Hanesbrands Inc. plans to increase production in Asia by closing down manufacturing operations in the Western Hemisphere. The move, which is expected to be completed by the end of summer 2009, will consolidate production through nine plant closures in fiv
Tag: People
Genesco Sees Slower Store Expansion, Opportunity for Better Lease Deals
In its first update of its five-year plan since 2006, Genesco Inc. disclosed that it expects store growth to slow down over the next few years but also expects robust bottom line growth. Overall, top-line growth is expected to rise 8% to 10% annually to
Foot Locker to Acquire CCS
Foot Locker has signed a definitive agreement with dELiA*s, Inc. to purchase its direct-to-consumers business, CCS, for $102 million in cash. CCS sells skateboard footwear, apparel and accessories through catalogs and the Internet with revenues expected t
JJB Sports Cuts Pre-Tax Profit Forecast in Half
JJB Sports Plc warned on full-year profit after slumping to a first-half loss and axing its dividend. The U.K. sports retailer and health clubs group said it expects underlying pretax profit for the year ended Jan. 2009 to be about £15 million ($27.6 mill
NexCen Sells Waverly to Iconix
NexCen Brands Inc., the parent of The Athlete's Foot, agreed to sell its Waverly furniture business to Iconix Brand Group Inc. for $26 million in cash. NexCen, which in May expressed doubt about its ability to continue as a going concern, has cut job
Amer Sports Acquires Bulgarian Ski Supplier
Amer Sports Corp. has acquired all the ski manufacturing assets of its long-term Bulgarian subcontractor, Pamporovo Ski, and as a result has assumed full control of its operations. The price paid for all the acquired assets is approximately €5 million($7.
NRF Forecasts 2.2% Holiday Sales Growth
The National Retail Federation forecasted that holiday sales will rise 2.2% this year to $470.4 billion. This gain would fall well below the ten-year average of 4.4% holiday sales growth and would represent the slowest growth since 2002, when holiday sale
REI Workshops Seek to Drive Women’s Outerwear Sales
W.L. Gore & Associates and six top outdoor brands have partnered with REI to drive women's outerwear sales at the co-op's stores starting this weekend. REI will offer one-hour workshops on how to dress for the outdoors. Participants will get a c
Asics Opens First UK Store
Asics plans to open its first UK store, on London’s Argyll Street, W1, in October as part of a global rollout of flagship stores…
Conservation Alliance Lobbies Congress on Public Lands
Representatives from The North Face, Osprey, The Forest Group, and The Conservation Alliance spent two days lobbying Congress last week to support a bill that includes more than 150 public lands bills. The proposal could go to the Senate floor for a vote
Back-to-School Footwear Sales See Return to Value Categories and Channels
The 2008 back-to-school shopping season revealed some interesting new trends in the sport footwear market as many of the trends seen last year reversed themselves for the eight-week period from mid-July through mid-September…
Retailers and Manufacturers Urged to Study Phthalate Legislation Before Tossing Inventory
The Consumer Products Safety Improvement Act of 2008 (H.R. 4040) was signed into law recently, leaving SGMA president Tom Cove worried that businesses will follow Wal-Mart’s lead and immediately trash all of their inventory containing phthalates. Cove urg
SRAM and Jarden Insist Lehman Bankruptcy Won’t Slow Them Down
Bicycle component maker SRAM said it still expects to close a deal early next month to sell 40% of the company to a unit of bankrupt Lehman Brothers Holdings Inc…
Gap Inc. Acquires Athleta for $150M
Gap Inc. has agreed to acquire Athleta Inc., the women’s sports and active apparel catalog company based in Petaluma, CA, for about $150 million in cash. The Gap said the acquisition will allow it to enhance its presence in the growing $31 billion women’s
Academy Sports Kicks Off National Ad Campaign through VYPE
VYPE signed its first national advertising contract with Academy Sports and Outdoors to provide targeted advertising in eight regions across the U.S. Through VYPE’s locally produced magazines and websites, Academy will reach key market demographics with f
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