Stage Stores to Acquire Peebles, Inc.
Stage Stores Inc. has entered into a definitive agreement to acquire Peebles Inc., a privately held retailer headquartered in South Hill, Va. For the trailing twelve-month period ended Aug. 2, 2003, Peebles had sales of approximately $311 million and net
Stage Stores September Comps Decline 3.8%
Stage Stores Inc. reported that comparable store sales for the five-week period ended Oct. 4, 2003 decreased 3.8% as compared to the prior year five-week period ended Oct. 5, 2002, during which comparable store sales decreased 1.8%. Total sales increased
Value City Adopts Holding Company Structure
Value City Department Stores, Inc. on Tuesday announced the adoption of a new holding company structure for its operating units and a stand-alone service organization. Value City Department Stores, Inc. will become a wholly owned subsidiary of Retail Ven
Nautilus Loses Latest Round in Suit Against ICON
A U.S. Federal District Court has granted ICON Health and Fitness, Inc.'s Motion for Summary Judgment of Non-Infringement under the Doctrine of Equivalents. Nautilus will appeal this decision to the Federal Circuit Court of Appeals once the District
Nordstrom September Comp Store Sales Increase 7.7%
Nordstrom, Inc. reported preliminary sales of $563.7 million for the five-week period ending October 4, 2003, an increase of 11.4% compared to sales of $505.9 million for the year-ago period. Same-store sales increased 7.7%…
JC Penney September Comp Store Sales Inch Up 0.7%
J. C. Penney Company, Inc. reported today that comparable department store sales increased 0.7% for the five weeks ended September 27, 2003. Sales of Back-to-School merchandise continued to perform well in September, while overall sales softened during t
Columbia and Jeep Join Forces
Columbia Sportswear Company and the Jeep are teaming up to offer the new limited-production “Columbia Edition” Jeep Grand Cherokee, Liberty and Wrangler. Available in both the United States and Canada, vehicles will begin arriving at dealerships this fall
adidas Sees Continued U.S. Weakness…
At the company’s Investor Day presentation last week, adidas-Salomon AG CFO Robin Stalker discussed the difficulties that the company is having in the critical U.S. market, revealing that North America full-year sales for 2003 are expected to come in belo
Tiger Goes Back to a Nike Driver…
Tiger Woods has changed drivers again, switching back to a new Nike driver after a two month stint with his old Titleist 975D model. The new Nike club will be the largest he has ever used in competition. Woods has been struggling with control off the te
Bauer Nike Hockey Cuts Canadian Workforce in Modernization Effort…
Bauer Nike Hockey Inc. is cutting over 320 jobs at Canadian production facilities, the result of a broad re-organization of the company that will see the closure of a hockey stick factory and a goalie equipment plant in Ontario, and downsizing the labor f
Phoenix Expands Stable in Royal Robbins Acquisition Deal…
Phoenix Footwear has signed an agreement to acquire Royal Robbins. The deal includes $6.5 million due at closing with an additional contingent purchase value of around $5 million based on a two-year earn-out formula. The initial payment will consist of $6
With a Little Help From My Friends…
The on again, off again saga of the Malden Mills bankruptcy appears to be winding down this week, with a new exit date set for the middle of the month. Company chairman Aaron Feuerstein has another window of opportunity to close on a deal that will enable
Wolverine Again Sees Merrell Lead Q3…
Wolverine World Wide said that Merrell continues to be its major growth driver, but company president and CEO Tim O’Donovan said it is also encouraging to see major contributions from the other footwear businesses…
DeFeet Uses Flashy Feet to Grow…
Textile Mills are slowly becoming a thing of the past in the U.S., particularly in the Carolinas, but one North Carolina company may have found the answer – innovate or die…
Rocky Knocks Out Military Deal…
Rocky Shoes & Boots is cashing in on an expanded defense budget with a $6.1 million deal to produce boots for the U.S. Military. The agreement is not cancelable and is accretive to earnings…
