SGB Update Apparel
Finish Line Fires Back at Genesco with Own Court Action
The Finish Line, Inc. has filed an answer, counterclaim and third-party claim for declaratory judgment in connection with the action pending in the Chancery Court in Nashville, Tennessee, regarding the company's proposed acquisition of Genesco Inc. I
Yue Yuen’s Q3 Profit Down 3.7%
Yue Yuen Industrial showed a 3.7% decline in net profits in the third quarter ended June 30, to $119.3 million from $123.9 million a year earlier. A booming business in China is being offset by weakness in North America and Europe. Sales in the period ga
L.L.Bean Announces Employee Bonuses/Free Shipping
L.L.Bean announced the completion of a strong spring season with a recognition gift for its employees and a free holiday shipping offer as a gift of appreciation to its customers. L.L.Bean said its spring season, which closed August 31, ended 8% over last
Interbike Concludes Successful Day 1
After wrapping up Outdoor Demo, more than 18,900 Interbike attendees gathered at the Sands Expo and Convention Center Wednesday to continue with three packed days of exhibits, product launches, seminars, meetings and celebrations. In celebration of their
Nike Inc. Surges Past Wall Street Expectations for Fiscal First Quarter…
Nike, Inc. saw contributions from across the globe in its fiscal first quarter ended August 31, posting double-digit sales gains and operating profit growth in every region outside of the U.S. The company once again saw its subsidiary business growth out
Andre Agassi Sues Target Corp…
Former professional tennis player Andre Agassi has sued Target Corp., alleging that the retailer illegally used his name on more than 52,500 pairs of “Agassi” sandals sold at its stores nationwide and through Internet retailer Amazon.com. The sandals are
NRF: Holiday Sales Growth to Be Below Ten-Year Average…
The National Retail Federation reported that it anticipates holiday sales to increase by 4.0% to $474.5 billion for the 2007 season. However, with a growth rate of only 4.0%, this year’s sales increase will be below the ten-year average of 4.8% and would
Orange 21 and No Fear Drop Retail Talks…
In July, Orange 21, Inc. entered into discussions with No Fear to acquire its retail subsidiary, No Fear Retail Stores, Inc. as part of a strategic expansion. More recently, Orange 21’s independent special committee of its board of directors concluded tha
Organic Cotton Production Climbs 53%
Latest figures from the Organic Exchange show that the amount of organic cotton produced globally increased 53% from 2005/06 to 2006/07 to 57,931 metric tons (MT), or 265,517 bales of cotton and volumes are set to climb further. This expansion was led by
Genesco Sues Finish Line to Force Marriage…
When looking at the courtship of Genesco, Inc. and its coveted position in the mall, it’s hard to remember a deal in recent history that has had more ups and downs or that has gotten more personal. The latest salvo was launched on Friday morning as Genes
Dick’s Sporting Goods Rolls Out ACG Private Brand; Inks Deal on RBK Branded Apparel…
Dick’s Sporting Goods continues to expand its “private brands” strategy, announcing Monday at the annual Bank of America Securities Investor Conference that they have inked a deal with Reebok to design, source, market, and sell Reebok athletic apparel und
Crocs Fights Off Escalator Talk…
Crocs spent much of last week defending itself over reports that countless people, particularly young children, wearing their shoes were getting their toes caught in escalators. Incidents were reported to have occurred over the last few months in Singapor
ITECH Named Official NHL Visor…
Mission-ITECH Hockey has entered into a multi-year agreement with the NHL for the company’s ITECH brand to become the Official Visor and Goalie Mask of the league. As a result of the partnership, the NHL Shield will begin appearing on all ITECH facial and
Columbia Looks for Footwear and Apparel Growth
At the recent Bank of America Annual Investors Conference, Columbia president and CEO, Tim Boyle gave a brief overview of the company and its growth initiatives. On the product side, Columbia is looking at two major branding opportunities to boost apparel
Orange 21 Terminates Discussions with No Fear
Orange 21 Inc. confirmed that an independent special committee of its board of directors and No Fear Inc. have mutually agreed to terminate discussions regarding a potential strategic transaction involving the acquisition of No Fear Retail Stores, Inc. Or
