G-III Apparel Group returned to profitability during the second quarter ended July 31, 2010 as accelerated sales and improved margins in its wholesale and retail businesses boosted its top line to better-than-expected results…
Author: SGB Media
E-Commerce Snowboard Discounter Overhauled; Niche Factor to Blame
Backcountry.com’s Brociety.com website, which specialized in offering discounts for snowboard gear on a one-deal-at-a-time (ODAT) basis, has shuttered its operations…
Mainland Headwear First Half Sales Jump Double-Digits on Revived China Retail
Mainland Headwear, a Hong Kong-based manufacturer and retailer of headwear, said favorable market consolidation of the manufacturing sector, growth in orders and the revival of the retail market in mainland China helped boost sales 19.3% to HK$292.9mm (US
Genesco Acquires Anaconda Sports
Anaconda Sports, one of the largest independent team dealers in the East Coast, became the latest dealer to be swallowed up by Genesco, Inc. Terms were not disclosed…
Three to be Inducted into the Sporting Goods Industry Hall of Fame
The Sporting Goods Industry Hall of Fame Committee has elected one retailer and two manufacturers, who will be inducted into the Hall of Fame next May…
Report: July Golf Rounds Down 5.1%
According to Golf Datatech, golf rounds played in the U.S. were down 5.1% in July compared to July 2009 and down 3.3% on a YTD basis…
LaCrosse Footwear Opens New Danner Plant in Portland
LaCrosse Footwear, Inc. opened its new Danner manufacturing facility in Portland, OR…
Genesco’s Second Quarter Loss Widens, Acquires Anaconda Sports
Genesco, Inc., as expected, reported its losses from continuing operations slightly narrowed to $2.4 million, or 10 cents a share, in the second-quarter, hurt by sluggish sales at its Journeys' chain and a slew of non-recurring charges…
DSW, Inc. Second Quarter Net Income More Than Triples
Comps climbed 12.5% at its DSW business and 5.7% in its leased business. Healthy increases were seen in both traffic and conversion rates. Women's footwear was up 12%, men's climbed 15%, athletics increased 9% and handbag/accessories gained 6%.
Quiksilver, Inc.’s Slow Turnaround Continues into Fiscal Third Quarter
Quiksilver, Inc.'s earnings improved sharply in the third quarter as belt tightening and reduced markdowns helped overcome sagging revenue. Pro-forma consolidated income from continuing operations reached $12.5 million, or 8 cents a share, more than
Billabong International Sees Soft Australian Retail Dampen Full Year Results
Australian surfwear manufacturer Billabong International, Ltd. said it had a “solid second half performance” for the fiscal second half ended June 30, although a weak first half was too much for the company’s full year to overcome…
Collective Brands, Inc. Q2 Results Hurt by Payless Stores
Collective Brands saw robust growth across its wholesale brand portfolio in the second quarter, particularly with Saucony, Sperry Top-Sider and Keds. But it was another story for the company’s own retail stores as the Payless domestic chain once aga
Globe Swings to Profit in 2010, But Sales Fall in All Regions
Globe International reported recently that currency exchange rates dropped it’s top line 9% in constant currency terms for the fiscal year ended June 30, but the company swung to a net profit after tax (NPAT) of A$1.3 million (US$1.1 mm) from a loss
August Outdoor Retail Sales Disappoint
Retailers described August as “chaotic,” “schizophrenic,” and “unstable,” with sales in some categories seen as wildly successful but the overall business disappointing…
Backyard, Car and RV Camping Sets Record in 2009
An estimated 44 million people participated in camping in 2009, nearly one million more participants than in the previous high of 1996, according the 2010 Special Report on Camping released last week by The Coleman Company, Inc. and The Outdoor Foundation
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