Author: Charlie Lunan

Johnson Outdoors Reports Record Q2 Sales and Earnings

May 6, 2011 SGB Update

Johnson Outdoors Inc., which makes Old Town canoes, Minn Kota trolling motors and Eureka! tents, reported record sales and earnings in the second quarter ended April 1. Total net sales grew 14.1 percent to $128.9 million compared to net sales of $112.9 mi

Bon-Ton Stores Says April Brought Heavy Mark Downs

May 5, 2011 SGB Update

The Bon-Ton Stores, Inc. said it was disappointed with its April results, which included comparable store sales growth of 5.1% and an increase in sales of 4.6%. The company's chairman indicated BONT had to mark down more goods than normal to move mer

Sea to Summit Promotes Simpson to Sales Manager

May 5, 2011 SGB Update

Sea to Summit has promoted Josh Simpson to sales manager. Not only will Simpson oversee Sea to Summit’s independent sales force and in-house sales team, he will also provide direction in product development and overall company growth.

Target Says 13.1 Percent April Comps Disappoint

May 5, 2011 SGB Update

Target Corporation reported that its net retail sales reached $4.87 billion in April, an increase of 13.7 percent from the same period a year ago. Comparable-store sales came it at 13.1 percent, but still disappointed executives, who say spending by the d

Stein Mart Comps Rise 4.2 Despite Adverse April Weather

May 5, 2011 SGB Update

Stein Mart, Inc. reported comparable store sales for the four-week period ended April 30, 2011 increased 4.2 percent. The retailer said that while pleased with the positive comps, adverse weather in the midwestern and northern states curbed sales of ladie

Macy’s April Comps of 10.8 Percent Exceed Plan

May 5, 2011 SGB Update

Macy's Inc. said its comp store sales growth in April of 10.8 percent exceeded expectations as did comp growth of 5.3 percent for the combined March-April period. The report contrasted with disappointing results at discount retailers who said relucta

Nordstrom’s Comps Rise 7.6 Percent in April

May 5, 2011 SGB Update

Nordstrom, Inc. reported a 7.6 percent increase in same-store sales for the four-week period ended April 30, 2011 compared with the four-week period ended May 1, 2010. Preliminary total retail sales of $726 million for April 2011 increased 14.2 percent co

Interbike Names Pat Hus to New Managing Director Role

May 5, 2011 SGB Update

Interbike, the largest cycling trade show and outdoor demo event in North America, has named Pat Hus as the show's managing director effective June 1. In this newly created leadership role, Hus will work closely with Show Director Andy Tompkins, and

Easton-Bell’s Action Sports Unit Drives Q1 Sales

May 5, 2011 SGB Update

Easton-Bell Sports, Inc. reported net sales rose 4.8 percent to $203.4 million in the first quarter ended April 2 on the strength of 16 percent growth in its Action Sports brands, which include the cycling brands Easton, Bell, Giro and Blackburn. Team Sal

Globalstar Sales Up 17.3 Percent in Q1, Losses Plummet

May 5, 2011 SGB Update

Globalstar, whose satelitte-based messaging systems and modems are popular with outdoor explorers, reported losses dropped sharply in the quarter ended March 31 on a 17.3 percent increase in revenue to $18.3 million. The company lost $2.5 million on an Ad

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