The latest survey of retail executives conducted by the National Retail Federation saw the mood in the corner office recover a bit from the sharp downturn in April as a brighter long-term outlook, tight controls on inventories, and stronger average ticket
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
ITECH Issues Goalie Mask Recall
Mission-ITECH Hockey, in cooperation with the U.S. CPSC, has issued a voluntary recall of the ITECH Profile 2100, 1100 and 8.0 hockey goalie masks and ITECH RP607 and RP609 goalie mask replacement wires. Consumers have been advised to stop using recalled
Softgoods Lead First Quarter Specialty Market…
The continued consolidation of the Bicycle, Outdoor and SnowSports industries helped boost the top-line sales numbers for vendors yet again in the first quarter. Momentum shifted back to the vendors in Q1 as their margins and profits remain healthy while
American Recreation Sees Weakness in Mass Market…
Kellwood, the parent company to Kelty, Sierra Designs, and Slumberjack, reported sales in the first quarter of $639.4 million, down 6.9% from $686.1 million last year. Net earnings for the first quarter were $12.5 million or 45 cents per diluted share ver
Footwear Manufacturers Prepare for Beijing Olympics…
The China Economic News Service reported that several major Taiwan-based footwear manufacturers are ramping up production in order to meet demand, which is expected to spike in conjunction with the 2008 Olympic Games in Beijing. Pou Chen Corp. has been co
Merrell Inks Footwear Licensing Deal with Patagonia…
Patagonia and Wolverine World Wide have inked a licensing agreement under which WWW’s Merrell brand will design, manufacture and market under the Patagonia name with rights to Water Girl and Lotus Designs. The first product line is expected at retail in s
Lafuma Takes Control of Oxbow…
Lafuma has completed its initial acquisition of Oxbow from the majority shareholder, Teahupoo, gaining 63.7% ownership of the company. Lafuma will now submit a draft standing offer at a price of €10.75 per OXBOW share cum-dividend and as a result OXBOW’s
Lapierre and Accell Land on U.S. Soil…
Lapierre Cycles, a member of Accell Group, opened a branch office in North America, and plans on distributing a complete line of road and mountain bikes starting in October 2005 at Interbike. After an investigative trip to the States in April for the Sea
Exel Sustains Nordic Walking Funding…
Exel’s efforts at expanding the Nordic Walking market internationally have not yet shown an any dividends, but the company stated that it will continue to invest in this emerging market in both North America and China. The Finnish company’s Q1 interim rep
The Great Malls of China…
The International Herald Tribune is reporting that the retail environment in China is not growing steadily, but rather it is growing in leaps and bounds with new “mega-malls” opening at a rapid rate. Apparently, by the year 2010 seven of the world’s ten l
Vaude Signs Agreement With Distributor Liberty Mountain
Liberty Mountain, one of the largest distributors of outdoor products in the U.S. has signed an agreement for exclusive distribution of the VAUDE line of technical outdoor products in the United States. Starting in 2006, Liberty Mountain will offer VAUDE&
JC Penney May Comps Increase 3.5%
J. C. Penney Company, Inc. comparable department store sales increased 3.5% for the four weeks ended May 28, 2005. Sales reflected a continuation of recent trends and an improvement over previous guidance. Direct (catalog/Internet) sales increased 7.8%,
DSW Comp Sales Inch Up 0.2% for May
Total sales for Retail Ventures, Inc. for the four weeks ended May 28, 2005, increased 3.7% to $228.7 million from $220.5 million for the four weeks ended May 29, 2004. The company's same store sales decreased 3.2% for the four week period. DSW May s
Nasdaq Grants Filing Extension to Big 5 Sporting Goods
Big 5 Sporting Goods announced that the Nasdaq Listing Qualifications Panel has granted the company an extension until August 12, 2005 to file its Annual Report on Form 10-K for the fiscal year ended January 2, 2005 and its Quarterly Report on Form 10-Q f
TJX Sees May Comps Slip 1%
The TJX Companies, Inc. reported sales for the month of May 2005 were $1.2 billion, 5% above the $1.1 billion achieved during May LY. For the year-to-date, sales reached $4.8 billion, an 8% increase over last year's $4.5 billion. Consolidated compara
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