TJX to Buy Bob’s Stores Out of Bankruptcy
The TJX Companies, Inc. announced that it signed an agreement to purchase substantially all of the assets of Bob's Stores. Bob's Stores and its subsidiaries have filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code. TJX expect
The Industry Says Goodbye to The Grandmother of The Conservation Movement
Margaret Murie, known to many as the “Grandmother of the Conservation Movement,” passed away yesterday at her home in Moose, Wyoming, at the age of 101. A passionate advocate for wild places and a prolific writer, “Mardy” played a critical role in protec
Christy Sports Celebrates 45 Years
In 1958, ski boots were still made exclusively of leather. Most skis were still made of wood, and instructors debated whether Howard Heads aluminum “cheaters” had a future. Bindings didnt work very well, and the most talked-about item in ski shops across
Huffy Corp. Elects D’Aloia to Board of Directors
Paul R. D'Aloia has been elected to the Board of Directors of Huffy Corporation. D'Aloia, who was elected President and Chief Operating Officer in August 2003, joined Huffy Corporation in 1997 as President and General Manager of the Huffy Sports
Patagonia Picks New Executive VP of Marketing and Environmental Initiatives
Patagonia has selected Rick Ridgeway as the company’s new Executive Vice-President responsible for Marketing and Environmental initiatives. Ridgeway will continue the company’s worldwide communication efforts of the Patagonia brand, not only regarding pro
NRF: Average Consumer Spending Up 3.6% for Holiday
The consumer spirit is alive and well this holiday season, according to the findings of a new National Retail Federation survey. The NRF 2003 Holiday Consumer Intentions and Actions Survey, conducted by BIGresearch for NRF, found that the average consume
Tango to Manufacture U.S. Olympic Apparel
Tango Inc. has entered into an agreement with Global Manufacturing Group to produce and print garments for the US Olympic Association, up to and including the 100th Anniversary Olympiad in Athens, Greece. Global has been chosen as the exclusive manufactu
Phil Knight Creates Charitable Trust
NIKE, Inc. confirmed Monday that Philip H. Knight, chairman, president and chief executive officer, has contributed 7,000,000 shares of Nike Class B Common Stock to a charitable remainder trust, of which he is a trustee. Knight converted 7 million shares
Top-Flite Union Ratifies New Deal, Callaway Starts to Move Ball Ops…
Callaway Golf Company reported late Friday that its new Top-Flite Golf Company subsidiary has inked a fresh five-year collective bargaining agreement with the Boilermaker's Union Local 1851. The union represents the production and maintenance employ
Acushnet Gains Share in Tough Market…
Fortune Brands’ Acushnet Golf division surprised the parent company and analysts alike last week, reporting a 16% increase in sales to a record $275 million for the third quarter. Operating income increased 32% to $33 million, up 39% before charges…
Cannondale Gets Leaner and Meaner…
Cannondale completed an audit of its manufacturing processes and has decided to lay off 52 of their Bedford, PA employees. This move is intended to make the company more competitive in the U.S. cycling market, where most other manufacturers use less expen
Malden Mills Finally Exits Bankruptcy…
Malden Mills emerged from Chapter 11 bankruptcy protection on Friday and expects to finish the legal proceedings early in the week. A federal bankruptcy judge handed down the decision after months of delays stemming from legal maneuvering by creditors…
Dunlop, Umbro Sales Raise Red Flags…
According to The Times of London , private equity ownership of manufacturers is on the rise in he U.K.. Private investment firms now own £83 billion, or $139.4 billion at current exchange rates, worth of U.K. companies which they will reportedly be tryin
Commerce Dept. Retail Numbers for September Clouded by Slow Auto Sales…
Though at first glance retail sales may appear sluggish due to a slow automotive market, traditional retailers saw better-than-expected sales in September. According to the National Retail Federation (NRF), September retail sales in the GAFS category, whi
Nike Irks the NFL Player’s Association…
It appears that Russell Simmons isn’t the only one mad at Nike these days. Now they have NFLPA president Gene Upshaw riled as well…
