Target Corp's first-quarter profit declined 12% to $522 million, or 69 cents a share, from $602 million, or 74 cents a share. But results were well ahead of Wall Street's consensus estimate of 60 cents due to limited markdowns and controlled ex
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
The Buckle’s Q1 Earnings Jump 44%
The Buckle's first-quarter profit rose 44% on a 25 percent jump in sales. Earnings reached $26.9 million, or 58 cents per share, in the quarter ended May 2, up from $18.7 million, or 40 cents per share, a year earlier. Revenue rose to $199.7 million
Backcountry.com Launches Two Cycling Websites
Backcountry.com officially launched their two new bike stores:
HuckNRoll.com, dedicated to mountain bikers, and RealCyclist.com, the world's first exclusive road cycling shop online. These new stores join Backcountry.com's other cycling focused
Jim Tompkins to Leave New Balance in June
New Balance announced that Jim Tompkins, president and COO at New Balance, will depart the company in early June. Tompkins, who joined New Balance in 1984, assumed his current position in 1999…
Adidas Group Names Chief Officers for Sales and Retail
Adidas Group announced new chief officers for sales and retail responsible for both adidas and Reebok. Effective July 1, Roland Auschel will assume the role of chief sales officer. Michael Stanier joined the adidas Group as chief retail officer on May 15.
JD Sports Buys French Sports Retailer
JD Sports Fashion Plc, the U.K. sports fashion and footwear chain, has acquired sports retailer Chausport SA, based in Lille, France, for €8 million ($11.1 million) to enter the French market. Chausport was founded in 1980 and has 78 stores across France.
Golfsmith Acquires Rights to MacGregor Golf
Golfsmith International Holdings, Inc. has acquired full intellectual property rights to the MacGregor Golf brand throughout North and South America, Europe, Australia/New Zealand, and Africa. New MacGregor products will be available as soon as Holiday 20
Broder Bros. Successfully Completes Financial Restructuring
Broder Bros., Co. said it has completed its previously announced financial restructuring through the settlement of its private exchange offer. The imprintable sportswear distributor had warned that a bankruptcy filing would be likely it it failed to compl
JJB Sports Sees YTD Comps Tumble 23%
JJB posted a net loss of 167.6 million pounds ($264.6 million) for the year ended Jan. 25 compared with a profit of 9.6 million pounds for the same period a year earlier. The company took an exceptional charge of 171.7 million pounds due to store closures
Zumiez Makes Bid for Active Ride Shop
Zumiez has reached an agreement to acquire Active Ride Shop, which is reorganizing in bankruptcy proceedings. According to court papers filed in the U.S. Bankruptcy Court of the Central District of California, Zumiez will pay as much as $7.2 million in c
VF Corp.’s CEO Talks Up Possible Acquisitions
Eric Wiseman, VF Corp's CEO, said in published reports the company is in “active discussions” on possible acquisitions to expand its outdoor and action sports coalitions. Wiseman said, “There are lots of really interesting discussions about brands th
Outdoor Retailer Plans Cost Savings for Upcoming Shows
The organizers of Outdoor Retailer sent out a letter addressing a number ways its reduce costs and improve the value of its trade show for both exhibitors and attendees. The letter also summarizes key results from a January 2009 survey of more than 1,500
Outdoor Retailer Plans Cost Savings for Upcoming Shows
The organizers of the Outdoor Retailer Show sent out a letter detailing a number ways it's reduced costs and improved the value of its trade show for both exhibitors and attendees. The letter also summarized key results from a January 2009 survey of
Q1 Profits at TJX Rise 8% on 1% Sales Gain
The TJX Cos., parent of the T.J. Maxx and Marshalls stores, reported an 8% increase in fiscal first-quarter profits to $209.2 million, or 49 cents a share, from $193.8 million or 43 cents, a year ago, thanks to increased shopping traffic and some cost cut
NOC CEO to Testify Before House Committee on Small Business
Nantahala Outdoor Center (NOC) President and CEO Sutton Bacon will testify before the U.S. House of Representatives Committee on Small Business at Wednesday’s “Heroes of Small Business” hearing scheduled for 10am. At the hearing Bacon will discuss NOC’s $
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal