Brown Shoe Co.’s profits rose 12.4 percent in the third quarter, prompting the company to adjust its earnings forecast a bit higher for the rest of the year. While the family shoe chain saw some of the same traffic challenges reported by other retai
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
ComScore Forecasts 14 Percent Holiday E-Commerce Growth
ComScore reported that it expects online retail spending this holiday season using desktop computers for the November–December period will reach $48.1 billion, representing a 14-percent gain versus year ago. This growth rate is very similar to last season
DSW Offers Cautious Holiday Guidance
DSW Inc. said that although traffic and sales improved in October, comparable sales decreased 0.7 percent in its third quarter. The off-price footwear chain consequently slightly lowered its sales guidance for the year…
NHL Players Launch Concussions Lawsuit Against the League
A class action lawsuit has been filed by a group of former NHL players over concussion injuries. Bill Daly, deputy commissioner of the National Hockey League, released a statement supporting the way the League and the Players' Association have manage
Spalding to Launch Footwear Division
Russell Brands, LLC, owner of the Spalding trademark, and the world's largest basketball equipment supplier, is launching a new footwear division and looks to become a total solution for the basketball category spanning equipment (backboards, inflata
Feetures! Nominated for IRRA Award
Feetures!, the performance sock brand, has been selected by the Independent Running Retailer Association as a nominee for Vendor of the Year. Other companies nominated include industry heavyweights like New Balance, Brooks, Saucony and Superfeet…
Gander Mountain Announces Three New Stores
Gander Mountain is opening stores in Northeast Georgia, metro Atlanta and the Florida Panhandle…
Under Armour to Sponsor National Lacrosse League
The National Lacrosse League announced Under Armour as the league’s new exclusive supplier of performance apparel, footwear & equipment through the 2016 season…
Shoebuy.com Relaunches Website
Shoebuy.com relaunched its website with an updated look and feel for its web properties, designed to bring more streamlined and visually appealing shopping to its customers…
Youth Sports and Sports-Related Travel Deemed Recession Resistant
According to Sports Travel Magazine, youth sports and sports-related travel have remained steady, despite the Great Recession. The magazine found that 27 percent of all trips taken last year were for the sole purpose of attending an organized sporting eve
Curves Launches New Performance, Lifestyle Apparel Line
Curves International, Inc., the largest chain of fitness centers for women, announced the introduction of an exclusive line of workout wear that's both functional and flattering. The new line includes 20 new pieces..
Patagonia to Release Black-Friday Alternative Film
Timing the release to Black Friday and Cyber Monday shopping mania, Patagonia said the Malloy family, Patagonia surf ambassadors, have produced Worn Wear, a short film that explores “the quality of the things we own and the lives we live.”…
Doug McMillon Elected CEO of Wal-Mart Stores, Inc.
Wal-Mart Stores, Inc. announced that its board of directors elected company veteran Doug McMillon, 47, to succeed Mike Duke, 63, as president and chief executive officer, effective Feb. 1, 2014…
Hibbett Sports’ Q3 Profit Declines Despite Comp Gain
Hibbett Sports, Inc. reported third-quarter earnings slid 9 percent due to a shift in the retail calendar but still came in a penny above Wall Street's consensus estimate. Revenues increased 2.5 percent to $208.0 million with same-store sales ahead
Foot Locker Q3 Tops Street Estimate on 4 Percent Comp Gain
Foot Locker, Inc. reported third-quarter earnings dipped 1.9 percent to $104 million, or 70 cents a share, but still came in ahead of Wall Street's consensus estimate of 66 cents a share. Sales increased 6.4 percent, to $1,62 billion while comparable
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