Nordstrom Inc reported a lower quarterly net profit due to lower sales in what the company called a “challenging retail environment.” First-quarter net profit came to $119 million, or 54 cents a share, compared with $157 million, or 60 cents a share, a ye
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
TYR Sues Speedo Over LZR Racer Suit
TYR Sport has filed a federal lawsuit alleging that Speedo, manufacturer of the record-breaking “LZR Racer,” has conspired with USA Swimming to stifle competition and lure top athletes away from other companies. TYR claims Warnaco Swimwear, the parent com
Adams Golf Sees 1% Q1 Sales Gain
Adams Golf reported sales inched up 1% to $28 million for the first quarter ended March 31, compared to $27.8 million a year ago. The company reported net income of $0.8 million, or 11 cents a share, for the first quarter compared to net income of $3.8 mi
Broder Bros., Posts Loss
Broder Bros., Co.'s first quarter 2008 net sales were $196.7 million compared to $200.6 million for the first quarter 2007. Loss from operations for the first quarter 2008 was $3.9 million compared to a loss of $7.8 million for the first quarter 2007
Bob’s Stores in the Red
Bob's Stores, a division of TJX Cos., reported a segment loss of $6.94 million in the first quarter, slightly more than the $6.57 million loss the chain endured a year earlier. Sales slid 3% to $60.57 million from $64 million. Comps fell 1%…
American Apparel Q1 Comps Soar 36%
American Apparel reported total retail sales across all segments increased 65% to $63.1 million for the first quarter of 2008 as compared to $38.3 million for the same period in 2007, with same-store sales for stores open at least 12 months rising 36%…
Houlemard Takes Over Jordan Brand
Nike Inc named Keith Houlemard its new president of the Jordan brand. Houlemard, a Nike veteran of nearly two decades, most served most recently as the director of footwear merchandising in the United States. The appointment followed the resignation of J
Gaiam Posts 11.5% Q1 Sales Gain
Gaiam, Inc. reported revenue for the first quarter ended March 31, increased 11.5% to $65.2 million from $58.5 million recorded in the same period last year. Revenue for Gaiam's direct to consumer segment increased 13.8% to $38.8 million. Revenue for
Tommy Bahama/Softwalk Drive Phoenix Footwear’s Sales
Phoenix Footwear Group, Inc. reported net Q1 sales from continuing operations increased 3% to $22.0 million compared to $21.3 million a year earlier. The net sales growth included strong performances of Tommy Bahama and SoftWalk brands, which increased 34
Brunswick Corp to Close Bluewater Marine
Brunswick Corporation announced that it will cease production of its Bluewater Marine brands — including Sea Pro, Sea Boss, Palmetto and Laguna — with the upcoming 2009 model year, which commences July 1. As a result of this action, Brunswick will close
Easton’s Earnings Surge 87.3%
Easton-Bell Sports Inc. reported earnings rose 87.3% in its first quarter ended March 26, to $2.4 million, as compared to $1.3 million for the first quarter of 2007. Adjusted EBITDA for the first quarter of 2008 was $21.7 million. Net sales grew 4.3% to $
Cutter and Buck to Continue Sorenstam Collection
Cutter & Buck said it will continue its relationship with LPGA golfer Annika Sorenstam after the winner of 72 professional tournaments retires at the end of this season. The Seattle-based company has been selling the Annika Collection of women's golf
Salomon USA Names Apparel Manager
Salomon USA named Nora Stowell as its new apparel manager. She most recently was the Division Manager for Völkl Performance Wear., managing the business over the past four years in the US…
Under Armour Opens Second Store in Aurora, IL
Following the November 2007 debut of their first full-line retail store in Annapolis, Md., Under Armour will open its second in the Fox Valley Mall in Aurora, Ill., on Thursday, May 15. Like the Annapolis store, the 6,000 square foot store is designed to
FansEdge Owner Trims Losses
Dreams, Inc., the parent of FansEdge, said first quarter revenues were up 26% to a $18.5 million from $14.6 million for the same quarter in 2007. Net losses for the period were down 46% to $240,000 for the quarter ended March 31, 2008, compared to net los
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