Payless ShoeSource, Inc. has completed the acquisition of The Stride Rite Corp. and has officially changed its name to Collective Brands, Inc. The acquisition was approved by SRR shareholders at a special meeting held on August 16, with 80.7% of sharehol
Author: James Hartford
Puma Sees U.S. Q2 Weakness Erase Gains Elsewhere
PUMA AG reported that net sales for the second quarter dipped 0.7% to €542.8 million ($732 mm) compared to €546.6 million ($412 mm) in the year-ago quarter. Consolidated sales grew 3.1% currency adjusted. EBITDA was down by 7.6% to €71.7 million ($97 mm
Shoe Carnival Q2 Comps Decline 7.1%
Shoe Carnival, Inc. reported sales increased 5.4% to $154.8 million for the fiscal second quarter ended August 4, compared to sales of $146.9 million for the year-ago period. Comparable store sales decreased 7.1% for Q2.
Pacific Sunwear July Comps Decline 4.6%
Pacific Sunwear of California, Inc. reported that total sales for the four weeks of fiscal July ended August 4 were $111.5 million, a decrease of 2.8% from total sales of $114.7 million during the same four-week period ended August 5, 2006. Total company
DSW Q2 Comps Up 5.9%; Sees GM Pressure
DSW Inc. reported net sales for the second quarter ended August 4 increased 16% to $348.7 million compared with $301.3 million for the year-ago period. Same-store sales increased 5.9% for the comparable thirteen-week period versus an increase of 2.2% last
JC Penney July Dept. Store Comps Jump 10.8%
JC Penney Company, Inc. reported that total company sales increased 13.3% for the four weeks ended Aug. 4, including a 13.6% increase in total department store sales. Comparable department store sales increased 10.8% following a 4.9% increase last year, a
The SportsOneSource Group Expands Business Development Team
In an effort to better service the needs of a growing and divergent client base, The SportsOneSource Group has added three solid industry professionals to its team. Susan Tauster has joined SportsOneSource as advertising sales manager for the Western U.S
Escalade Inc. Appoints Former Russell Exec as CEO
The Escalade, Inc. Board of Directors has appointed Robert J. Keller as president and CEO of the company, effective August 1, 2007. Mr. Keller will replace Mr. Terry Frandsen who has served as the interim CEO since April 2007. Mr. Frandsen will continue
GoLite Footwear Picks Up IDEA Design Award
The Timberland Company has been awarded a 2007 Industrial Design Excellence Award (IDEA) for the new GoLite® footwear line that recently launched in March 2007. The IDEA program, co-sponsored by The Industrial Designers Society of America (IDSA) and Busin
Camelbak Better Bottle Wins Design Award
The CamelBak® Better Bottle™ joins product design heavyweights like Herman Miller, Apple, Sony and the BMW Designworks as winners in I.D magazine’s prestigious Annual Design Review. The CamelBak® Better Bottle™ won an Honorable Mention in the Consumer Pro
Nike Suspends Release of Zoom Vick 5 Shoe
Nike, Inc. — and a number of retailers — may take a bit of a financial hit this summer as a result of the legal problems associated with one of its key athlete endorsers. After the firestorm surrounding the federal indictment of Michael Vick for allege
Nautilus Acquires Chinese Manufacturer for $72 Million
Nautilus, Inc. has exercised a purchase option to acquire the assets of its largest contract manufacturer, Xiamen, China-based Land America Health and Fitness Co., Ltd. The all cash-transaction of approximately $72 million is expected to close January 2,
Brands Holdings Increases Bid Price for Everlast
Everlast Worldwide Inc. has signed an amendment to its definitive agreement with Brands Holdings Limited which increases the merger consideration to $33.00 per share in cash, a 42.5% premium to its closing price on May 31, 2007, and a 24% premium to the a
The Finish Line Posts Q1 Loss on Comp Sales Decline
The Finish Line, Inc. reported a net loss of $3.9 million, or a loss of 8 cents per diluted share, for the fiscal first quarter ended June 2, versus net income of $4.4 million, or 9 cents per diluted share, for the thirteen weeks ended May 27, 2006. Cons
Lululemon Q1 Comps Jump 20%; Net Income Up 11.3%
Lululemon Corp. reported that net revenue increased 58.9% to $44.8 million for the fiscal first quarter ended April 30, compared to $28.2 million for the first quarter of fiscal 2006. Comparable corporate store sales increased 20% for the period. Gross
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