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Retailers breathed a collective sigh of relief this weekend as Americans hit the malls in a big way in search of bargains. The National Retail Federation's 2008 Black Friday Weekend survey released Sunday afternoon projected that more than 172 million shoppers will have visited stores and websites from Thursday through Sunday, up from 147 million shoppers last year...(12/1/2008)
* * * Ride Snowboards tapped Bill Markham, formerly Ride’s Rocky Mountain rep, to handle sales in SoCal starting December 17 and Jim Linnberg to canvas the northern reaches of the state...(12/1/2008)
* * * ComScore is forecasting holiday online retail spending for the November – December period will be flat versus a year ago, significantly lower than last year’s growth rate of 19% and below the retail e-commerce growth rate of 9% that has been observed for 2008 year-to-date...(11/26/2008)
* * * Intrawest appointed Frank DeBerry to the position of President and COO at Mountain Creek in New Jersey. In this role, DeBerry will be responsible for all aspects of Mountain Creek's resort operations and he...(11/26/2008)
* * * The Recreational Boating & Fishing Foundation’s (RBFF) new Take Me Fishing campaign message is resonating with boaters and anglers like never before, according to an annual tracking study. The study reveals more than half of target anglers identified as occasional or lapsed participants, are more likely to go fishing in the next year as a result of...(11/26/2008)
* * * Genesco Inc. had earnings from continuing operations of $9.5 million, or 43 cents per diluted share, for the third quarter ended Nov. 1, up from $5.6 million, or 23 cents, a year ago. Sales increased 5% to $390 million from $372 million while comps grew 2%. Results were in line with a forecast calling for lower guidance provided last week...(11/25/2008)
* * * McDavid and Stirling Mouldings Limited has filed a patent infringement lawsuit against Nike. The lawsuit concerns foam padded shorts sold by Nike under the name, deflex...(11/25/2008)
* * * 3M has entered into a definitive agreement to acquire the Futuro health supports and compression hosiery product line from Beiersdorf. Terms of the transaction were not disclosed...(11/25/2008)
* * * The new Coinstar National Currency Poll on economic trends reveals that nearly a quarter of Americans report using cash more often to pay for purchases than they did just one year ago. Reasons cited include helping to manage budgets and control credit card debt. In addition, more than 60 percent of Americans polled said they will be changing their financial plans for 2009 due to difficult economic times...(11/25/2008)
* * * Brown Shoe Company, Inc. reported sales slid 2.2% to $631.7 million from $645.5 million a year ago. Earnings decreased 61.5% to $10.4 million, or 25 cents per diluted share, from $27.0 million, or 61 cents, in the year-ago quarter. Excluding non-recurring charges, profits slumped 26.9%. The retailer also forecast a loss ranging from 29 cents to 39 cents for the fourth quarter, which includes costs of 6 cents per share related to its headquarters consolidation and its information technology initiatives..(11/25/2008)
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