PICS / Promo Expo Roadshow Series is Underway
February 2014 - The 2014 Promotional Idea & Concept Show and Promo Expo Spring Roadshows kicked off in Ontario last week with stops in London, Kitchener and Burlington.
This series will continue over the next three months with the following city stops:
- March 4 – MISSISSAUGA (Capitol Banquet Hall)
- March 5 – CONCORD (Bellvue Manor)
- March 6 – MARKHAM (Markham Conference Centre)
- April 2 – OTTAWA (Centurion Conference Centre)
- April 3 – PETERBOROUGH (Holiday Inn Peterborough)
- May 21 – SUDBURY (Holiday Inn Sudbury)
- May 22 – NORTH BAY (Davedi Club)
- May 23 – BARRIE (Barrie Country Club)
For more information, please contact Modern Flare Sales, (905) 760-9333.
Bauer Performance Sports to Acquire Easton Baseball/Softball for US $330 Million
RETAIL NEWS: February 2014 - Bauer Performance Sports Ltd. (TSX:BAU), has entered into a definitive asset purchase agreement with Easton-Bell Sports to acquire the Easton Baseball/Softball business for US $330 million in an all-cash transaction, subject to a working capital adjustment. The purchase agreement was unanimously approved by both companies’ boards of directors and is expected to close in approximately 30-60 days, subject to regulatory approvals and other customary closing conditions. (more…)
Jos. A. Bank to Acquire Eddie Bauer for $827 Million
RETAIL NEWS - February 2014 - Jos. A. Bank Clothiers, Inc. announced plans to acquire Everest Holdings, parent company of lifestyle apparel brand Eddie Bauer, in a deal with Golden Gate Capital.
The purchase price for Eddie Bauer consists of a combination of $564 million in cash and approximately 4.7 million new shares of common stock of Jos. A. Bank, issued to Everest Topco at $56 per share, a premium to the pre-announcement share price. The final share count is subject to adjustment based on the number of shares tendered in the issuer tender offer. (more…)
Gildan Activewear First Quarter Results at Top End of Prior Guidance Range
February 2014 - Gildan Activewear Inc. (TSX:GIL)(NYSE:GIL) announced its results for its first fiscal quarter ended December 29, 2013. Adjusted net earnings of $0.35 per share (all figure U.S.) were a record for the first quarter of a fiscal year, which is seasonally the lowest sales quarter for T-shirts in the fiscal year, and at the top end of the guidance range which the Company had provided on November 21, 2013. The Company also reconfirmed its prior guidance for the full 2014 fiscal year for EPS, sales revenues, capital expenditures and free cash flows. In addition, the Company provided sales and EPS guidance for its second fiscal quarter.