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
Author: Charlie Lunan
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
Nielsen, OIA To Survey Retailers on OR Show
Outdoor Retailer and the Outdoor Industry Association will launch a four-week online survey to gather retailer's suggestions on improving the Outdoor Retailer Summer Market trade show. An analysis of the results should be ready in time for the OR Sum
Zumiez Comps Fall 15% in November
Zumiez Inc. reported a 15% decline in November comps on a day when only five out of the 27 retailers tracked by Sports Executive Weekly posted positive comps for the month. The company's total net sales for the four-week period ended Nov. 29, 2008 fe
OIWC Seeks Award Nominees until Dec. 15
The Outdoor Industries Women’s Coalition (OIWC) is soliciting nominations for its annual 2009 Pioneering Woman and First Ascent awards. The deadline for submitting a nomination is Dec. 15…
November Weather Patterns Favored Eastern Retailers
While the West was warm, cooler temperatures in the East stimulated seasonal purchases in late November and during the critical Black Friday weekend, according to Planalytics Inc., which helps companies anticipate and measure the impact of weather on thei
Wal-Mart Focuses Sustainability Effort on Creating Green Jobs
Wal-Mart Stores, Inc. has partnered with suppliers to facilitate the creation of green jobs in the United States. The retailer cited its recent decision to supply 15% of its power needs in Texas with wind energy as an example of how its sustainability cam
Diadora Awards All its Lines to Canadian Distributor
Diadora said that Logica Sport will became distributor of all Diadora products in Canada effective Dec. 1. Logica Sport has been the Diadora cycling distributor since June 15, 2008, and now will distribute Diadora soccer, tennis and running (in addition t
Sears to Close Eight More Underperforming Stores
Sears Holding Company, the nation's top seller of fitness equipment, said that it has identified eight more underperforming stores it will close on top of 14 it closed in the third quarter. Sears Holdings expects to record a pre-tax charge of up to $
Black Friday Bargains Draw Shoppers in Big Way
Retailers breathed a collective sigh of relief this weekend as Americans hit the malls in a big way in search of bargains. The National Retail Federation's 2008 Black Friday Weekend survey released Sunday afternoon projected that more than 172 millio
Americans Flock to Malls for Black Friday Bargains
The National Retail Federation's 2008 Black Friday Weekend survey released Sunday afternoon projected that more than 172 million shoppers will have visited stores and websites from Thursday through Sunday, up from 147 million shoppers last year. The
Terramar Sports Hires Pico Manufacturing
Terramar Sports, a maker of performance base layers, has hired Pico Manufacturing to help it build business with department stores and mass merchandisers nationwide…
Canadian Co-op Buying Sportsman’s Warehouse
Alberta, Canada-based UFA Co-operative Limited is poised to acquire a majority interest in Utah-based Sportsman’s Warehouse, increasing the co-operative’s annual revenue by $800 million. UFA has already made a significant cash injection into the US retai
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