Only six months after Meijer announced the opening of its first Skechers concept shop inside its Knapp's Corner store, the Grand Rapids, MI-based retailer announced that it's duplicating the shoe shopping experience in four more stores this fall
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Former PSG Chairman to Not Seek Board Seat
In a press release, W. Graeme Roustan, the former chairman of Performance Sports Group who had been seeking a seat on the company's board, indicated he will “forgo standing as a director nominee for the time being.” He also accused PSG's Chairma
Nike Crushes Earnings Expectations
Fighting off significant currency-exchange headwinds, Nike Inc. reported earnings rose 22.6 percent in the first quarter ended August 31, to $1.8 billion, or $1.34 a share. Results easily eclipsed Wall Street's consensus estimate of $1.19…
Finish Line’s Comp Gains Decelerate in Q2
Finish Line Inc.’s earnings slid 1.1 percent in the second quarter ended Aug. 29, to $25.9 million, or 57 cents a share, matching Wall Street's consensus estimate…
Performance Sports Group Avoids Proxy Fight
Former Performance Sports Group Chairman W. Graeme Roustan suspended his campaign to be elected a director of the company “for the time being” while accusing PSG’s current Chairman Bernie McDonell of making “unfounded attacks on his character.”..
Finish Line’s Q2 Earnings Show Modest Decline
Finish Line Inc. reported earnings slid 1.1 percent in the second quarter ended Aug. 29, to $25.9 million, or 57 cents a share, matching Wall Street's consensus estimate. Finish Line's comparable store sales increased 1.5 percent. The company re
Asics Listed in Dow Jones Sustainability Asia/Pacific Index
Asics Corp., has been selected for the first time as a component company in the Dow Jones Sustainability Asia/Pacific Index…
Foot Locker Partners with James Harden on Twitter Campaign
Foot Locker, Inc. announced NBA star shooting guard James Harden will engage with Foot Locker fans for “Play My Tweet,” a unique social media activation…
Life Fitness To Expand Minnesota Factory
Life Fitness, the maker of fitness equipment, broke ground at its Ramsey, MN, factory to make way for a nearly 50,000-square-foot expansion…
Rhone Secures $5 Million in Equity Funding
Rhone, the men's activewear upstart, closed on a $5 million Series A financing with a number of prominent investors…
Running Specialty Group to Rebrand Banners to JackRabbit
The Running Specialty Group (RSG), an operating segment of The Finish Line, Inc., announced a strategic, gradual rebranding initiative to evolve its entire family of specialty running destinations under one unified brand – JackRabbit. The company will beg
Asics Trims 2015 Earnings Outlook
Asics Corp raised its sales forecast for the year, but cut its earnings targets due to currency fluctuations and non-recurring charges…
Nike Q1 Blows Past Street Estimates
Nike Inc. reported earnings rose 22.6 percent in the first quarter ended August 31, to $1.8 billion, or $1.34 a share, easily above Wall Street's consensus estimate of $1.19. Revenues rose 14 percent on a currency-neutral basis with Nike Brand ahead
Holiday Sales Expected to See Modest Rise
Deloitte said it expects revenues to climb 3.5 to 4 percent during the November-to-January holiday period. The gain represents a pullback from a 5.2 percent gain seen over the same period a year ago…
N12 Technologies Raises $23 Million
N12 Technologies Inc., the nanotechnology start-up, closed on a financing totaling over $23 million…
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