In 2008, the Outdoor Industry Association's will focus its public policy efforts on federal development and management of public lands and securing fair treatment for imported outdoor apparel and other products. The OIA's trade initiative will s
Author: Charlie Lunan
REI Recognized for Conservation Work
The Natural Resources Council of America (NCRA) bestowed its Corporate Stewardship Award to Recreational Equipment, Inc. (REI) for unparalleled corporate leadership in support of conservation programs in America…
Industry Giant Bill Modell Dies at 86
Chairman of the Board of Modell’s Sporting Goods, William “Bill” Modell, 86, died Thursday, Feb. 14, 2008, in New York. The founder of the 136-store Modell's Sporting Goods chain earned many accolades for his pioneering work as a discount retailer, e
Kellwood Will Go Private
Sun Capital Securities Group, LLC said 70.8% of the shareholders of Kellwood Co. tendered their shares to its affiliate Cardinal Integrated, LLC by a midnight deadline Tuesday, clearing the way to take the company private. Kellwood's outdoor brands i
180s Signs International Distributors
At ISPO, the Maryland-based apparel and accessories company signed up two international distributors. Cizen will represent the line in Japan, Italy, France and Germany and Dogree Fashions will distribute the product in Canada. 180s said it had also partne
Hedge Fund Buys 6.9% of Deckers
Renown hedge fund Renaissance Technologies has acquired 6.9%, or 896,700 shares, of stock in Deckers Outdoor Corp.Shares of Deckers stock were trading up nearly $5, or just over 4%, in the $120 a share range by midafternoon. Decker's owns the Ugg, Si
Wolverine Chairman Gets Another Year
Wolverine World Wide, Inc. extended Timothy J. O'Donovan's term as chairman of the company's Board of Directors until the company's 2009 annual meeting of stockholders. Mr. O'Donovan will be paid $150,000 for his services as chair
Nautilus Packs Charges Into Q4, Reports Losses
Nautilus Inc. packed $45 million in pre-tax charges into its fourth quarter, causing it to report a big downswing in earnings for the quarter and the full year. The fitness equipment maker said it lost $32.4 million for the quarter compared to profits of
GSI Commerce Earnings Fall Despite Rising Revenue
GSI Commerce Inc. said its revenue rose 23 percent in the fourth quarter ended Dec. 29, 2007, but that income from operations decreased 49 percent to $4.9 million.The company said it expected net revenues to hit $1 billion in 2008 with income from operati
Retail Stocks Rally on January Sales Estimates
Retail stocks rallied Wednesday after the U.S. Department of Commerce released preliminary estimates showing stronger than expected January and November through January sales. The government said U.S. retail and food services sales for January were essent
DSW Comps Fell 1.7% in Latest Quarter
DSW Inc. reported net sales for the thirteen-week quarter ended Feb. 2, 2008 increased 1% to $332.5 million compared with $329.1 million for the fourteen-week quarter ended Feb. 3, 2007. Same store sales decreased 1.7% for the comparable thirteen-week per
Wal-Mart Comps Growth Halved
Wal-Mart Stores Inc. reported its comp store sales rose .9% in the four-week period ending Feb. 2, 2007, compared to a rise of 1.8% in the year earlier period. Net sales rose 7.9% rise to $27.28 billion for the period and 8.5% to $375.41 billion for the y
BJ’s Posts 7.8% Comp Sales Increase
BJ’s Wholesale Club, Inc. reported that comp store sales in January increased by 7.8%, including a contribution from sales of gasoline of 2.6% and a negative impact from the absence of pharmacy sales of 0.3%. The company said total sales for the month of
J.C. Penney Comps Off 1.9%
J. C. Penney Company, Inc. comparable department store sales decreased 1.9 percent for the four weeks ended Feb. 2, 2008, compared with guidance for a mid-single digit decrease and a 3.6 percent increase in last year’s January period. Total department sto
Ross Stores Comps Rose 1% in January
Ross Stores, Inc. reported same-store sales rose 1% for the four weeks ended Feb. 3 and 2% for the 13 weeks ended Feb. 2, 2008 over the comparable periods a year ago. Ross said sales for the four-week period rose 9% to $350 million…
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