NPD Expands Management Team
Tim Bowles has become a consultant to The NPD Group, joining the senior management team of this leading market information company. In addition to serving on the firm's Executive Committee, he will spearhead several key strategic projects for the fir
Stride Rite Makes Board Appointment
The Stride Rite Corporation announced that James F. Orr III has been elected to its Board of Directors. Mr. Orr has served as Chairman of the Rockefeller Foundation since December 2000. From May 2000 to December 2001, he was President and Chief Executive
Skate Board Group Makes Cross-Country Trek for a Cause
On August 2nd, skate industry veteran Jack Smith and three friends will begin a 3,000 mile journey pushing their skateboards across the United States. The trek that will take them from Oregon to Virginia in the middle of the summer heat is expected to ta
Gotcha Emerges from Bankruptcy
Gotcha International LP announced Tuesday that it is emerging from bankruptcy. The company, which filed for Chapter 11 reorganization in August, will pay its creditors fully with 6-8 percent interest. Gotcha owes about $8.0 million, which should be pai
Wolverine Q2 EPS Up 9.5% on 8.7% Revenue Rise
Wolverine World Wide, Inc. reported that second quarter revenue rose 8.7% to $184.0 million compared to $169.3 million reported for the second quarter of 2002. Earnings per share improved to $0.23 per share compared to $0.21 per share reported for the sa
Nike Acquires Converse in $305 Million Deal
NIKE, Inc. has entered into a definitive agreement to acquire Converse, Inc. The total price to be paid for 100 percent of the equity shares is approximately $305 million plus the assumption of certain working capital liabilities at the time of the transa
American Capital Supporting Fenway’s Riddell Acquisition
American Capital Strategies Ltd. announced that it has invested $23 million in Riddell Sports Group Inc. American Capital's investment takes the form of senior subordinated debt and equity and supports the acquisition of Riddell by Fenway Partners In
Nordica Opens New Hampshire Headquarters
Nordica USA has opened the doors at its new corporate headquarters in West Lebanon, NH. The inauguation day event marked the storied brand’s return to New England after a six-year absence. On hand to celebrate the June 2nd opening were Mr. Giancarlo Zan
Saks Appoints Yiatchos SVP Marketing for Parisian
Saks Incorporated announced that Gary Yiatchos has been named Senior Vice President of Marketing for Parisian. Yiatchos replaces Bob Ferguson, who recently retired, and reports to George Jones, President and CEO of Saks Department Store Group…
VF Corp. Acquires Nautica in $585 Million Deal
VF Corporation has signed a definitive merger agreement to acquire Nautica Enterprises, Inc. VF will pay Nautica shareholders $17.00 per share in cash. VF will also pay approximately $14.6 million, net of tax, to cash out employee stock options, for a
Davis Named President of Enyce
Sport Brands International (SBI), the new parent company of Fila, Ciesse Piumini and Enyce, has named Evan Davis President of Enyce. Mr. Davis, 39, originally joined Enyce after serving as national sales manager and chief merchandiser for Mecca USA…
West Marine June Comps Down 2.0%
West Marine reported that net sales for the five weeks ended June 28, 2003 were $98.4 million, a 25.0% increase from net sales of $78.7 million for the same period a year ago. Comparable store net sales for the five weeks ended June 28, 2003 decreased 2.0
Shoe Pavilion Reports Q2 Same Store Sales off 7.6%
Shoe Pavilion announced net sales were $21.2 million for the second quarter ended June 28, 2003, compared to net sales of $22.7 million for the same period in 2002, a 6.9% decrease. Net sales from the Company's retail stores and Gordmans licensed sho
Shoe Carnival Appoints New Board Member
Shoe Carnival announced the appointment of Kent A. Kleeberger to its Board of Directors. He will also serve as a member of the Audit Committee…
Sears Elects Bax To Board
The board of directors of Sears, Roebuck and Co. today announced the election of William L. Bax, 59, former managing partner of PricewaterhouseCooper's Chicago-area practice, to membership on Sears' board of directors. His election increases th
