J. C. Penney announced late Monday that William A. Ackman of Pershing Square Capital Management, JCP's largest investor, has resigned from the Board effective Aug. 12, 2013. Ackman is best known for his actions to bring in former Apple retail chief R
Author: James Hartford
Li and Fung Sees H1 Profits Plunge on Flat Revenue Growth
Li & Fung Limited posted revenues of $9.13 billion in the six-month period ending 30, essentially flat to the the first half of 2012. The company said the results show how the Group’s businesses are incresaingly skewed towards the second half of th
Mainland Headwear Moving Production to Bangladesh as China Costs Soar
Mainland Headwear is warning investors that it is expected to record a “significant decline in performance in the first half period ended June 30,” which is primarily attributable to the increasing production cost of manufacturing businesses i
U.K. July Retail Sales Post Highest Growth Since April 2011
U.K. retail sales values were up 2.2 percent on a like-for-like basis from July 2012, when they had increased 0.1 percent on the preceding year. On a total basis, sales were up 3.9 percent, against a 2.0 percent increase in July 2012, the fastest July gro
Sport Footwear Off to Solid Start for Back-to-School
At first glance the sales trend for Sport Footwear for the early phase of the 2013 back-to-school season might look like a precursor of general weakness for the whole season, but a deeper look inside the early numbers from SportScanInfo may tell a much mo
Adidas Q2 Profits Rise Despite Revenue Decline
Adidas Group second quarter sales were described as 'stable' on a currency-neutral basis but declined 3.8 percent to €3.38 billion in euro terms in the quarter as growth in Retail offset sales declines in Wholesale and Other Businesses. On
Sport Apparel Growth Offsets Licensed Apparel Declines in June
According to retail point-of-sale data compiled by SportScanInfo (SSI Data), Sport Apparel sales grew in the low-single-digits in units and dollars for the five-week fiscal month of June. The month has traditionally been a clearance month for retailers in
The SportsOneSource Group Announces 2013 SGB 40 Under 40 Class
The SportsOneSource Group has announced the honorees for the sixth annual SGB 40 Under 40 Awards. This year’s class again contains individuals from all corners of the sporting good industry who are recognized as leaders making a difference in their
Dick’s SG Hits Low End of Q4 Profit Guidance on Weaker DSG Comps
Dick's Sporting Goods, Inc. reported consolidated net income for the 14 weeks ended Feb. 2, 2013 of $129.7 million, or $1.03 per diluted share, compared to the company's prior guidance of $1.03 to $1.05 per diluted share. Net sales for the 14-we
Bushnell Honored with 2013 Cabela Lifetime Business Achievement Award
Bushnell Outdoor Products was recognized by the U.S. Sportmen's Alliance (USSA) with the 2013 Cabela Lifetime Business Achievement Award. Bushnell received the award last week during the 35th annual Shooting, Hunting and Outdoor Trade Show (SHOT Show
Study: Retailers to Spend $55bn Annually on Mobile Marketing by 2015
As retailers increasingly utilize mobile devices as a touchpoint on each stage of the retail lifecycle, a new report from Juniper Research has found that annual spend by retailers on mobile marketing will reach $55bn, almost double the $28bn level expecte
Outdoor Product Sales Reach $11.3 Billion in 2012
The SportsOneSource Group is reporting that outdoor product sales were up 3.7 percent to $11.3 billion for the 2012 calendar year as mid-single-digit increases in outdoor apparel and outdoor hardgoods were partially offset by a slight decline in outdoor f
Outdoor Product Sales Get Late Lift in December
Outdoor Product sales posted a solid increase in December as a resurgent Outdoor Apparel business and strong Outdoor Hardgoods sales easily offset a continued decline in footwear segment revenues. After a mediocre week to start the month, followed by two
KSL Acquires 24 Percent of Whistler; Top Execs to Leave
Whistler Blackcomb Holdings Inc. (WBH) and KSL Capital Partners, LLC announced Monday that an affiliate of KSL has entered into a purchase agreement with Intrawest ULC to acquire Intrawest's 24 percent stake of WBH for approximately $116 million…
Mountain High Outfitters Expands DC Space
Mountain High Outfitters has reportedly leased 3,600 square feet of warehouse space at Avondale Commerce Park in Huntsville, AL for an expansion of its distribution facilities…
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