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Running Specialty Group acquires Run On!
Denver -- Regional chain The Running Specialty Group announced Wednesday it has acquired five Dallas-based Run On! stores, bring the total number of stores to 24.
RSG is a joint venture between The Finish Line and private-equity firm Gart Capital Partners.
Plans call for RSG to begin expanding in Texas and surrounding areas over the next five years. -
Bebe sees slowed sales in Q1; in hunt for CEO
Brisbane, Calif. -- Fashion retailer Bebe reported Wednesday that total sales for the first quarter fell 9.4% to $105.1 million. Same-store sales dropped 8.7%, missing expectations of a more moderate 6.8% decline.
The 250-store chain has officially launched a search for a new CEO, announcing on Wednesday it has retained Russell Reynolds Associates to lead the effort. Former CEO Gregory Scott resigned the post in January 2009, and founder Manny Mashouf has been serving in an interim capacity since that time.