Lululemon athletica inc. said it is approaching the uncertain economy by carefully monitoring its inventory and slowing store expansion. The Canada-based maker and retailer of yoga and fitness-inspired clothing said net revenue increased 34% to $87.0 mill
Author: sportsoneauthor
Gander Mountain Q3 Net Climbs on Cost Cutting
Following on the heels of a record-setting second quarter, Gander Mountain continued to see revenues grow for the third quarter despite a substantial decline in same-store sales. The outdoor retailers reported revenues increased 4% to $269.9 million from
Jarden Won’t Hit Street Estimate
Jarden Corp., the parent of Coleman, K2, Rawlings, Shakespeare and Volkl, expects to report fourth quarter revenue of about $1.3 billion and 2009 revenue of more than $5 billion. The company said it will not provide guidance below the revenue line, but be
Kohl’s Grabs Mervyns Locations
Kohl’s Corporation prevailed in a joint bid with Forever 21, Inc. in an auction of leaseholds held last week for Mervyns sites. Together, the retailers acquired 46 locations for approximately $6.25 million. Kohl’s will assume 31 of the locations while For
NFL to Lay Off 14% of Staff
The National Football League will lay off almost 14% of its staff to cut costs. The move will eliminate about 150 jobs over the next 60 days, not including jobs eliminated by individual teams…
SGMA ‘Postpones’ Summer Shows
In a shocking turn of events, SGMA and dmg world media announced the postponement of the next SGMA Team Sports Show and the SGMA Sports Licensing Show, tentatively scheduled for June 2009…
Pacific Sunwear Apparel Grows as Footwear is Eliminated
Pacific Sunwear VP of Investor Relations Gar Jackson clarified the circumstances surrounding Division President Thomas M. Kennedy’s recent resignation during the Pacific Sunwear presentation at the Wedbush Morgan Securities California Dreamin’ Management
JJB Sports Sees 7.5% Comps Decrease
JJB Sports reported that total group comparable store sales decreased 7.5% compared to last year for the period between July 28 and Dec. 7, 2008. This decrease consisted of a 6.7% increase in revenue for health clubs and an 8.9% decrease in retail sales.
SIA: Snow Sports Pre-Season Sales Up 9%
Just as snow sports reps began hitting the road to show lines and take orders for next winter, Snowsports Industries America reported industry retail sales rose 9% to $506.8 million in the August to October period.
However, reps would be well served to br
Season Pass Sales Soar, Bookings Dive at Vail Resorts
Vail Resorts, Inc said last week that its season pass sales were up 29% from the same time last year, but that advance bookings at its mountain resorts were off 23%. The company said that if bookings don’t improve it will have to lower its guidance for th
Investment Firm Acquires Three Ski Properties
CNL Lifestyle Properties, Inc., a real estate investment trust focused on lifestyle properties has acquired the privately held assets of three ski and mountain lifestyle properties: Vermont’s Okemo, Colorado’s Crested Butte and New Hampshire’s Mount Sunap
Ahnu Expands Retail Footprint with Eddie Bauer, The Walking Company Doors
Ahnu Footwear has formed two new retail partnerships that will send the brand past the 800-retailer milestone in spring 2009. Both The Walking Company and Eddie Bauer will begin carrying Ahnu men’s and women’s designs…
Sullivan Named Cloudveil Prez
Cloudveil named Co-Founder Stephen Sullivan President of the company following the resignation of Co-Founder and President Brian Cousins. Cousins leaves Cloudveil after helping to complete its integration with parent company Spyder Active Sports to pursue
The Program Moves to Burton HQ
Burton has begun transitioning The Program, which includes snowboard brands Forum, Special Blend and Foursquare, from its Irvine, CA offices to Burton’s Burlington, VT headquarters. The company said the transition will be complete by early February and wi
Rab Moves Operations to Boulder
Rab has moved its sales and marketing operations to Boulder, CO. Owner and President Matt Gower made the decision to move to Boulder based on his commitment to grow the Rab brand in the North American market…
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