Tough times call for prudent inventory management at retail. But is the industry overdoing it? As retailers work to keep inventories lean this year and focus on bottom-line profitability instead of just top-line growth, some are starting to get concerned
Author: SGB Media
The Finish Line Sees Weak Traffic Offset Running Strength in Fiscal Q2
The Finish Line sees running footwear remaining strong, while apparel is “getting healthier” and its e-commerce business “continues to grow profitability.” Like many other retailers, comparable store sales also turned positive in September but anemic traf
The North Face Speaks Out on EPA “Pesticide” Charges
The North Face faced a media firestorm last week after the U.S. Environmental Protection Agency reported that more than 70 styles of shoes advertised as bacteria-killing by the outdoor giant had not been registered with the agency. TNF said it had immedia
Forzani Group Back-to-School Comps Essentially Flat
The Forzani Group Ltd. reported that consolidated same-store store sales for the back-to-school period inched up 0.1% for the seven-week period ended Sept. 20 compared to the comparable period last year. Broken out, consolidated same-store sales for the f
Blacks Leisure Puts Sandcity Unit into Administration
Blacks Leisure Group placed its Sandcity boardwear stores in administration after its bank Tuesday gave it a month to come up with a restructuring plan for its loss-making stores…
JD Sports Sees First Half Profits Up 14.5%…
JD Sports Fashion reported a 14.5% increase in group pre-tax profits before exceptional items to £14.2 million ($22.2) in the 26 weeks to August 1. Total group sales for the U.K. sports fashion retailer jumped 8.4% to £324 million ($443.4 mm), while comp
JJB Posts H1 Loss Amidst Investigation
JJB Sports Plc reported its first half loss widened due to inventory issues, and any concerns the company may have had were compounded by an investigation by the U.K.’s Serious Fraud Office (SFO) and the Office of Fair Trading to uncover possible wr
ASICS America to Open First U.S. Store; Expands into Golf and Lacrosse
ASICS plans to open its first store in the U.S. this fall. At an event last week showcasing its Spring 2010 collections in New York City, ASICS officials also revealed plans to enter the golf and lacrosse categories in the U.S. for the first time…
Kohl’s Plans California Onslaught
Kohl's will open 35 new stores in former Mervyns locations on Sept. 30, including 30 in California. The department store chain currently only has 91 stores in the state, and many of them are in outlying suburbs…
Brooks Adds Rock ‘n Roll to Roster
Brooks Sports reached an exclusive and multi-year agreement to become the official footwear and apparel partner for the Rock 'n' Roll Marathon Series while its sister brand, Moving Comfort, will be the official sports bra for the series…
Foot Locker Opens Fourth House of Hoops in New Jersey; Plans Stores in Europe
Foot Locker opened its fourth House of Hoops store at the Cherry Hill Mall in South Jersey. The location is only the fourth House of Hoops in the U.S. and the first in the suburbs. Other stores are located in Harlem, Chicago and Los Angeles. House of Hoop
Vail Resorts Fiscal Year Profit Cut on Lower Skier Visits
Vail Resorts saw a very difficult year with declining sales and their net income was cut in half for the fiscal year ended July 31, 2009. However, the ski resort holding company was easily able to stay profitable in spite of serious challenges in the hosp
OIA: Tariff Uncertainty Could Demand Adjustments for Footwear Makers
According to the OIA, the possibility that Congress won’t extend temporary duty relief on dozens of types of outdoor footwear featuring water resistant textile and synthetic uppers has manufacturers re-evaluating product design and production schedu
Dorel Looks to Capitalize on Growing Cycling Market
At Scotia Capital’s annual Back-to-School Conference, held in Toronto this year, Dorel Industries pointed out several growth strategies they will be implementing in the coming year – particularly around their bike business. Martin Schwartz, Dorel In
SGMA Warns Over China Trade
The SGMA is warning sporting goods manufacturers that trade with China could become volatile in the near future. In response to the current administration’s decision to impose 25-35% safeguard duties on Chinese-made tires, China's Ministry of C
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