Ben Cammarata, chairman and acting CEO of TJX Companies, last week laid out his vision for what needs to happen to turn business around for the off-price retailer. The changes include an exit from its e-commerce business and some repositioning of its sma
Tag: Supplier
Huffy Corp. Emerges from Chapter 11…
Huffy Corporation has emerged from the Chapter 11 reorganization process after almost 11 months under the court’s protection. The company officially concluded the reorganization process after completing all required actions and satisfying all remaining co
Seemed Like a Good Idea at the Time: K2 Warns on Continued Paintball Pain…
K2 Inc. cut their earnings guidance last week due to considerable weakness in the paintball market. The company has been seeing weakness in this segment for most of the year, but was anticipating a turn-around in the back half. The company now expects di
Cabela’s Anticipates Flat Q3 Income on Negative Comps…
Cabela’s sales and earnings were impacted by the Hurricanes hitting the Gulf Coast, the resulting higher energy prices, and the effect this is having on consumer spending. Third quarter fiscal 2005 revenues are expected to increase 12% with diluted EPS “a
Nike’s Beaverton Campus Earns ‘Salmon Safe Certification’
Nike’s world headquarters is the first corporate campus to earn 'Salmon Safe certification,' a designation that means the company is significantly improving the environmental health of its 175-acre property. Other companies working towards Salmo
Carrera Becomes Fourth Sponsor for Team FSx
Carrera has signed a two year contract to sponsor Team FSx. Eli Brown, Fischer Nordic Racing manager has brought Carrera on to help American Cross Country Ski racers compete at the top level in national and international competition. Carrera will be the o
LaCrosse Signs Lease on HQ and DC in Portland
LaCrosse Footwear, Inc. announced that it has signed a long-term operating lease for a new 145,000 square foot building in Portland, which will house its corporate headquarters and the distribution center for its Danner products. Construction is scheduled
Schwinn Brand Hires Specialty-Specific Product Manager
Pacific Cycle has hired Tom Mount as Senior Product Manager – Schwinn Specialty. Mount is a 14-year veteran of the bicycle industry and spent the last five years as K2's Bike Product Manager. Prior to K2, Mount worked at Darby Cycle (Raleigh America)
JJB Sports Sees First Half Sales Drop 6.2%; Profit Falls 35.8%
JJB Sports, UK’s largest sports retailer, announced its interim results for the 26 weeks to 31 July 2005. Revenue Dropped 6.2% to £340.4 million ($637.6 mm). Operating Profit fell 35.8% to £17.6 million ($33.0 mm)…
adidas Reiterates Growth Projections; Sees Salomon Sale Approval ‘Soon’
adidas reiterated its forecast of 20% net income growth for the year and expects to see sales growth in the mid- to high-single-digit range, based on management presentations at the company’s annual investor conference held today in Herzogenaurach, German
NRF: Thank Goodness, No National Retail Sales Tax
The National Retail Federation welcomed the decision by the President’s Advisory Panel on Federal Tax Reform to reject proposals to replace the federal income tax system with a controversial National Retail Sales Tax. Chairman Connie Mack said that panel
Superfeet Names New Product Manager
Superfeet announced the appointment of Ward Collins as the company's product manager. In this role, Collins will be responsible for the coordination and management of the complete life-cycle of all new and existing Superfeet products. In addition, he
Two Lawsuits Filed Over Proposed Goody’s Deal
Goody's Family Clothing, Inc. reported that two complaints have been filed in connection with its previously announced Agreement and Plan of Merger with certain affiliates of Sun Capital Partners, IV. The complaints, which name both Goody's and
Lotto Expands Retail Presence
Following the May inauguration of the flagship store in Milan, two new Lotto factory outlets opened in September, one situated in Mantua’s Bagnolo San Vito fashion district and one in Molfetta. Both of the new outlets are characterised by an assortment of
Royal Precision Appoints New CEO
Royal Precision appointed Christopher Johnston as its new president and chief executive officer. Formally the director, president and CEO of Royal Associates Inc., parent company of Royal Precision, Johnston played a significant role in establishing and o
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