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Spy parent reduces salaries, workweek; dispute with No Fear heats up
The parent company of the Spy sunglass brand is in the midst of a 13-week plan to temporarily reduce employee expenses, according to its annual report filed this week with…
News May 13, 2013
Vans reports decent Q1, Reef struggling
VF Corp., the parent company of Vans, Reef and myriad other brands, said today that Vans revenue rose 3 percent in the quarter ended March 31. Vans global revenue was…
News May 13, 2013
Zumiez beats its expectations with comps that fell double-digits in April and Q1
Action sports retailer Zumiez today reported double-digit declines in its comps, but called those results better than expected and said its loss per share will be significantly less than it…
News May 13, 2013American Apparel forges ahead with new stores despite cannibalization
American Apparel's rapid retail expansion is cannibalizing sales at older stores but the company has no plans to slow its expansion. During an earnings conference call Monday, the company said…
News May 13, 2013
Blitz brings Momentum Wheel Co. under its distribution umbrella
Blitz owner Per Welinder sent me this release on Friday announcing Momentum Wheel Co. has joined the Blitz family. For a more detailed update on Blitz, click here. Here is…
News May 13, 2013
West 49 posts solid topline results in Q1
West 49, a key Canadian action sports retailer, reported a 7.7 percent increase in same-store sales in its name sake West 49 stores in the first quarter ended May 2.…
News May 13, 2013
Fuel TV's CJ Olivares on live HD broadcasts online, the rise of podcasts and reaching 30 million homes
I had an interesting talk with Fuel TV General Manager CJ Olivares last week at the network's Los Angeles offices. CJ caught me up on what's new with the action…
News May 13, 2013
West 49 renews credit agreements
Press release: West 49 Inc. Renews Credit Facilities
News May 13, 2013CIT receives last-minute loan to avoid bankruptcy
CIT has received a $3 billion emergency loan from bond holders to help the troubled bank avoid bankruptcy, according to the New York Times. CIT is heavily involved in the…
News May 13, 2013
