Deckers Outdoor reported sales increased 2.7 percent in the third quarter, to $386.7 million compared to $376.4 million for the same period last year with modest gains from Ugg, Teva and Sanuk. Earnings slid 23.2 percent to $33.1 million, or 95 cents a sh
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Under Armour Profit Rises 27 Percent; Ups Full-Year Outlook
Under Armour Inc. reported earnings rose 26.9 percent in its third quarter ended Sept. 30, to $72.8 million, or 68 cents a share, exceeding Wall Street's consensus estimate of 66 cents. Revenues jumped 25.7 percent to $723.1 million, led by strong do
Nordstrom Rack Sets Openings for Tulsa and Columbus
Nordstrom Rack will open stores at Woodland Plaza in Tulsa, OK as well at Sun Center in Columbus, OH. Both stores will open in Spring 2014…
PHIT America Announces Female Celebrity Ambassadors
PHIT America – the non-profit education and advocacy organization designed to combat the nation’s inactivity and obesity crisis – announced LPGA star Ryann O’Toole, USA Water Polo four-time Olympic medalist Heather Petri and USA Softball two-t
Rack Room Shoes Supports Shoes That Fit Charity
This fall, Rack Room Shoes donated more than $555,000 to the national non-profit organization, Shoes That Fit. The family footwear retailer raised the funds through its annual Shoes That Fit campaign that provides children in need with new shoes for the s
Skechers Q3 Profits More Than Double
Skechers USA, Inc. reported earnings jumped 143.6 percent in its third quarter ended Sept. 30, to $26.8 million, or 53 cents a share, compared to net earnings of $11.0 million, or 22 cents, a year ago. Revenues climbed 20.1 percent to $515.8 million compa
Under Armour to Open Store in Mclean, VA
Under Armour revealed plans to open the company’s newest Under Armour Brand House specialty retail store on Thursday, Nov. 7th, in McLean, Virginia’s Tysons Corner Center…
Quiksilver to Sell Mervin Manufacturing
Quiksilver, Inc., the parent of DC Shoes, reached a definitive agreement to divest its snowboard subsidiary, Mervin Manufacturing, Inc., to Extreme Holdings, Inc., an entity advised by Altamont Capital Partners. The all cash transaction is expected to clo
Patagonia Promotes John Collins to VP of Global Sales
Patagonia Inc. formally announced the promotion of John Collins as the company’s new VP of global sales, effective immediately. He served as VP of the America’s and Asia Pacific for the last three years…
Sof Sole Signs On as Sponsor of Rock ‘n’ Roll Raleigh Marathon
Sof Sole will be partnering with Competitor Group, Inc. to sponsor the Rock ’n’ Roll Raleigh Marathon & 1/2 Marathon in April 2014. The Triangle-based footcare company has been the official insole of the nationwide Rock ‘n’ Roll Ma
Patagonia to Offer Fair Trade-Certified Apparel in 2014
Patagonia Inc. announced plans to offer Fair Trade Certified apparel starting with nine styles in the Fall 2014 season. Most widely known as a certification for coffee or chocolate, Fair Trade USA has spent the past three years developing an apparel stand
Cramer Products to Introduce Protective Football Apparel
Cramer Products plans to offer protective football apparel including girdles, shirts, jerseys and pants for the first time in its 95-year history…
Kohl’s to Open on Thanksgiving Day
Kohl's became the latest department store chain to announced plans to open its doors at 8 p.m. on Thanksgiving Day, kicking off its Black Friday event earlier than ever. Macy's and JC Penney announced similar moves…
Dr. Martens Close to Sale
The private equity firm Permira was close to acquiring Dr. Martens, according to an Oct. 17 report by theguardian.com. The R. Griggs Group, the family business that owns Dr. Martens, is in talks for a deal that could be worth roughly £300 million, or $484
Under Armour Elevates Executives, Names SVPs
Under Armour announced that two of its top leaders are assuming elevated roles within the organization. Kip Fulks has added president of product to his current responsibilities as chief operating officer, while Henry Stafford is now serving as president o
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