Pacific Sunwear of California, Inc. updated earnings expectations for the second quarter of fiscal 2009, announcing same-store sales for the second quarter are projected to decrease by approximately 24% versus original expectations of negative 17% to 20%.
Author: sportsoneauthor
Skechers Q2 Sales Fall 15.7%; Margins Take Significant Hit
Skechers USA, Inc. said sales for the second quarter ended June 30, 2009 were $299.0 million, down 15.7% from sales of $354.6 million a year ago. Net loss was $5.9 million compared to net earnings in the second quarter of 2008 of $14.6 million…
Jarden Reports Q2 Sales Down 6.6%; Cost Cutting Boosts Cash Flow
Jarden Corporation reported its financial results for the three and six months ended June 30, 2009. For the three months ended June 30, 2009, net sales decreased 6.6% to $1.3 billion compared to $1.4 billion for the same period in the previous year. Appr
Amazon.com to Acquire Zappos.com
Amazon.com, Inc. said it has reached an agreement to acquire Zappos.com, Inc. for roughly $840 million in stock and cash. The acquisition would increase Amazon's already considerable purchasing power with outdoor and athletic apparel and footwear bra
Boathouse Sports Names Doug Tibbetts President/CEO
Boathouse Sports, a Philadelphia-based manufacturer of custom team athletic apparel, today announced the appointment of Douglas Tibbetts as the companies President and CEO…
Sport Supply Group Forecasts Record FY09 Profits; Sets EPS Guidance for 2010
Sport Supply Group said preliminary results for its fiscal year ended June 30 indicate annual sales of more than $250 million and diluted EPS in the 84 cents to 87 cents per sahre range. The company also provided a forecast for fiscal 2010…
RECALL: Buster Brown and Co.’s Clog Children’s Shoes
The U.S. Coonsumer Safety Commission and Brown Shoe Co. Inc. have announced the recall of Buster Brown and Co.'s Clog Children's Shoes after Brown Shoe received two reports that decorative wheels detached from the shoe…
Broncos Moreno Signs with McDavid
Athletic apparel and sports medical products manufacturer McDavid announced the signing of former University of Georgia running back and Denver Broncos' number one draft pick Knowshon Moreno…
VF Corp. Reports Q2 Sales Fall 11%; Maintains Guidance for Second Half
VF Corporation announced second quarter revenues were $1.49 billion, a decline of 11% compared with $1.68 billion in the second quarter of 2008, with foreign currency translation accounting for 3%of the decline. Net income in the current quarter was $75.5
Taylor Elected to Officers of OWAA
Mark Taylor, outdoors editor of The Roanoke (Va.) Times, was elected third vice president of Outdoor Writers Association of America (OWAA). The association's board of directors elected Taylor at its recent conference in Grand Rapids, MI…
Crocs CEO Responds to Negative Media Reports
A story published in the Washington Post that raised questions about Crocs, Inc.'s health has prompted Crocs President and CEO John Duerden to post a blog on the company's website to reassure customers and investors of the company's viabili
SGB Publishes 2009 Top 100 Retailers Report
The SGB Retail Top 100 list has had its years of change in the past – due mostly to mergers and acquisitions of late – but this year marks the exit of one iconic retailer in 2008 and another that saw its last entry in 2009. The turmoil of the last year h
Wolverine World Wide Raises ‘09 Outlooks, Sees Quality of Orders Improving
Wolverine World Wide, Inc. reported a sharp decline in Q2 earnings due to restructuring charges, but the company still lifted its full-year adjusted earnings outlook due to the strength in its core brands and signs that the “quality” of order backlog is i
Wade Moves to Brand Jordan
Nike, Inc. has announced that Miami Heat guard Dwyane Wade has changed sponsors, making the switch from Converse to Nike’s Jordan Brand, effectively ending what had become a soured relationship between the NBA scoring champ and the NKE subsidiary…
Dept. of Education Awards $78 Million in PEP Grants…
The Department of Education announced the recipients of $78 million in Carol M. White Physical Education Program (PEP) grants. New PEP grants totaling $26.5 million will be distributed to more than 140 school districts and community based organizations ac
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