Nikwax N.A. President Chas Fisher has accepted the assignment as manager of Nikwax Ltd.'s international marketing and identity team. In his leadership the team has hired Chrissy Dorn of Germany and Stephanie Briggs of Spring PR in the UK to handle p
Author: Charlie Lunan
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
NFL to Lay Off 14% of Staff
The National Football League will lay off almost 14% of its staff to cut costs, Reuters reported. The report follows an announcement by the NBA in mid-October that it was laying off 9% of its workforce due to a weakening economy and declining season ticke
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
Season Pass Sales Soar, Bookings Dive at Vail Resorts
Vail Resorts, Inc reported its season pass sales were up 29% from the same time last year, but said advance bookings at its mountain resorts were off 23% and that if they did not improve it would have to lower its guidance for the current fiscal year…
SIA: Pre-Season Snow Sports Sales Post Solid Gains
Snow sports sales rose a surprising 9% in the August to October period, bolstered by a significantly higher ratio of carryover equipment sales. Sales of children's gear was also up strongly, the Snowsports Industries Association reported. The number
Discounting Prompts G-III to Lower Guidance
G-III Apparel Group, Ltd. lowered its full-year guidance after reporting net sales rose 29.6% thanks largely to acquisitions. The company said that since retailers have been slower to reorder, it expects to see a higher level of promotional activity in th
Icebreaker Buys Second European Distributor
Icebreaker has acquired its distributor in Germany, Sweden and Norway – three of its most important markets in Europe. The acquisition marks Icebreakers second of the year in Europe, where its sales are growing at an annual rate of…
Vail Resorts To Cut Permanent and Seasonal Positions
Vail Resorts became the second major ski resort operator in as many weeks to announce layoffs, the Summit Daily News reported. The company said it is cutting 50 year-round positions and leaving another 92 spots unfilled as part of cost-cutting efforts…
Precor Building Plant in North Carolina
Precor Inc. will invest $26.2 million to build a manufacturing facility in Greensboro, NC that will create 142 jobs during the next three years…
Stage Stores November Comps Beat Guidance
Stage Stores, Inc. reported that its total sales for the four week November period ended Nov. 29, 2008 decreased 4.8% due in part to the timing of the Thanksgiving weekend. Comparable store sales decreased 8.0% versus an increase of 3.6% last year…
Costco’s U.S. Comps Down 2% in November, Up 3% in Q4
Costco Wholesale Corporation reported net sales of $5.55 billion for the four weeks ended Nov. 30, 2008, a decrease of 3% from $5.72 billion in the same four-week period last year. When excluding the effects of lower gas prices and a stronger dollar, U.S.
Wal-Mart U.S. Sales Rise 6.5% in November
Sales rose 6.5% and 1.4% at U.S. Wal-Mart and Sam’s Club stores for the four weeks ended Nov. 28, 2008, on comp store gains (excluding fuel) of 3.4% and 3.5% respectively. However, a stronger dollar caused the discounter’s international sales to decline 1
Nordstrom’s November Sales off 12.1%
Nordstrom Inc. estimates its sales for the four-week period ended Nov. 29 fell 12.1% on a 15.9% decline in comps, due in part to the timing of the Thanksgiving weekend. Preliminary figures indicate year-to-date sales are down 6.2% on an 8.6% comp decline.
Rising Dollar Doubles TJX’s November Comps Decline
The TJX Companies, Inc. said sales for the four weeks ending Nov. 29 fell 9% compared to the comparable period last year. Comp stores sales fell 6% when excluding the the impact of “dramatically declining foreign exchange rates.” The company said the mark
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