Vail Gets Approval for Major Keystone Expansion
Adam Aron, chairman and chief executive officer of Vail Resorts, announced Tuesday that effective immediately the U.S. Forest Service has approved the addition of an impressive 861 acres of ski terrain to the Keystone Ski Resort. The new terrain, known as
Kellwood Completes Phat Fashions Acquisition
Kellwood Company has completed the purchase of Phat Fashions, its licensing organization and its trademarks, Phat Farm, Baby Phat, and Phat. Phat Fashions will operate as a subsidiary of Kellwood. Russell Simmons will remain at the helm of Phat Fashions
Gildan Activewear Announces Succession Plan
Gildan Activewear Inc. announced that H. Greg Chamandy would assume the newly- created role of Chairman of the Executive Committee of Gildan Activewear in addition to his continuing responsibilities as Chairman of the Board of Directors, while Glenn J. Ch
Federated January Comps Increase 5.5%; Ups Guidance
Federated Department Stores, Inc. reported total sales of $814 million for the four weeks ended January 31, 2004, an increase in total sales of 5.1% compared to total sales of $775 million in the same period last year. On a same-store basis, Federated
Sport Chalet Fiscal Q3 Net Income Up 18% on 2.9% Comp Gain
Sport Chalet, Inc. reported that sales for the fiscal third quarter ended December 31, 2003 increased 10.3% to $79.7 million from $72.3 million in the year-ago period. Same-store sales increase of 2.9%. GM improved 130 basis points to 32.6%. Increased
Brown Shoe Company Closes on Bass Deal
Brown Shoe Company, Inc. and Phillips-Van Heusen Corporation announced that they have closed the previously announced transaction for PVH to license to Brown Shoe the design, sourcing and marketing of footwear at wholesale under PVH's well-known Bass
LaCrosse Footwear Receives Settlement in Vendor Dispute
LaCrosse Footwear, Inc. has received a one-time, nonrecurring cash payment of $900,000 in settlement of a dispute with a former vendor. This will be reported as an expense reduction in the first quarter of 2004…
Everlast Inks Russian Licensing Deal
Everlast Worldwide Inc. has signed a new licensing agreement with Sparta Ltd., a sporting goods supplier based in St. Petersburg, Russia. Sparta will serve as the Everlast licensee of retail boxing equipment as well as products used for exercising, aerobi
REI Names prAna Vendor of the Year
Recreational Equipment, Inc. has announced its 2003 Vendor Partnership Awards, including the selection of prAna as REI’s Vendor Partner of the Year. Based in Vista, CA, prAna is entering its 12th year of business. The company has worked to establish itse
Airwalk Taps Royer as New European Licensee
Collective Licensing International, LLC, owner of the Airwalk® brand, recently announced that the company has entered into a pan-european licensing agreement with France-based Royer SA to license the Airwalk® brand. Royer SA will distribute and market Air
Mountainsmith Names Michael Glavin VP of Marketing
Michael Glavin has been named Vice President of Marketing for Mountainsmith. In his new position, Michael will be responsible for development and implementation of the company’s product lines, for new business growth, and for management of the Mountainsm
Russell Corp. to Reincorporate in Delaware
The Russell Corporation board of directors has approved a proposal to change the Company's state of legal incorporation from Alabama to Delaware. The reincorporation proposal will be submitted for consideration at Russell's annual meeting of sha
Footstar Gets Extension from Lenders to File Financials
Footstar, Inc. today reported that it has received a waiver and extension until February 11, 2004 of the requirement to provide financial statements to the syndicate of banks, led by Fleet National Bank, that provides the Company's $345 million senio
PUMA Doubles 2003 Net Income on 40% Sales Increase
PUMA AG Rudolf Dassler Sport reported preliminary results for FY 2003 indicating that consolidated sales increased 40.0% to €1.27 bn ($1.44 bn) from €910 million ($861 mm), or up 48% in currency-neutral terms. Consolidated net
earnings rose from €85 milli
Gildan Calls for Independent Audit of Honduran Operation
Gildan Activewear Inc. has requested the Fair Labor Association, in which Gildan is a Participating Company, to conduct an independent audit at one of its Honduran sewing facilities. The audit is related to a complaint filed with the FLA, alleging that Gi
