Collectible Concepts Group, Inc. announced that it intends to initiate a search for the acquisition of companies in the sports marketing or licensed products industries…
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Everlast Signs International Boxing License
Everlast Worldwide Inc. signed a worldwide license agreement with The International Boxing Association (AIBA) to be an official licensee for competition gloves and headgear. This four year agreement will allow Everlast gloves and headgear to be used aroun
Everlast Investor Criticizes Bid Process
Aquamarine Capital Management LLC, a shareholder of Everlast Worldwide Inc., asked the boxing equipment maker to reconsider a buyout offer from New York-based Hidary Group. Aquamarine said Everlast's refusal to negotiate with Hidary may represent a b
Lululemon Shrinks IPO Offering
Lululemon Athletica Inc. said in a filing on Friday that it is shrinking the size of its initial public offering by nearly 10 percent, to 16.4 million shares from 18.2 million. The investors plan to sell 14.1 million shares, down from an earlier plan for
Gottschalks Comps Drop 4.3%
Gottschalks Inc. reported same store sales for the month of June decreased 4.3%. Total sales for the month fell 5.8% to $57.5 million. The department store operator now expects a second quarter loss and full year earnings to come in below prior year'
Dillard’s Comps Slip 1% for June
Dillard's, Inc.'s comparable stores decreased 1% iin June. Sales for the five weeks ended July 7, were $620.7 million compared $622.8 ,810,000. Total sales were unchanged on a percentage basis for the five-week period…
Big 5 Cuts Guidance on First Quarterly Comp Decrease in Over Eleven Years
Big 5 Sporting Goods same store sales declined 0.2% for the fiscal 2007 second quarter, representing its first quarterly comps decrease in over eleven years. Net sales increased 2.9%, to $217.8 million from $211.8 million for the second quarter of fiscal
Target’s June Comps Climb 3.3%
Target Corp reported that its net retail sales for the five weeks ended July 7, 2007 increased 7.6% to $5,479 million from $5,093 million for the five-week period ended July 1, 2006. On this same basis, comparable-store sales increased 3.3%. In the prior
Ross Stores Posts 4% Comp Gain
Ross Stores, Inc. reported sales of $545 million for the five weeks ended July 7, 2007, an 11% increase over the $490 million in sales for the five weeks ended July 8, 2006. Same store sales grew 4%…
Neiman Marcus Reports 6.4% Comp Jump
Neiman Marcus reported comparable stores rose 6.4% in June. Total revenues increased 8.8% to $406 million from $373 million…
Saks’ Comps Fall 5.6%
Saks Incorporated announced that owned sales totaled $237.6 million for the five weeks ended July 7 compared to $247.3 million for the five weeks ended July 1, 2006, a 3.9% decrease. Comparable store sales decreased 5.6%…
Macy’s Same-Store Sales Down 2.7% in June
Macy’s, Inc. reported same-store sales dropped 2.7% in June. This compares with the company's guidance for comps to be flat to down 2 percent in June. Given the softer sales, Macy's now expects second quarter earnings to be in the range of 20 to
TJX’s Comps Grow 5%
The TJX Companies, Inc. reported consolidated comparable store sales increased 5% for the five-week period ended July 7. Total sales were up 9% to $1.7 billion from $1.5 billion…
GSI Commerce Partners with Nautica/Kipling
GSI Commerce Inc. announced that it has signed a multiyear agreement with a subsidiary of VF Corporation for the Nautica and Kipling apparel brands. GSI will provide both the Nautica and Kipling brands with technology, customer care, order processing and
Sports Direct buys U.K. Outdoor Retailer, Field and Trek
Sports Direct has acquired a 60% interest in U.K. outdoor clothing and equipment retailer Field & Trek for £5 million (U.S. $10 million.) The U.K. sporting goods chain also has an option to acquire the remaining 40% in the next five years for a further
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