In the four-week January period, comparable revenues in Neiman Marcus' Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, decreased 25.8%. The company experienced weakness across all geographies and merchandise
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Twins Enterprise Rebrands as Twins ’47 and Banner ’47
Twins Enterprise is shifting directions to show off the brands heritage and the unique story of how the company has come to be a major player in the sports licensed products market. Twins Enterprises is launching new brand platforms for its two main busin
REI Boulder Awarded LEED Gold Rating
Recreational Equipment, Inc. (REI) announced that its prototype store in Boulder, Colo. has been awarded LEED (Leadership in Energy and Environmental Design) Gold certification from the U.S. Green Building Council (USGBC). REI Boulder is a remodeled and e
Skechers Warns of Fourth Quarter Loss as Margins Contract
Skechers USA, Inc. said its fourth quarter 2008 results are expected to be significantly below the range of its previous outlook. For the fourth quarter of 2008, the company now expects net sales to be in the range of $290 million to $300 million and a ne
RECALL: Mavic Bikes
About 12,000 bicycles with R-SYS front wheel rims, made in France and imported by Mavic USA, of Haverhill, Mass. were recalled because the spokes on the front wheel rim can break during use, posing a fall and crash hazard to riders. The company has receiv
Sport Chalet Reviews Strategic Alternatives
Sport Chalet, Inc. said it was evaluating strategic alternatives, including raising additional capital and amending or replacing its current credit facility. This includes retaining Wedbush Morgan Securities as its financial adviser…
SIA: Slowing Equipment Sales Impact Specialty Retail
According to the August-December SIA Retail Audit, retail sales in the SnowSports market declined 1.5% in 2008 to $1.88 billion. Most of the declines came from equipment categories, but apparel was also down in the low-single-digits. Accessories were the
NRF: Retail Sales to Decline in 2009
Retail sales – excluding car sellers, gas stations and restaurants – are expected to decline 0.5% this year, according to the National Retail Federation’s 2009 economic forecast. This marks the first time the trade group projected a decline since it start
Pelican Products Acquires Hardigg
Pelican Products, Inc., manufacturer of plastic injection molded protective cases, acquired long-time competitor Hardigg Industries, manufacturer of roto molded protective cases. The transaction, valued at approximately $200 million, is believed to be the
New North American License for Kangol
Apparel Limited, based in Los Angeles, has reached an agreement to become the new North American licensee for Kangol Apparel, according to just-style.com. Apparel Limited makes the Dickies Girl line…
Escalade’s CFO Resigns
Escalade, Inc. said it has accepted the resignation of Terry D. Frandsen as vice president and chief financial officer. Robert J. Keller, Escalade's president and chief executive officer, said that the company and Frandsen had reached a mutual decis
PGA Show Rolls Out New Technologies in Tough Economy; The New Pro V1 Debuts
At the PGA Show in Orlando last week, the ‘new geometries’ launched two seasons ago that brought high-MOI to the norm now are slowly ebbing back toward traditional. For the most part, vendors appeared to be moving back toward a more traditional business
Delta Swings to Profit; Will Close Soffe Plant
Delta Apparel Inc. reported that sales growth for the fiscal second quarter ended December 27 was fueled by gains at the Retail-Ready division, which is comprised of the Soffe and Junkfood businesses, while the Activewear segment, comprised of the Delta a
Newton Running Names New President
Newton Running has named Stephen Gartside as president of the technical running footwear company.Gartside will run the day-to-day global operations of Newton Running and work closely with Newton’s founders, Danny Abshire and Jerry Lee…
Pace Setters
The SGMA’s “2008 State of the Industry Survey” lists running as number four on the list of “Hottest Sports for Sales Growth in 2008” behind yoga / pilates, fitness walking and lacrosse. Women play a significant role in keeping running at the top of that l
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