Wolverine World Wide, Inc. announced the acquisition of the Cushe (pronounced “cushy”) footwear brand, a move the company says will drive new global opportunities and leverage the strength of Wolverine's proven business model and operating infrastruc
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December Comp Sales Flat for Ross Stores
Ross Stores, Inc. saw sales of $802 million for the five weeks ended Jan. 3, 2009, a 6% increase over the $755 million in sales for the five weeks ended Jan. 5, 2008. Same store sales for the five weeks ended Jan. 3, 2009 were flat on top of a 3% increase
Stein Mart December Comps Fall 9.3%, Reduces Expense Structure
Stein Mart, Inc. saw total sales for the five-week period ending Jan. 3, 2009 of $178 million, a decrease from $196.3 million during the comparable period last year. Comparable store sales dropped 9.3% for the five-week period ended Jan. 3, 2008, an incre
TJX Sees Flat December Comps, Updates Q4 Outlook
The TJX Companies, Inc. saw sales for the five-week period ended Jan. 3, 2009, of $2.37 billion, a 3% decrease from the $2.43 billion achieved during the five-week period ended Jan. 5, 2008. Consolidated comparable store sales for the five-week period end
Reports: Layoffs at Reef
Reef has laid off as many as 42 employees from its Carlsbad, CA, headquarters, according to several published reports…
Shock Doctor’s Injunction Upheld by Federal Court
Shock Doctor, Inc., announced that its preliminary injunction against competitor XO Athletic Company has been upheld by a federal appeals court…
Shimano American Acquires Fishing Line Manufacturer
Shimano American Corporation has completed its agreement to acquire Innovative Textiles, Inc., the company best known as the makers of PowerPro braided fishing line, announces Dave Pfeiffer, Shimano American president…
Reports: SF Housing Authority to Drop Handgun Suit Against NRA
According to multiple published reports, the National Rifle Association has confirmed that the San Francisco Housing Authority is preparing to drop it blanket handgun ban in public housing…
BowTech’s CEO Stepping Down
BowTech, the world's largest bow manufacturer, announces that John Strasheim is stepping down as President and CEO, effective Jan. 15, 2009. Mr. Strasheim, also a board member for the Savage Sports Corp., is pursuing other business interests…
OBIT: Former Founder of NWTF Dies
Tom Rodgers, founder of the National Wild Turkey Federation (NWTF), passed away Dec. 25 at the Edgefield County Hospital after a long battle with cancer. Rodgers, 64, was survived by his mother, his son Mark and two sisters…
Acushnet Vows to Press Ahead with Appeals to Pro V1 Ruling
Acushnet Company, the golf business of Fortune Brands, Inc., announced that it will move forward with the appeals process following denial of its request for a stay of an injunction regarding certain Titleist Pro V1 golf balls…
Johnson Outdoors Amends Debt Agreement
Johnson Outdoors Inc. completed an amendment to its existing debt agreements. Among other items, the amendment provides for greater flexibility with respect to financial metric covenants through the end of the company's 2009 fiscal year…
Holiday Was Just as Tough as Everyone Expected
Holiday 2008 proved to be just as disappointing for many in the retail sphere as everyone worried beforehand. Though anecdotal evidence from much of specialty retail held slightly better results than the general market…
Mizuno Opens New Distribution Center
MIZUNO USA, INC. held an official grand opening ribbon cutting ceremony for the company’s new 300,000 square foot distribution center in Buford, GA…
ESPN/Quiksilver Settle Trademark Infringement Lawsuit
ESPN, which is part of Walt Disney, settled a trademark infringement lawsuit by Quiksilver Inc. over the cable channel's logo for the international X Games competition. The companies didn't disclose the details of the settlement in papers filed