Pacific Sunwear of California, Inc. reported sales from continuing operations for the fourth quarter decreased 7.8% to $420.1 million from $455.8 million. Same-store sales decreased 2.2%. By concept, PacSun same-store sales increased 2.1% and demo same-st
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Hibbett Lowers FY08 Guidance
Hibbett Sports, Inc. reported net income in the fourth quarter fell 35.7% to $8.1 million, or 26 cents a share, from $12.6 million, or 39 cents, a year ago. Sales in the fourth quarter declined 5.5% to $142.8 million from $151.2 million a year ago. Compar
Road Runner Sports Continues Eastern Expansion
Road Runner Sports opened its first store in the Washington, D.C. area, continuing its recent expansion into the eastern part of the country. The store in Falls Church, VA, follows recent openings in North Brunswick, NJ; and Columbia, MD. Road Runner Spor
Dick’s Sporting Goods Q4 Net Income Beats Estimates
Dick's Sporting Goods said fourth-quarter net income rose 8% to $73.2 million, or 62 cents a share, topping recent guidance calling for 60 to 61 cents a share. A year ago, the company posted net income of $67.7 million, or 60 cents a share, for the f
Collective Brands Posts Loss
Collective Brands reported revenues in the fourth quarter rose 12.1% to $776.8 million as a result of the acquisition of Stride Rite. The period showed a net loss of $46.6 million, or 73 cents a share. Excluding the impact of purchase accounting, the net
Doug Kelly Out at Russell Athletic
Doug Kelly, who joined Russell Athletic as president about a year and half ago, is leaving the company to pursue other interests. No new president will be appointed. Kelly's duties will be divided among several Russell executives: Gary Barfield, Matt
Shirts and Skins Moves Headquarters
Shirts & Skins, Inc. (S&S), the producer of basketball uniforms, recently announced plans to move its corporate office/warehouse to Tualatin, Oregon, a suburb of Portland, in Mid-February of 2008. The new building will be approximately 15 miles from its c
adidas Group Passes € 10 Billion Mark in 2007…
Last year at this time adidas Group Chairman and CEO Herbert Hainer said that returning Reebok to growth would be the Group’s highest priority in 2007. That didn’t happen. The division, which includes the Rockport business as well as Reebok CCM Hockey,
Kelly Out at Russell Athletic
Fruit of the Loom continues to remove layers of management between CEO John Holland and the operating units at the companies acquired in the Russell Corp. deal. Doug Kelly, who joined Russell Athletic as president in September 2006, is leaving the company
February Sees Comps Rise, But Shows Signs of Concerned Consumer
Though the outlook seems to be bleaker for the economy with each passing day, February actually posted modest sales gains for the retail month. Unfortunately, those gains can likely be simply attributable to the increased cost of staples than to any consu
PacSun Continues to Climb Back, Zumiez Posts First Comp Decline Since IPO…
Pacific Sunwear of California, Inc. saw a 7% increase in net sales for the fiscal month of February to $77.6 million from $72.5 million during the same period last year. At the PacSun concept, same-store sales increased 6% during the same period. Also res
Finish Line Posts Q4 Decreases at Both Concepts
The Finish Line, Inc. reported consolidated net sales from continuing operations of $382.8 million for the fourth quarter ended March 1, 2008, down 10.1% from $425.7 million for the year-ago quarter, which included an extra week’s sales…
Genesco-The Finish Line Merger Fight Settled on Eve of Trial…
Nearly nine months after saying they would merge, mall-based retailers Genesco Inc. and The Finish Line Inc. scuttled their ill-fated $1.5 billion merger and the biggest deal to come out of the mall in 2007…
Quiksilver Continues to See Losses From Rossi Business…
Quiksilver, Inc. reported strong sales growth in its softgoods businesses that was more than enough to offset declines in the Rossignol business it is in the process of trying to divest. The company said it is seeing interest in the business and feels it
Famous Footwear Fourth Quarter Profits Fall…
Hurt by lower sales and a highly promotional climate, Famous Footwear's fourth quarter operating earnings fell 40% to $13.4 million from $22.5 million a year ago. On a conference call with analysts, Joe Wood, president, Brown Shoe Retail, noted that
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