SGB Update Apparel
SandP Rates The Sports Authority New Term Loan ‘B-‘
The Sports Authority is issuing a $630 million term loan B due in 2019. Standard & Poors said it is assigning our 'B-' issue-level rating to the term loan, with a recovery rating of '4'…
Golfsmith Names Sue Gove CEO
Golfsmith International announced that Sue Gove has been named president and CEO. Gove, formerly president and COO of the combined Golfsmith and Golf Town business, has also served as the chief integration officer leading the Golfsmith-Golf Town combinat
Factory Design Labs Launches Web/Software Development Arm
Factory Design Labs, a full-service agency delivering digital and traditional advertising solutions, has formed Factory Code Labs, an agile software development group focused on the creation of web and software solutions anchored by Protosite, the company
Lids Sports Group Unit Agrees to Acquire 12 Stores from Fanatics
The LIDS retail division, a multi-channel business unit of Indianapolis-based LIDS Sports Group, has reached an agreement with Florida-based Fanatics, Inc. to purchase 12 brick-and-mortar retail stores, comprised of…
Kohl’s October Comps Rise 4.6 Percent
Kohl’s Corporation reported that for the four-week month ended Oct. 27, total sales increased 4.6 percent and comparable store sales increased 3.3 percent over the four-week month ended Oct. 29, 2011…
TJX Raises Guidance on Strong October
The TJX Companies, Inc. reported October 2012 sales were $2.1 billion, up 11 percent over the $1.9 billion achieved a year ago…
Pon Takes Over Bicycle Maker Union
Pon Holdings of the Netherlands has agreed to take control of the Union bicycle brand from Dutch Bicycle Group. Pon will market Union both in the Netherlands and other countries in North-West Europe. While Pon said that Dutch Bicycle Group remains a partn
Skullcandy Lowers EPS Forecast Despite Third Quarter Surge
Skullcandy Inc. reported net sales increased 17.1 percent to $71.0 million in the third quarter ended Sept. 30, but lowered its earnings per share guidance for the full year substantially due to uncertainty in Europe and increasing promotional activity le
Russell Extends Partnership with Arena Football League
The Arena Football League and Russell Brands, LLC have renewed their partnership for the next three seasons…
PVH to Acquire Speedo Parent Warnaco Inc.
PVH Corp. (PVH) and The Warnaco Group, Inc. (WRC), parent of Speedo, have entered into a definitive merger agreement pursuant to which PVH will acquire Warnaco. The transaction values Warnaco at approximately $2.9 billion, and with over $8 billion in pro
Iconix Launches Securitization
Iconix Brand Group, Inc. announced the intention of certain of its subsidiaries to launch a new securitized financing program, expected to consist initially of $500 million of senior secured term notes and $100 million of variable funding notes…
Zumiez Lowers Guidance as October Misses Plan
Zumiez Inc. announced that sales for the four-week period ended Oct. 27, increased 20.2 percent to $41.9 million, compared to $34.9 million for the four-week period ended Oct. 29, 2011. Comparable store sales increased 0.6 percent for the four-week period
Kokotat Extends Contest Deadline for Companies Affected by Storm
Kokatat extended the deadline for 2013 American Made Outdoor Gear Awards entries to Friday Nov. 9 to accomodate companies that may be recovering from Hurricane Sandy…
BSN Sports Acquires Hayden’s Sport Center
BSN Sports announced the acquisition of Montgomery, IL-based Hayden’s Sport Center, the leading independent sporting goods team distributor in the state of Illinois…
Skis.com Launches Industry’s First Virtual Shop-in-Shop
Skis.com launched its first custom microsite in partnership with K2. The microsite is essentially a virtual shop-in-shop, where customers can explore a hand-picked selection of K2’s latest snow gear in an exclusive branded environment designed by S
