Kellwood Acquires XOXO Apparel License
Kellwood Company announced it has acquired the XOXO license for sportswear, dresses and intimate apparel from Global Brand Holdings. Kellwood's acquisition of the license is subject to the closing of the sale of the XOXO trademark by Aris Industries
Global Brands Acquires Aris Brands
Aris Industries, Inc. announced Wednesday it has signed a definitive trademark purchase agreement with Global Brand Holdings, LLC (“Global”) providing for the sale of the XOXO, XOXO IN AMERICA AND ABROAD, FRAGILE and LOLA trademarks and related assets for
Escalade Ups Stake in STIGA Parent
Escalade, Inc. has increased its ownership interest in Sweden Table Tennis AB from 37.5% to 50%. Sweden Table Tennis AB owns the STIGA table tennis brand name and is the recognized leader in table tennis design and engineering. Sweden Table Tennis AB repo
Foot Locker Shuffles the Upper Deck
The strength of the retailer’s European business, and the planned growth there, made the resignation of Foot Locker Europe CEO Simon Rider a surprise to many. Foot Locker's major expansion plans in Europe were counted on to offset the weakening US b
NPD Responds to NetRatings Patent Suit
The NPD Group, Inc. announced Monday that it filed its response to litigation brought by NetRatings, Inc., an affiliate of VNU NV. NetRatings alleges that NPD infringes upon a patent, which according to the Complaint covers “a system and method for loggi
Aussie Apparel Projects $280mm in U.S. Revenues through 2008
Aussie Apparel Group Ltd. announced that it has received its first domestic orders for its Hot Tuna brand for shipment to US retailers in September and October. The Company is utilizing the Hot Tuna label as its platform for entry into the US market…
Saks, Inc. Acquires Midwest Teen Retailer
Retailer Saks Incorporated announced it has acquired Club Libby Lu, LLC. Club Libby Lu owns and operates 11 mall-based Club Libby Lu stores, predominantly in the Midwest, catering to pre-teen girls…
Filene’s Basement Appoints Politzer EVP Merchandising
Value City Department Stores announced that Jerald Politzer has joined its Filene's Basement segment as Executive Vice President of Merchandising. Mr. Politzer was most recently Chairman and Chief Executive Officer with Salant Corporation…
Kmart Exits Chapter 11, Names Lampert Chairman
Kmart Holding Corporation announced that the Board of Directors of the Company has appointed Edward S. Lampert, Chairman and Chief Executive Officer of ESL Investments, as Chairman of the Board. Kmart emerged from bankruptcy court protection Tuesday.
KSA Offers Survival Strategies for Difficult Economic Times
Retailers must focus their attention on eight retail priorities to survive in difficult economic times says Phil Kowalczyk, Managing Director, North America for Kurt Salmon Associates (KSA). “Successful retailers know they must consistently focus on devel
Brass Eagle Reports Q1 Loss on 33% Sales Decline
Brass Eagle Inc. reported net sales for the first quarter decreased 33% to $13.4 million versus $20.1 million for the same period last year. For the three months ended March 31, 2003 the Company reported a loss of $226,000 or $0.03 per diluted share, comp
Spiegel Gets DIP Financing Final Approval
The Spiegel Group announced that it has received final Bankruptcy Court approval for the full amount of its $400 million senior secured debtor-in- possession (DIP) financing facility…
Spiegel Starts to Make Re-Org Cuts
As part of its ongoing reorganization process, The Spiegel Group announced that it plans to close one of its customer sales and service centers, that its Eddie Bauer division has restructured its headquarters workforce and that it has realigned its corpor
Cannondale Completes Asset Sale to Pegasus
An upbeat, optimistic Cannondale concluded its rapid transition through the Chapter 11 bankruptcy process Monday with the closing on the sales of the assets of its bicycle and motorsports divisions to affiliates of Pegasus Partners II, L.P. Cannondale ha
Coastcast Posts $2.7 mm Q1 Loss as Sales Plunge 51%
Coastcast Corporation reported sales for the first quarter ended March 31, 2003 were $10,731,000 as compared to $21,956,000 for the same period in 2002, net (loss) income was ($2,736,000) vs. $723,000, and diluted (loss) earnings per share were ($0.36) vs
