The Copeland family, former owners of Copeland's Sports and current downtown developers, have made a $1 million donation to the San Luis Obispo Children’s Museum in honor of the late family matriarch Thelma Copeland…
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
American Apparel’s Comp’s Surge 27%
American Apparel, Inc. reported that for the month ending April 30, comparable store increased 27% over the year ago period. For the year-ago period, comps advanced 17%. The company did not provide total sales figures for the month…
Adidas Q1 Profit Climbs 32%
Adidas AG Tuesday reported net profit jumped 32% to 169 million euros ($261.7 million) from 128 million euros a year earlier. Revenue rose 3.3% to 2.62 billion euros ($4.05 billion) from 2.54 billion euros. Group sales increased 10% on a currency-neutral
Adidas Wins $305 Million Verdict Against Collective Brands
Collective Brands Inc. on Tuesday said a $305 million verdict against the footwear maker and retailer related to an Adidas lawsuit is “excessive and unjustified.” On Monday, a federal jury in Portland has ordered Payless Shoesource Inc. to shell out $304.
Nike/Finish Line Launch Running/Training Concept
Nike and The Finish Line, Inc. announced the opening of a new retail experience called Finish Line Ltd customized to meet the needs of young running and training athletes. The concept store is located at the Chandler Fashion Center near Phoenix, Arizona..
Walking Company’s Q1 Comps Slide 0.5%
Big Dog Holdings Inc., the parent of The Walking Company, reported sales for the first quarter ended March 31, were $46.4 million, a 5% increase compared with $44.2 million a year ago. The revenue gain reflects the addition of 41 net new The Walking Compa
Kenneth Cole’s Q1 Wholesale Revenues Down 10.7%
Kenneth Cole Productions, Inc. reported first quarter net revenues of $122.5 million and earnings per fully-diluted share of $0.04, both in line with its recent guidance. Consumer Direct revenues for the quarter were $38.5 million, an increase of 4.3%, re
Deckers Acquires TSUBO
Deckers Outdoor Corporation announced that it has acquired 100% of the ownership interest of TSUBO, LLC. The purchase price is approximately $6 million in cash plus a potential future earn-out, subject to customary working capital adjustments. The company
Russell Partners with Pop Warner
Pop Warner Little Scholars, Inc., the world's largest non-profit youth football and cheerleading organization, and Russell announced an exclusive five year partnership agreement from 2008-2012. Russell also retains the option to extend the agreement
Performance Training: Will the Hype Pay Off?
Whether consumers or retailers are ready for it, the cross-training category is about to attempt a rebirth. The revival, which is now being heralded by major marketing campaigns touting Under Armour’s performance trainer introduction, as well as Nike’s SP
Under Armour Reduces Profit Outlook as High Inventories Cut into Margins…
Under Armour Inc. posted another solid quarter for sales growth, but a sharp increase in marketing expenses and tighter margins cut into profits as net income plunged more than 71% compared to the year-ago period. The company is still struggling with the
K-Swiss Sees Domestic Weakness Flow into International Business in Q1…
K-Swiss, Inc. continued to see a downturn in its domestic business but the first indications of a decline in the international business have now begun to show as well. First quarter results were said to be in line with company expectations, but revenues
Amer Sports Starts 2008 With Tough Quarter…
Amer Sports had another difficult quarter in Q1 as sales declined in the mid-singles due to weakness at Precor and Wilson and a slumping U.S. dollar hurt results for the Finland-based company. The company did however manage to shrink its quarterly loss by
Cabela’s Gets Q1 Lift from Improving Margins…
Store efficiency initiatives have begun to yield results at Cabela’s Inc., which said its operating income spiked 70% in the first quarter despite an 8.4% decline in same store sales. Net income rose more than twice as fast as revenues thanks to improved
Timberland Sees Q1 Upside from Expense Cuts; Revenues Still Weak…
The Timberland Company is hoping that steps taken during 2007 will set the foundation for future growth and healthier profit margins. The results for the 2008 first quarter reveals a weak top-line that did see some sequential improvement, but the bottom l
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