Fila said it completed the sale of the subsidiaries comprising Fila's European, Middle East, African and Indian businesses to the European based management team and has entered into a long-term license for the Fila brand in the EMEA region. The manag
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Foot Locker Q4 Net Tumbles 61% Before Charges
Foot Locker, Inc. reported net earnings in the fourth quarter fell 23% to $87 million, or 56 cents a share, from $113 million, or 72 cents, a year ago. Income from continuing operations dropped 21.8% to $86 million, or 55 cents a share, this year as compa
Timberland Increases Stock Buyback Program
The Timberland Co. announced that its Board of Directors has authorized the repurchase of up to an additional six million shares of the company's Class A Common Stock. This additional program supplements the company's current six million share a
Dussault Apparel to Acquire Dayton Boots
Dussault Apparel, Inc. has signed a non-binding Letter of Intent to acquire Vancouver's legendary Dayton Boots Enterprises, Inc. Dayton, which sells shoes and boots through retailers across Canada, has been led since February 2007 by CEO Stephen Enca
Report: Callaway Splits with Ad Agency
Callaway Golf has split with its ad agency, WPP Group's Y&R, according to Adweek. The trade magazine also said that earlier this year, director of marketing Scott White left Callaway to join competitor TaylorMade…
L.L. Bean 2007 Sales Advance 5.5%
L.L.Bean reported sales in its fiscal year ended February 24 reached $1.62 billion, a 5.5% increase over 2006. The company also announced that its Board of Directors approved a cash award of 5% of annual pay to eligible employees, a payout of approximatel
Orvis to Support Teton Creek Restoration Project
As part of a year-long campaign to raise funds for Yellowstone cutthroat trout habitat restoration on Teton Creek in southern Idaho, Teton River's (FTR) Teton Creek Restoration Project is being featured on a full page in the Orvis spring and summer f
Stein Mart’s Comps Tumble 10.4%
Stein Mart, Inc. reported comparable-store sales fell 10.4% during February. Total sales declined 7.8% to $96.1 million from $104.3 million…
Neiman Marcus Same-Store Sales Fall
Neiman Marcus Inc. said same-store sales fell 7.4% in February. Total revenue fell 5.4% to $288 million from $305 million. Revenue growth trends were the strongest in the company’s stores in Texas and New York City…
Saks Sees 3.4% Comp Gain
Saks Inc.'s comparable store sales increased 3.4% for the four-week period ended March 1. Total sales reached $227.6 million, up from $219.9 million a year ago. For February, the strongest categories at Saks Fifth Avenue were men’s shoes, accessories
BJ’s February Comps Rise 5.9%
BJ’s Wholesale Club, Inc. reported that sales for February 2008 increased by 9% to $655.7 million from $601.8 million. On a comparable club basis, sales increased by 5.9%, including a contribution from sales of gasoline of 2.7%. Comp gains exceeded 6% in
Costco’s U.S. Comps Climb 5%
Costco reported net sales of $5.11 billion for the four weeks ended March 2, an increase of 11% from $4.59 billion a year earlier. Total comps rose 7% with gains of 5% in the U.S. and 18% internationally…
Dillard’s Feb. Comps Slide 2%
Dillard’s, Inc. reported same-store sales slid 2%. Net sales were $581.6 million compared to $593.2 million a year ago. Sales were above the average company trend in the Western region and consistent with trend in the Eastern and Central regions…
Nordstrom’s Feb. Comps Drop 5.8%
Nordstrom, Inc. reported sales decreased 3.3% to $529 million from $547 million. Same-store sales decreased 5.8%. Comps fell 5.8% at its full-line stores and tumbled 8.3% at its Rack off-price concept…
HEAD Renews Beach Tennis USA Sponsorship
HEAD Penn Racquet Sports and Beach Tennis USA have renewed their partnership for another year. HEAD will serve as the official racquet and Penn will be the official ball for all the events comprising BTUSA's 2008 National Tour, including the season-e
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