Executives in the outdoor industry don't expect an economic recovery to occur earlier than the second half of 2009, according to a survey recently conducted by the Outdoor Industry Association and Piper Jaffary. The survey also finds suppliers with a
Author: Charlie Lunan
Fair Traders Pick Up 31 Seats in Congress
So-called “Fair Traders” have picked up a net increase of 31 seats in Congress, according to a report by Public Citizen's Global Trade. The report finds that Republicans have increasingly adopted fair trade platforms to fend off Democratic contenders
Lafuma Sales Rose 5.2% in Fiscal 2008
Lafuma SA reported revenues of €263.7 million ($396.6mm)for the fiscal year ended Sept. 30, up 5.2% from the €250.6 million ($333.5 mm) in the prior fiscal year. Excluding sales of its recently acquired Eider business, sales rose 2.9% to €255.0 million ($
Fire that Destroyed Indiana Store Ruled Accidental
A Nov. 3 fire that caused more than $1 million in damage to a sporting goods store in Indiana has been ruled accidental by state police fire marshal Tim Frew. The fire destroyed Bowman's Sporting Goods on McGee Avenue in Patton, IN…
Confluence Parent Cuts Dividend To Preserve Cash
The publically traded private equity fund that owns Confluence Watersports has cut its dividend, eliminated its stock buy-back program and will implement further costs cutting in a move to preserve cash.American Capital, Ltd. said it is taking the moves b
Confluence Parent Cuts Dividend To Preserve Cash
The majority owner of Confluence Watersports has cut its dividend, will retain 2008 and future long-term capital gains, eliminate its stock buy-back program and implement further cost cutting in a bid to preserve cash. American Capital, Ltd. said it is ta
Deckers Discusses Broadening Product Line, Retail Plans and Tougher Patent Enforcement at Annual Investors’ Day
Deckers Corp. laid out three main opportunities for growth of its juggernaut Ugg brand at its annual investors’ day last week and provided updates on its plans for Simple, Teva and Tsubo. The company expects to open up to 30 shops in the United States, A
Dorel’s Pacific Cycle Unit Thrives in Q3 As Cannondale Misses 2009 Shipments
Dorel Industries Inc. reported sales of its Pacific Cycle division to mass merchants were stronger than expected in the third quarter, but said it had to delay orders for new Cannondale models due to supply constraints. Q3 orders for Cannondale’s 2008 mod
Wal-Mart Reports 2.2% Comps Growth in October
Wal-Mart U.S. said its sales for the four weeks ended Oct. 31 rose 5.3% to $18.4 million on 2.2% comps growth. The comp growth was the same when including and excluding fuel sales. Companywide, including Sam's Club and International, sales rose 2.3%
Gottschalks Comps Continue Double-Digit Slide
Gottschalks Inc. said same store sales for the month of October decreased 13.4% from the prior year. Total sales for the four-week period decreased 13.4% to $36.1 million compared to $41.7 million in the same period of fiscal 2007…
Macy’s October Sales Fall 6.9%, Comps Down 6.3%
Macy’s, Inc. reported total sales of $1.72 billion for the four weeks ended Nov. 1, 2008, a decrease of 6.9% compared to total sales of $1.85 billion in the same period last year. On a same-store basis, Macy’s, Inc. sales were down 6.3% in October…
Off-Price Retailer TJX Sales Fall on Stronger Dollar
The TJX Companies, Inc. said sales declined 2% to $1.48 billion, on a 6% decline in comp store sales for the four-week period ended Nov. 1. The comp store decline was driven by the precipitous and unexpected drop in foreign currency exchange rates versus
Gas Sales Fuel BJ’s 10.2% Comps Growth in October
BJ’s Wholesale Club, Inc. said its October sales increased 11.6% to $738.8 million from $662.1 million in October 2007 on comps growth of 10.2% that included a contribution from sales of gasoline worth 3.6%. The company said unexpectedly high profits on g
Judge Dismisses Arc’Teryx Suit Against Westcomb
A Utah judge this week entered judgment in favor of Westcomb in a lawsuit filed Feb. 2, 2007, against the performance outerwear brand by cross town rival Arc’Teryx. The judge dismissed Arc’Teryx’s claim that a zipper design created by Westcomb infringed
Trips for Kids Expands to Israel
Trips for Kids (TFK) said an Israeli bike club dedicated to building bridges between Jewish and Arab youth has formed its first international chapter. Trips for Kids Israel – Samson Riders Bicycle Club (TFK Israel-SRBC) will bring disadvantaged youth toge
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