Skechers saw third quarter sales fall sharply, but the numbers were better than the company’s previous guidance due primarily to the company’s “aggressive approach” to reduce inventories that cut into margins and pushed the company into the loss column…
Author: SGB Media
Bob’s Should Emerge as a New Player…
The New England rumor mill has been forecasting the acquisition by TJX to save Bob’s Stores from the Kohl’s onslaught in the Northeast. TJX, parent to the familiar TJ Maxx and Marshall’s close-out stores, and the lesser-known HomeGoods, T.K. Maxx and A.J
Columbia Out to Prove They Aren’t Just Outerwear Anymore…
Columbia Sportswear Company pointed to a strong backlog picture in upgrading its outlook for the balance of this year and into fiscal year 2004. Backlog at the end of the third quarter increased 26.7%, or 20.2% in constant currency, for the spring period
Deckers is Filling in Revenue Valleys…
Deckers’ acquisition of the Teva brand looks like it will provide even more upside than first thought, with opportunities now apparent in the Simple line as well as the expected upside in the Teva range. The company is also pointing to the expansion of a
Top-Flite Deal Looks Solid for Callaway…
Callaway chairman and CEO Ron Drapeau pointed to a number of leading economic indicators that show positive signs in the global economic landscape that usually impacts golf companies much more than the balance of the sporting goods market. Drapeau pointe
adidas Lost Two of It’s Stripes…
The European Court of Justice ruled that a two-stripe design, common on sporting goods throughout the EU, does not constitute trademark infringement. The case was brought by adidas against Fitnessworld Trading in Dutch courts five years ago, and has just
Oakley Loses Ground in Core Business as the U.S., Sunglass Sales and Hut Decline…
Oakley pointed to the lack of a new break-out model in its Sunglass line this year and heavier spring retail inventories that carried over into Q3 as reasons for the fairly sharp decline in its core Sunglass business for the third quarter…
K2 Gets Sales Benefit from Acquisitions, but Earnings Suffer…
K2, Inc. saw third quarter earnings in line with analysts’ estimates as the company reported a 140 increase in pro-forma diluted earnings per share based on the acquisition of Rawlings last year. The pro forma EPS figure was calculated at five cents for
Acquisitions Hide Declines at VF Corp…
VF Corp. saw “stronger-than-expected” sales from its core businesses in the third quarter and “higher–than-expected” profit contribution from the recently-acquired Nautica Enterprises, Inc. The Outdoor Coalition, which includes The North Face, JanSport a
Consumers Still Look to Price First…
Based on research conducted by BIGresearch for the National Retail Federation, consumers this holiday are still see price driving their destination and they expect to hit the stores earlier this year to get what they need. On the receiving end, consumers
As Retailers See Better Margins from Tighter Inventories…
Analysts concur with NRF when it comes to the “Buy Early” scenario, suggesting many could be out of luck if they wait until the last minute. Still, with no “must have” items in the market this year, it may be tough to convince the consumer that retailers
Woodman Opens US Office
Woodman Components has opened Woodman Components USA Inc. The Taiwan based frame and component maker has established a full-time satellite office and has named Jim Vincent Jr. as President. The main focus of the US office will be to build awareness of the
180’s and EntreQuest Form Mentoring Program
180s and EntreQuest formed a corporate youth mentoring program — b4students Foundation. The mentoring program teaches self-improvement and business development skills to underserved, ‘at promise’ Baltimore city middle school and high school students. The
JanSport Receives Continental Divide Trail Alliance Corporate Award
Jansport was recently presented with the Continental Divide Trail Alliances' prestigious Corporate Award. The annual award recognizes a company that has committed significant time and resources to the completion and protection of the CDT…
Marmot, Gore and ADG Team Up To Create Electro-Luminescent Jacket
The Marmot Project Team, the W.L. Gore & Associates, Inc. Advance Development Group and the R&D department of Novatech Electro-Luminescent, Inc. of Chino, California, are collaborating in the development of a new, wearable technology concept garment named