City Sports Co-Founder Dies
Eric Martin, co-founder and president of City Sports Inc., passed away Tuesday from a long illness at the age of 50, according to a statement from City Sports officials. Martin co-founded the City Sports chain of sporting goods stores at the age of 26 alo
Under Armour Signs Ray Lewis as Endorser
Under Armour has signed Baltimore Ravens All-Pro middle linebacker Ray Lewis to a multiyear endorsement contract, according to the Baltimore Business Journal. Terms were not disclosed…
Quiksilver Inc. Sees Progress in Fiscal Third Quarter; Sees Loss on Charges…
While Quiksilver’s bottom line slipped into the red during the company’s fiscal third quarter ended July 31, it was actually able to make some considerable headway on the profitability of its equipment businesses – primarily Rossignol and Cleveland Golf.
Forzani Group Sees Another Strong Quarter…
Forzani’s second quarter was boosted by strong sales of footwear and hardgoods and improved gross margins spurred by more efficient inventory management. Wet weather and flooding in Western Canada slowed down sales for the month of June, but July bounced
New Sport Supply Group Looks Ahead after Year of Integration…
Sport Supply Group, the entity formed after Collegiate Pacific, Inc. acquired the former Sport Supply Group in November 2006, ended its first fiscal year as a combined business with bottom line gains that more than doubled compared to the previous fiscal
Kellwood Sees Second Quarter Loss Expand; American Rec. Sees Strong Growth in Q2
Kellwood Company Q2 net sales increased 1.3% to $465.4 million compared to $459.6 million in the second quarter last year. The company’s net loss was $65.8 million, or $2.54 per diluted share, versus net earnings of $7.2 million, or 28 cents per diluted s
Thule Acquires Truck Accessory Manufacturer
Thule acquired United Welding Services (UWS) based in Perry, Florida. The company with annual sales of approx $40 million produces toolboxes and side steps. These are product categories supporting Thule's growth in load carrying solutions for profess
Saks Sees August Comps Jump 18.2%
Retailer Saks Incorporated saw owned sales total $213.5 million for the month of August compared to $178.2 million for the same period last year, a 19.9% increase. Comparable store sales increased 18.2% for the four-week period…
Gottschalks August Comps Down 7.8%
Gottschalks Inc. saw August comparable store sales decrease 7.8% from the prior year. Total sales for the month decreased 9.6% to $42.9 million from $47.4 million in August 2006. On a year-to-date basis, same store sales decreased 3.1% from the same perio
Wal-Mart August Comps Increase 2.8%
Wal-Mart Stores, Inc. net sales for the month of August increased 7.8% to $18.157 billion compared to $16.836 billion last year. Comp store sales for the month were up 2.8%…
Tilly’s CEO to Head The Wet Seal
Edmond Thomas, currently president and co-CEO of action sports chain Tilly’s Inc, will become the new president and CEO of The Wet Sea, a juniors apparel chain. Thomas had been president and COO of The Wet Seal from 1992 to 2000 before helping expand Till
Wal-Mart Picks Up OP License…
Iconix Brand Group, Inc. signed an exclusive direct-to-retail license agreement with Wal-Mart for its Ocean Pacific and OP brands for distribution of a broad range of apparel and accessories in the United States…
RECALL: Scuba Swivels…
The CPSC and M&J Engineering are recalling approximately 1,500 AGA Swivels for Scuba Diving Masks. The swivel, which is attached to a diving mask, could separate while diving. This will result in a sudden loss of the diver's air supply, causing the d
Forzani Nearly Triples Q2 Earnings on Positive Comps
The Forzani Group Ltd. net earnings for the second quarter were $5.4 million, or 16 cents per share, compared to the prior year's $1.9 million, or six cents per share. Retail system sales for the quarter were $351.3 million, an increase of 4.0% from
DSW Q2 Earnings Fall on Promotional Activity
DSW Inc. Q2 net income was $6.5 million on net sales of $348.7 million for the second quarter ended August 4, 2007, compared with net income of $15.3 million on net sales of $301.3 million for the second quarter ended July 29, 2006. Same store sales incre
