lululemon athletica inc. doubled its sales in the fourth quarter on a 24% increase in same store sales after adjusting for a stronger Canadian dollar. The Vancouver, B.C.-based retailer of yoga apparel and lifestyle products said it expected comp stores
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
adidas Shifting U.S. Staff to Reg’l Offices…
Adidas America Inc. appears to be making moves to decentralize some sales operations while moving customer service and credit functions from its Portland, Ore. headquarters to its expanded facilities in Spartanburg, SC over the next six months…
Sports Belle Recovering After Fire…
Sports Belle Inc., the sports uniform supplier based in Knoxville, Tenn., is recovering after a fire on March 16 destroyed its headquarters and main factory in Knoxville. The facility employed 50 people…
Vietnam Nike Factory Remains Closed…
A strike at a Nike factory in Vietnam closed down the plant last week after a pay dispute led to a walkout by as many as 20,000 workers. Workers at the Taiwanese-owned factory went on strike last Monday at the Ching Luh factory in southern Long An provinc
Broder Bros. Records Loss on One-Time Charges…
Broder Bros., Co. reported net sales in the fourth quarter decreased 3.4% to $232.7 million compared to $240.9 million a year ago. The company’s Broder division generated fourth quarter 2007 net sales of $90.0 million, down 8.2% from $98.0 million in the
Yue Yuen Posts Double-Digit Q1 Growth; Looks for Pay Day from Retail Spin-Off…
Yue Yuen Industrial Holdings Limited posted a strong fiscal first quarter as both sales and net profit grew in the double-digits for the period ending Dec. 31, 2007. Overall net sales increased 20.2% to $1.15 billion for the quarter from $960.3 million la
Win Hanverky Ties 2008 Growth Plans to China Market…
Hong Kong-based apparel maker, distributor and retailer Win Hanverky is shifting its focus away from a stagnant U.S. economy and toward China’s booming domestic market in 2008…
Backcountry.com Goes Velo…
Online retailer Backcountry.com has begun selling cycling gear and accessories from Shimano, Fox, Sidi, Giro, Oakley, Look, Castelli, Campagnolo, Mavic, Park, Pedros, Pearl Izumi and 60 other brands. The retailer, launched ten years ago to sell climbing,
Shoe Pavilion Logs $16.3M Loss for 2007
Shoe Pavilion reported in a filing with the SEC that net sales for 2007 increased 18.2% to $152.6 million from $129.1 million. The growth reflected increased sales of $7.6 million generated from 15 new stores opened in fiscal year 2007 and a comparable st
The Walking Co. Posts Loss on Expense Growth…
Net sales at The Walking Co. increased 19.5% for the year ended Dec. 31, to $162.1 million from $135.7 million last year. The chain, which is part of Big Dog Holdings, reported that $10 million of the increase related to an 8.1% increase in comparable sto
REI Re-Elects Three Directors…
Members of Recreational Equipment Inc. elected a consultant, the CEO of the Bill and Melinda Gates Foundation and the former CEO of Land’s End Inc. to new terms on their board of directors…
Spyder Swims Up Stream; Opens Second Asian Sourcing Office…
Spyder Active Sports Inc. opened a production representative office in China to facilitate sourcing. Located in Guangzhou, approximately two hours from Hong Kong in southern China, the office will work in tandem with Spyder’s existing Bangkok sourcing
Sport Chalet Warns as Economy Worsens…
Sport Chalet Inc. warned investors it would turn in a dismal performance for the fourth quarter as sagging housing values in California, Arizona and Nevada continued to suppress spending…
Speedo: LZR Won’t Face Ban…
Speedo last week said its LZR Racer swimsuit should have no problem being the primary swimsuit used in the upcoming Beijing Olympic games despite assorted calls for banning the record-breaking product…
New Confluence CEO Settles In, Adds to Team…
When Sue Rechner was named CEO of Confluence Watersports Company in December as part of a major overhaul of the paddling industry giant, she stepped into what many saw as a pretty tough position. The company had spent another season disappointing independ
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