Lululemon Q3 Net Up on 4% Comp Gain; Founder Transfers Shares to Employees
Lululemon athletica inc. said it is approaching the uncertain economy by carefully monitoring its inventory and slowing store expansion. The Canada-based maker and retailer of yoga and fitness-inspired clothing said net revenue increased 34% to $87.0 mill
Gander Mountain Q3 Net Climbs on Cost Cutting
Following on the heels of a record-setting second quarter, Gander Mountain continued to see revenues grow for the third quarter despite a substantial decline in same-store sales. The outdoor retailers reported revenues increased 4% to $269.9 million from
Jarden Won’t Hit Street Estimate
Jarden Corp., the parent of Coleman, K2, Rawlings, Shakespeare and Volkl, expects to report fourth quarter revenue of about $1.3 billion and 2009 revenue of more than $5 billion. The company said it will not provide guidance below the revenue line, but be
Kohl’s Acquires 31 Mervyns Locations
Kohl’s Corporation prevailed in a joint bid with Forever 21, Inc. in an auction of leaseholds held yesterday for Mervyns sites. Together, the retailers acquired 46 locations for approximately $6.25 million. Kohl’s will assume 31 of the locations while For
Keen Begins Outdoors Initiative
Keen Inc., has begun its Kids’ ‘Mighty KEENdom’ initiative, which will seek to engage kids and parents in the outdoors through a variety of programs including charitable giving and education…
Lululemon Q3 Net Up on 4% Comp Gain
Lululemon athletica inc. said that for the thirteen weeks ended Nov. 2, 2008, net revenue increased 34% to $87.0 million from $64.9 million for the third quarter of fiscal 2007. Net revenue from corporate-owned stores was $77.6 million, an increase of 31%
Lululemon Founder To Transfer Shares
Lululemon athletica inc.'s founder and Chairman Dennis J. Wilson has indicated through regulatory filings an intention to transfer or otherwise sell, through his control of LIPO Investments USA, Inc., approximately 330,000 shares of…
Rocky Brands, HAAS Outdoors Enter Licensing Agreement
Rocky Brands, Inc. has entered into a new licensing agreement with HAAS Outdoors Inc. to be the exclusive producer and marketer of Mossy Oak brand hunting and casual footwear in North America. The agreement makes Mossy Oak the eighth brand that Rocky prod
Sorel to Sponsor U.S. Snowboarding Team
Sorel, a cold-weather boot manufacturer and one of Columbia Sportswear Company's portfolio of outdoor brands, announced its official sponsorship of U.S. Snowboarding…
Q3 Comps Up 4.5% for Bakers Footwear
Bakers Footwear Group, Inc., a specialty retailer of fashion footwear for young women, reported net sales for the third quarter ended Nov. 1 were $41.1 million, an increase of 1.9% from $40.3 million for the thirteen-week period ended Nov. 3, 2007…
Survey: A Third of Major Retailers Cut Holiday Ad Spend
One-third (32%) of chief marketing officers (CMOs) at leading U.S. retailers state that their holiday marketing and advertising budgets have been reduced this season, according to a survey conducted in October by the accounting and consulting firm BDO Sei
Rottefella To Sell NTN Bindings Via Boot Makers
Rottefella AS is shifting its North American distribution model to make it easier for retailers to buy an NTN telemark binding/boot system. Starting Jan. 1, 2009, the company will distribute NTN bindings through the three ski boot manufacturers/distribut
Sport and Fitness Top Performing Retail Category Since Cyber Monday
ComScore reported that holiday retail e-commerce through Dec. 5 reached $14.92 billion, essentially the same level compared to the corresponding days last year. For the five days beginning with Dec. 1 (Cyber Monday), the kick-off to the heaviest part of t
Columbia Adds More Footwear Weight
Kirk Richardson, who took the reins at Keen when ownership moved to Portland, OR, has been named general manager of footwear at Columbia Sportswear Company…
prAna Taps Crooke as New Chief Executive
Veteran outdoor executive Michael Crooke was named CEO at prAna Living, LLC last week in a move that should free up co-founder Beaver Theodosakis to focus more on product design and the future…
