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Smith Optics Leaving Idaho Birthplace in Search of Growth
After 18 years of letting Smith Optics operate autonomously, Safilo Group of Italy announced Tuesday plans to disperse its headquarters staff of 85 to Portland, OR., Salt Lake City and Parsippany, NJ in a quest to double the fast-growing brand's sales over the next five years...(10/21/2014)
Timberland Paces VF’s Robust Q3
Led by accelerating momentum seen at Timberland, VF Corp. reported third-quarter earnings rose 8.5 percent in the third quarter, to $470.5 million, or $1.08 a share. Revenues grew 6.7 percent, to $3.49 billion. Results came in just short of Wall Street's consensus estimates of $1.09 a share on revenue of $3.57 billion but the company still slightly lifted its EPS guidance for the year...
Bankrupt GoLite Seeks DIP Financing to Avoid Liquidation Sale
GoLite, which filed for Chapter 11 bankruptcy last week, filed an emergency motion for debtor in possession (DIP) financing Monday it said was critical to avoiding an outright liquidation of the company t..(10/20/2014)
Evo Poised to Open Portland Store
Seattle-based Evo, considered one of the most influential retail brands in actions sports, was on the brink last week of opening its highly anticipated store in Portland, OR...
Gibbon USA Inc. Opens in Miami
Eleven weeks after being dropped by its U.S. distributor on the eve of Outdoor Retailer Summer Market, Gibbon Slacklines has established a U.S. subsidiary in Miami, FL that will open for business Monday, The B.O.S.S. Report has learned...(10/18/2014)
Compass Diversified Adds SternoCandleLamp to Portfolio
Compass Diversified Holdings acquired Candle Lamp Company, LLC. Oct. 10 for eight times trailing 12 months EBITA in its first acquisition of a consumer brand since divesting control of Fox Holding Corp. earlier this year...(10/18/2014)
Walmart Supplier Fires Up Bike Assembly Plant in South Carolina
Executives with Kent International Inc. said an assembly plant they opened in South Carolina Oct. 13 could be sourcing 70 percent of its components domestically by 2018...(10/18/2014)
Google Express Targets Chicago, New York and D.C. Merchants In Major Expansion
Google began fulfilling same-day/next day orders for retailers in Chicago, New York and Washington DC last week in a major expansion of its membership-based Google Express shopping service. The expansion, which comes after an 18-month pilot program in Northern California, gives merchants an option to Amazon and eBay, which are also offering same-day/next-day services to merchants...(10/17/2014)