Denver-based online retailer eBags.com reported growth of 70.3% for Cyber Monday, the day after the Black Friday weekend known as the year's biggest online shipping day. This year's Cyber Monday was the second biggest day in company history for
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Amer Makes Appointments In Winter Sports Segment
Bernard Millaud has been named the new General Manager of Salomon Winter Sports Equipment, a position previously held by Philippe Dubé. Millaud is also now responsible for the legal entity of Salomon S.A. in Annecy and will continue in his role as General
Luxottica and Oakley Complete Merger…
Luxottica Group and Oakley completed the merger between the two companies for a total purchase price of approximately $2.1 billion. Oakley will now be a wholly-owned subsidiary of Luxottica and, as a result the combined companies expect for fiscal year 20
Nike, Inc. and Foot Locker Open House of Hoops…
Nike and Foot Locker opened the doors to House of Hoops by Foot Locker on Harlem's 125th Street, near the Apollo Theater last week. The new concept store features the Nike, Jordan and Converse brands, exclusively. The Harlem location is the first of
England’s Football Loss May Well be Nike’s Gain…
As Sports Executive Weekly toured Europe retail last week, the story in the U.K. and on the continent quickly turned to the fate of Umbro and U.K. retail in general this holiday season as England failed to qualify for the 2008 European Football Championsh
Foot Locker Posts Third Quarter Loss on Lower Sales, Store Closing Charges…
Foot Locker, Inc. reported that fiscal third quarter sales came in below expectations as a weak U.S. mall environment was joined by tough sales results coming out of Europe and a flat Canadian business. Australia was the lone bright spot, but the world’s
Dick’s Sporting Goods Exceeds Guidance in Q3 Despite Weaker Comps…
Dick’s Sporting Goods again surpassed expectations in the third quarter with higher than anticipated earnings in spite of slowing sales growth and negative comp store sales…
Hibbett Sports Sees Third Quarter Stymied By Calendar Shift; Warm Weather…
Hibbett Sports, Inc. attributed its decreased comps and sales for the third quarter largely to the shifting calendar that has plagued many retailers throughout the year. Management noted on a conference all with analysts that overall sales increased 7.8%
Shoe Carnival Q3 Earnings Fall On Weaker Comps; Athletic Makes a Comeback…
Shoe Carnival, Inc. continued to see a tough retail climate in the third quarter, as they experienced declines in almost all categories except athletic and women’s flats. Back-to-school was described as positive, but macroeconomic issues and the weather c
Pacific Sunwear Sees Third Quarter Strengthening at PacSun Stores…
Pacific Sunwear of California generated quite a bit of buzz on its quarterly conference call with analysts. The company said that it plans to reduce its dependency on footwear product by scaling back offerings at several of its mid-tier stores, while remo
Forzani Expands Canadian Sports Retail Footprint…
The Forzani Group Ltd. last week announced that it plans to acquire Athletes World Limited, a Canadian retailer of athletic and recreational footwear and apparel owned by Bata Ltd. Athletes World had filed on October 30, 2007 for protection under the Com
Asics First Half Sales Jump on U.S. Footwear Strength…
Asics Corp. reported that 2007 first half revenue increased 14.0% to ¥108.74 billion ($912.3 mm) from ¥95.40 billion ($828.1 mm) for the same period last year. Net income jumped 18.2% to ¥8.29 billion ($69.6 mm) from ¥7.02 billion ($60.9 mm)…
Converse to Sell One Start Line through Target…
Just a week after Sports Executive Weekly speculated that Nike, Inc. may pull back from the mass retail channel after it sold off the Starter license that was predominantly servicing a Wal-Mart program and hinted at scrapping the Tailwind project that was
Perry Ellis Q3 Swim Revenues Grow 20%…
Perry Ellis International said its swim business grew 20% in Q3, while action sports more than doubled. Nike swim increased penetration from spring '07 to spring '08 by 806 doors, surpassing the 6,200 door mark, growing strongly at department st
Converse to Sell to Target
Converse Inc. has reached an agreement to sell its One Star footwear and apparel collection exclusively to Target stores, beginning February 2008. The One Star collection will be supported by an integrated marketing campaign. Select sportswear and footwea
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