy Court
General Growth Properties Inc. filed the biggest real estate bankruptcy in U.S. history last week after amassing $27 billion in debt during an acquisition spree that turned it into the second-largest shopping mall owner in the U.S. The company listed $29.
Jarden Corp. Sees Q1 Above Wall Street Forecasts
Jarden Corp., the parent company of Coleman, K2, Marmot, Volkl and other outdoor brands, said it expects revenue for the first quarter of 2009 to be approximately $1.14 billion as compared to $1.22 billion in the prior year period…
Russell Athletic to Close Alex City Plant
Russell Athletic plans to close a woven plant in Alexander City, GA, on July 1. About 250 jobs are affected. Rick Medlin, executive vice president of manufacturing, said the closing is related to the general economic downturn…
Orange 21 2008 Loss Nearly Doubles
Orange 21 Inc., which owns Spy Optic, reported sales rose 2% to $47.3 million in 2008 from $46.5 million for 2007. The action sports company incurred a net loss of $15.2 million for the year ended Dec. 31 compared to a net loss of $8.0 million for the yea
Gwen Manto Exits Dick’s SG
Gwen Manto left her role as EVP and chief merchandising officer of Dick's Sporting Goods, Inc., effective April 13. According to a filing with the SEC, DKS does not expect to replace her in this position but will instead realign its merchandising org
Census Bureau: Gas, Auto Sales Declines Sank Retailers in March
The U.S. Census Bureau reported Tuesday that advance estimates of U.S. retail and food services sales for March, which were adjusted for seasonal variation and holiday and trading-day differences but not for price changes, were $344.4 billion, a decrease
NexCen Brands Appoints VP of Information Technology
NexCen Brands, Inc. has appointed Gerald Brouillette to the newly created position of Vice President of Information Technology for NexCen Franchise Management, Inc…
Smith and Wesson, USA Shooting Team Up
Smith & Wesson Corp., said the company will team up with USA Shooting to sponsor training clinics for top junior qualifiers as part of the National Junior Olympic Shooting Championships taking place April 15-20, 2009 in Colorado Springs, CO…
Darn Tough Vermont Socks Awarded $8.5 Million Army Contract
Darn Tough Vermont said its military issue flame resistant Merino wool boot sock will be included in the recently awarded Fire Resistant Environmental Ensemble known as the FREE Clothing System. This is a multilayered, versatile, insulating system that is
Rocky Signs On For Field and Stream Competition
Rocky has signed on as the official boot sponsor of Field & Stream magazine's 2009 Total Outdoorsman Challenge. The world's largest outdoor magazine is hosting its sixth annual outdoor competition across the nation throughout the summer. Open to
Nautilus Takes Action Against Counterfeiters
Nautilus, Inc. has filed suit against importer/distributor, SC Excel Technology, Inc. (dba Duro Fitness) of Montreal, Canada and obtained an Anton Piller order to enter its premises and seize counterfeit goods and relevant records. The suit was filed aft
Former Golf Galaxy Management Launch Consuling Group
The former co-founders of Golf Galaxy, Greg Maanum and Randy Zanatta, have launched Retail Minds, a consulting group based in Minneapolis, MN. Golf Galaxy was sold to Dick's Sporting Goods in early 2007…
Boulder Outdoor Specialty Group Adds to Sales Team
The Boulder Outdoor Specialty Group, a collection of six cornerstone outdoor industry brands, has added John Horsnell to its inside team of territory managers…
Bakers Footwear Earnings Plunge in Q4, Comps up 3.6%
Bakers Footwear Group, Inc. reported net income for the quarter plunged to $0.5 million or 7 cents per share from $7.3 million, or $1.03 per share in last year's fourth quarter. Results for the prior year period included a gain of $4.8 million or 67
Genesco Investor Files Lawsuit Against UBS Securities
An investor in Genesco Inc. shares has filed a proposed securities class action against UBS Securities, LLC on behalf of all holders of the common stock of Genesco, Inc. The lawsuit stems from its terminated merger with The Finish Line…
