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L.L.Bean Says Changing Shopping Habits Enable Closing of Leased Call Center in 2016
L.L. Bean said a rapid change in the ratio of telephone to online orders will allow it to close a call center it leased in 2005...(8/30/2014)
BRG Sports Invests in Strategic Bell and Giro Vendor, Divests Last Easton Business
BRG Sports Inc. continues to pedal furiously in its race to become more focused and streamlined. On Monday, it announced it had acquired a stake in a Swedish start-up company that is providing patented anti-concussion technology to a growing array of bike helmet brands. Two days later it sold its Easton hockey business in the last of three Easton divestitures completed this year...(8/28/2014)
Cabela's Unveils Co-branded Icebreaker Collection for Fall
Cabela's confirmed it will launch a co-branded line of merino wool apparel this fall with Icebreaker. In an exclusive interview published by The B.O.S.S. Report report June 11, Icebreaker Founder Jeremy Moon disclosed the venture as part of the New Zealand apparel company's plans to accelerate global growth...(8/23/2014)
Global Brands Group 1H Losses Widen As Spending on Spyder, Quiksilver and other New Brands Rises
Global Brands Group Holding Limited reported a core operating loss grew more than 2.5 fold to $63 million in the six months ended June 30, as increased spending on new brands such as Cole Haan, Quiksilver, Spyder, Juicy Couture and Aquatalia drove up operating costs by 11.8 percent. The company, which Li & Fung spun off to shareholders in July, said the investments will pave the way for greater growth in 2016...(8/23/2014)
German Apparel Company Willy Bogner GmbH Hires Goldman Sachs to Scout Buyers
Willy Bogner GmbH, a family owned fashion and sports apparel company based in Munich, Germany, has hired Goldman Sachs to seek a buyer, according to Reuters...(8/23/2014)
Toms Looks to Boost Growth with Bain Capital Sale
Toms, best known for its one-for-one model that donates a pair of shoes to a needy child for every pair it sells, agreed to sell half of itself to private-equity giant Bain Capital LLC to fund an expansion of its operations in the U.S. and overseas...(8/22/2014)
Vestis Retail Group Completes Sport Chalet Acquisition
Vestis Retail Group, owned by funds advised by Versa Capital Management and the owner of Bob's Stores and Eastern Mountain Sports (EMS), completed the acquisition of Sport Chalet, the full-service specialty sporting goods retailer with 50 stores in the Western United States...
Dick’s Sporting Goods Shakes Off Golf Declines to Beat Q2 Estimates...
With few signs of the golf category turning around, Dick’s Sporting Goods said Tuesday it expects to cut back the category to about 10 percent of its business over the next three to four years from 15 percent currently and 20 percent a few years ago. Ed Stack, chairman and CEO, on the retailer’s second-quarter conference call, "Golf, from a participation standpoint and how it translates to retail, is in a structural decline, and we don't see that changing,"...