Charlotte, N.C.-based Belk, Inc., the nation's largest family owned and operated department store, entered into a definitive merger agreement to be acquired by New York-based private equity firm Sycamore Partners. The purchase price values the firm a
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Sports Authority Announces Second Annual Online Sniagrab Sales Event
Sports Authority announced the launch of its second annual online Sniagrab sales event beginning August 28. Sniagrab (“bargains” spelled backwards) is touted as the the world’s largest ski and snowboard sale…
ASA Appoints Fishery Policy Director
The American Sportfishing Association (ASA) announced that Kellie Ralston, a fifth generation Floridian and an expert in Florida’s marine fisheries management, has joined the ASA staff as Fishery Policy Director for the Keep Florida Fishing initiati
Foot Locker’s Q2 Profits Climb on 9.6 Percent Comp Gain
Foot Locker Inc. reported second-quarter earnings jumped 29.3 percent to $119 million, or 84 cents per share, easily exceeding Wall Street's consensus estimate of 69 a share. Comps grew 9.6 percent. Said Richard Johnson, president and CEO. “We contin
Xero Shoes Hires Former Crocs Chief Sales Officer
Xero Shoes has appointed Mike De Bell, former chief sales officer for Crocs, as its VP of global sales…
Foot Locker’s Q2 Profits Surge
Led by basketball and lifestyle running footwear, Foot Locker Inc. reported second-quarter earnings jumped 29.3 percent, to $119 million, or 84 cents per share. Results handily exceeded Wall Street's consensus estimate of 69 a share…
Ross Stores Q2 Earnings Climb
Ross Stores, Inc. reported that earnings per share for the second quarter ended August 1, 2015 increased 11 percent to $259 million, or 63 cents a share, up from $240 million, or 57 cents, in the prior year. Sales for the fiscal 2015 second quarter rose 9
Bass Pro Confirms Layoffs
Bass Pro Shops confirmed that it had laid off “fewer than 60” employees at its corporate headquarters in Springfield, MO, and at a woodworking shop in nearby Nixa. It also laid off an average of six employees at most of its stores across the c
Geox Returns to Profitability in First Half
Geox S.p.A. reported revenues rose 6.7 percent in the first half, to €400.2 million ($447.1 mm). Earnings reached €1.13 million ($1.26 mm) against a net loss of €3.9 million a year ago…
The Buckle’s Q2 Earnings Dip
The Buckle Inc. reported net income declined slightly in the second quarter, to $23.5 million, or 49 cents a share, from $24.5 million, or 51 cents, a year ago…
Adidas Signs Justise Winslow
Adidas announced a partnership with Justise Winslow, the No. 10 overall pick of the 2015 NBA Draft by the Miami Heat…
SFIA Lands MSNBC Pundit as Speaker
SFIA said Steve Schmidt, the political strategist from MSNBC, will deliver a keynote address at its upcoming 2015 SFIA Industry Leaders Summit in New Orleans…
Perry Ellis Sees Dip in Q2 Golf Segment Sales
Perry Ellis International Inc. reported revenues in its golf apparel segment declined slightly in the second quarter. The drop was blamed on reduced planned liquidations from a year earlier as Perry’s golf segment focused on tighter weeks of supply
The Buckle’s Q2 Profits Slip
The Buckle Inc. reported net income declined slightly in the second quarter, to $23.5 million, or 49 cents a share, from $24.5 million, or 51 cents, a year ago…
Kappa China Sales Leap in First Half
China Dongxiang (Group) Co., Ltd., which owns the rights to the Kappa brand in mainland China and recently bought a Japanese ski brand, reported revenue grew 28.4 percent to RMB597 million ($93.2 mm) for the six months ended June 30. Net profit increased
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