October Comps Decline Amid Tough Retail Environment
As the credit crisis continues to deepen and consumer confidence continues to wane, retail sales are feeling the pain. In October, only six of the retailers tracked in our monthly index posted comparable store sales growth over the year-ago period. All si
Weakness Prompts Pacific Sunwear and Zumiez to Cut Earnings Outlooks
Pacific Sunwear of California, Inc. reported that total PacSun sales for the fiscal October declined 9.6% to $69.3 million from $76.7 million a year ago. PacSun same-store sales decreased 11% during the same period. The retailer now expects to post a smal
Columbia Sportswear to Cut U.S. Staff by 4%
Columbia Sportswear Company announced a reduction in force that will affect approximately 75, or 4%, of its 1,800 U.S. employees…
Deal Signed for Boscov’s Purchase
Boscov’s Department Store LLC signed an asset purchase agreement for the sale of substantially all of its assets to a family group, reported DNR. The family group involved in the purchase is led by former Boscov chairman Albert Boscov and former president
Converse Makes Exclusive Line for JC Penney
Converse has agreed to create a signature performance basketball footwear line available exclusively at JCPenney featuring professional basketball star Elton Brand. The EB1 retails for $65 and began reaching stores on Nov. 1. The shoe will roll out in add
Weakening Direct Sales Hinders Golfsmith in Q3
Due to a significant drop-off in direct sales and stiffening competition in the golf retail industry, Golfsmith International Holdings, Inc. struggled to generate sales growth for the third quarter…
Fair Traders Pick Up 31 Seats in Congress
So-called “Fair Traders” have picked up a net increase of 31 seats in Congress, according to a report by Public Citizen's Global Trade. The report finds that Republicans have increasingly adopted fair trade platforms to fend off Democratic contenders
TaylorMade-adidas Golf Sees Putters Drive Strong Q3
Currency-neutral sales for the TaylorMade-adidas Golf business grew 12% to €197 million ($297 mm) in the third quarter from €190 million ($261 mm) in Q3 last year. When measured in euros, sales grew 3.7% for the third quarter. Management noted that the co
Deckers Discusses Broadening Product Line, Retail Plans and Tougher Patent Enforcement at Annual Investors’ Day
Deckers Corp. laid out three main opportunities for growth of its juggernaut Ugg brand at its annual investors’ day last week and provided updates on its plans for Simple, Teva and Tsubo. The company expects to open up to 30 shops in the United States, A
Dorel’s Pacific Cycle Unit Thrives in Q3 As Cannondale Misses 2009 Shipments
Dorel Industries Inc. reported sales of its Pacific Cycle division to mass merchants were stronger than expected in the third quarter, but said it had to delay orders for new Cannondale models due to supply constraints. Q3 orders for Cannondale’s 2008 mod
Big 5 Third Quarter Comps Decline, Cautiously Prepares for ’09
For the fiscal 2008 third quarter ended Sept. 28, net sales for Big 5 Sporting Goods Corporation declined 3.5% to $223.2 million while comps declined 6.6%, primarily due to a decrease in customer traffic. The declining results and tighter credit markets c
Zumiez October Comps Drop 13.1%, Net Sales Rise 1.2%
Zumiez Inc. had comparable store sales decrease 13.1% for the four-week period ended Nov. 1, 2008 and total net sales increase 1.2% to $25.0 million. The significant drop in comps caused the company to re-think its fourth quarter expectations…
Broder Bros. Shrinks Q3 Loss
Broder Bros., Co. reported third quarter 2008 net sales inched up 2.4% to $252.3 million from $246.4 million a year ago. Income from operations was $7.8 million compared to a loss from operations of $3.1 million for the third quarter 2007. The Q308 net lo
PacSun’s October Comps Drop 10%, Sees Q3 Loss
Pacific Sunwear of California, Inc. reported that total PacSun sales for the four weeks ended November 1, were $69.3 million, a decrease of 10% from sales of $76.7 million a year ago. Same-store sales decreased 11% during the same period. The retailer now
Filson to Open Portland Store Nov. 15
Filson will open its third U.S. retail location on Saturday, Nov. 15 in Portland, Oregon's vibrant Pearl District. The 2,400 square-foot space in the historic Confectionery Building joins Filson’s first store in Seattle, where the company was founded
