Steve & Barry’s, the miracle retailer that sold everything new at bargain basement prices, is contemplating filing for bankruptcy. And while making that move would not necessarily mean the end to the business, which grew to more than 250 stores and might now have to shut some of them, it does mean that anyone who hasn’t gotten paid isn’t too happy right now.    Read More

The “Back to the Future” movie franchise, which produced three movies from 1985 to 1990, generated an impressive $935 million in gross box office receipts. Nike will be releasing their new Hyperdunk in a teal version to make it look like the “Air McFlys.” Shoe collector shop Undefeated in Santa Monica will get first dibs as they’ll sell less than 100 pairs today.   Read More

Sony's CEO Howard Stringer has unveiled the company's three year plan and one key to its growth strategy is a new video service called the PlayStation Network. Stringer said at a news conference: "Our mission is simply to be the leading global provider of networked consumer electronics and entertainment."    Read More

Good news for American Apparel: the company was able to reach an agreement on a new mended credit agreement with its lead bank. It is a positive in this tight lending environment to see a company lock in a credit line or letter of credit.   Read More

On Monday, I wrote about how the shoe money has dried up for this year's crop of NBA Draft picks. So much so, I'm hearing, that we might not see a single player ink a deal worth more than $2 million annually.    Read More

The markets have worked themselves into a frenzy of navel contemplation about today's Fed meeting, and the "consensus" seems to be investors are collectively worried about Ben Bernanke & Co. sounding too hawkish.   Read More

Just look at Cabela's,spacer whose stock is hovering around an all-time low, down almost 50 percent from a year ago. Years ago, we applauded these guys for being absolutely awesome in the niche of hunting, fishing and outdoors.   Read More

Newspapers are breaking records -- and it's not a good thing. A double-digit drop in newspaper ad revenue, the third consecutive year of declines, and record margin contraction makes this the industry's worst year ever. The newspaper industry's ad revenue is down 12 percent this year, on top of last year's already dismal 8 percent drop.   Read More

It's the Monday before the NBA Draft and not one top draft pick has signed with a shoe company. It’s partly due to the fact that there’s just not one standout slam-dunk, marketable player in Derrick Rose, Michael Beasley or O.J. Mayo. But it’s also due to several other factors that can’t be ignored...    Read More

LiveNation, the world's largest concert promoter is facing a serious shakeup. The company is "negotiating the exit" of Michael Cohl, the company's chairman, according to the Wall Street Journal.   Read More