Foot Locker Inc. reported first-quarter earnings jumped 13.6 percent to $184 million, or $1.29 a share. Results easily topped Wall Street's consensus estimate of $1.23 a share. Same-store sales jumped 7.9 percent. Richard Johnson, president and CEO,
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Karmaloop Acquired in Bankruptcy Auction
Karmaloop, Inc., a 15-year-old online retailer specializing in streetwear, action sports and music-inspired clothing, announced that Comvest Partners, of West Palm Beach, and CapX Partners, Chicago, are acquiring all of Karmaloop's businesses, includ
Foot Locker Bangs Out Record Q1
Marking the most profitable quarter in its 100-plus years as a public company, Foot Locker Inc. reported first-quarter earnings jumped 13.6 percent to $184 million, or $1.29 a share, easily topping Wall Street's consensus estimate of $1.23 a share…
Shoes.com Raises $45 Million in Private Placement
Shoes.com raised $45 million from a non-brokered private placement of common shares. The proceeds were raised principally from existing shareholders, at a valuation of $275 million. The offering was significantly oversubscribed…
Longtime Perry Ellis CEO George Feldenkreis to Retire
George Feldenkreis, who founded Perry Ellis International in 1967, will step down as his company’s chief executive officer in January 2016. His son, Oscar, will take over day-to-day operations…
The Buckle’s Q1 Earnings Decline
The Buckle, Inc. reported earnings slid 9.9 percent in the first quarter on a 2.2 percent dip on same-store sales…
Senate Approves Fast-Track Authority
President Barack Obama on Thursday moved closer to delivering a landmark trade deal that would cut the cost of some imported footwear when the U.S. Senate voted 62-38 to move forward with a bill that would grant the president fast-track authority he needs
Ross Stores Profit Rises on Higher Sales
Ross Stores, Inc. reported earnings per share of $1.37 for the first quarter ended May 2, 2015, up from $1.15 in the prior year. Net earnings grew to $282 million…
Nike Opens Women’s Store in London
Nike opened its first women’s-only store in Europe on King’s Road in London…
PVH Launches Izod Tour+ Golf Apparel Line at Dick’s SG
PVH Corp.announced the launch of the Izod Tour+ golf apparel line. Izod brand ambassador and 2012 U.S. Open champion Webb Simpson debuted the line at the 2015 Masters Tournament and it is now available to consumers exclusively at select Dick’s Sport
Escalade Sports Recognized for Exports Success
Escalade Sports has been recognized as a recipient of the President's “E” Award for Exports by the United States Department of Commerce for its achievement in making significant contributions to the increase of U.S. exports. The President’s 
RECALL: Valor Athletics Weight Bench
About 100 weight benches from Valor Fitness are being recalled…
Shoes.com Completes $45 Million Dollar Non-Brokered Private Placement
Shoes.com announced the closing of a non-brokered private placement of common shares. The company raised net proceeds of approximately $45 million…
Ogio Launches Worldwide Marketing Campaign
Ogio is rolling out the company's most comprehensive brand initiative showcasing its Silencer Golf Bag collection…
Nathan Launches Inspirational Running Video Campaign
Nathan, a leader in hydration and visibility gear, introduced a new user-generated video campaign, “Journeys in Running.” The initiative calls for runners of all levels to share their personal stories…
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