Mon Nov 30 08:17:00 -0500 2009

Footwear News (New York)

- As weaker companies scramble to keep goods flowing and the bankers at bay, the powerhouses that managed to sock away money during the credit crunch might start putting their extra millions to work. Options include new lines of business, IT makeovers, store refurbishments and even acquisitions.

“When the environment does pick up and becomes better, you may see more strategic acquisitions,” said Tom Chin, managing director of consulting and analytics at Telsey Advisory Group. “They may not be big, multibillion-dollar transactions. Generally speaking, it’s tough to raise the debt financing that you would need to make a larger, game-changing acquisition.”

To view the full article, download the PDF here: Footwear News, November 30, 2009