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…
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
Billabong Cuts EPS Forecast on Weakening US Sales
Billabong International Limited nearly halved its guidance on EPS growth for fiscal 2008-09, citing further deterioration in consumer sales, primarily in the United States. The world's largest publicly traded surf company said forward orders remain g
Nordstrom’s Fined Over Kid’s Hoodies
Nordstrom Inc. has agreed to pay a $60,000 civil penalty to settle allegations that it knowingly failed to report to the Consumer Product Safety Commission immediately, as required by federal law, that its children's hooded jackets and sweaters were
Sportsman’s Warehouse HQ Likely to Remain in Utah
The Canadian agricultural co-op that has signed an MOU to buy Utah-based Sportsman's Warehouse expects to eventually combine the chain with a Canadian chain it bought earlier this year under a single brand, according to a report by New West. Expansio
Long Beach Delays and Lowers Container Fee
The Port of Long Beach has announced it will delay until at least July 1, 2009, and lower to $6 from $15 a fee on 20-foot equivalent containers that was set to go into effect Jan. 1, 2009. The Port of Los Angeles is expected to announce a similar delay a
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