Eddie Bauer Holdings reported net income for the fourth quarter of $63.2 million, or $2.11 per share, compared to a net loss of $12.8 million, or 43 cents, in the fourth quarter of 2005. Revenues increased 1.5% to $381.9 million from $376.4 million a ye
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Nike to Expand Agency Roster
Nike has decided to expand its creative agency roster, and will begin moving some pieces of business away from longtime agency Wieden & Kennedy, a company spokesman told AdAge.com. Said Dean Stoyer, Nike's U.S. media relations director. “Our recent a
Frozen February Slows Retail Comp Sales Growth
As blizzards and freezing temperatures swept across much of the country in February, consumers were left sitting at home waiting for the spring thaw to finally arrive. Retailers, meanwhile, were left waiting for those very consumers to return to the cash
Iconix Brand Group Acquires Rocawear.
In its biggest acquisition yet, Iconix Brand Group reached an agreement to buy Rocawear for $204 million. Another $35 million may be included in the purchase price based upon the brand passing certain pre-determined performance thresholds over the next 3
L.L. Bean Tops $1.5 Billion; Will Continue Expansion Plans.
L.L. Bean reported net sales of $1.54 billion for its 2006 fiscal year ended February 27, a 4.6% increase over 2005 net sales of $1.47 billion…
SGMA: Sporting Goods Industry Hits $66 Billion
According to SGMA’s annual The State of the Industry report, wholesale sales in the sporting goods industry increased 7.6% to $66.44 billion during 2006, up from $61.75 billion in 2005. This top line number includes sales of athletic footwear, apparel and
Famous Footwear Profits Soar 49.2% in Q4.
Brown Shoe Co. reported fourth-quarter operating profit at the Famous Footwear chain jumped 49.2% to $22.5 million. Revenues grew 13% to $320.9 million on a 2.9% comp gain. Famous Footwear’s bottom line was helped by an increase in regular-priced sales a
Fleet Feet Boasts 17.5% Comp Gain in 2006
Fleet Feet recorded 19.9% growth in sales in 2006 surpassing $63 million in revenue compared to $52 million in 2005. Comp-store sales were up 17.5% on top of the 16.1% increase posted in 2005. The franchisor expects to add 7 more franchisees this year…
Payless to Acquire Collective
Payless ShoeSource inked a deal to acquire Collective International, a licensing platform that manages the Airwalk, Vision Street Wear, Lamar, Sims, LTD, genetic, Dukes, Rage, Ultra-Wheels and Skate Attack brands. When the deal closes, Collective will bec
Franklin Sports Underwrites SGMA Show Fees
Access to SGMA Spring Market is extended free of charge to all attendees registering through March 31, thanks to Franklin Sports, which is underwriting this month’s attendee registration fees – a savings of $50 per attendee…
NBA Sees Record All-Star Sales
The NBA said that on-site retail merchandise sales during All-Star 2007 in Las Vegas increased by 54% versus the prior sales record set in Los Angeles in 2004…
Sunglass Hut’s Turnaround Continues
Riding a new effort to reach more fashion-forward customers, Sunglass Hut just completed a two-year run of 32% comp gains in its North American stores, or about 16% a year…
Golf Town Sees 15% Annual Sales Increase
A strong fourth quarter led to a strong fiscal year for Canadian golf-specialty retailer Golf Town. For the fourth quarter, which ended December 31, 2006, net sales increased 16.4% to CA$37.7 million ($33.1 mm) from CA$32.4 million ($27.6 mm) on a 4.0% co
Life Fitness Inks iPod Deal
Life Fitness, a division of Brunswick Corporation, said it plans to offer seamless integration with Apple Inc.’s iPod players in several of its upcoming products…
Russell Corp. to Close Finishing Plant
Russell Corp. plans to close a plant in Alexander City, AL. More than 400 workers at the plant learned last week that they will be losing their jobs when the plant closes later in the year. Some of the 425 employees will be let go as early as March 12 and
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