Saks Swings to a First-Quarter Profit

Saks Inc. reported net income of $18.8 million, or 11 cents per share, during the first quarter ended May 1, compared to a loss of $5.1 million, or 4 cents a share, a year earlier…

April Retail Sales Show Continued Momentum

April retail industry sales (which exclude automobiles, gas stations, and restaurants) increased 0.5% seasonally adjusted over March and 4.6% unadjusted year-over-year. With a constantly-shifting Easter holiday, retailers typically look at March and April

NexCen Brands’ Q1 Sales Slide 16%

NexCen Brands, Inc., the parent of The Athlete's Foot, reported total revenues in the first quarter of 2010 decreased 16% to $10.0 million from $12.0 million in the first quarter of 2009. The decrease is primarily due to current economic conditions,

Shaz Kahng Named President of Lucy Activewear

VF Outdoor Americas announced that Shaz Kahng has joined lucy activewear as president. Most recently, she was the Global Director of Business Development of Women's Training at Nike, after serving as Global GM of Nike Cycling…

American Heart Association Endorses Nintendo Wii

The American Heart Association's 'Heart Check' logo will appear on the Nintendo Wii and select software titles' packaging in an exclusive arrangement. The health organization cites the Wii's fitness focus and the need to reach out

K2 Sports Rob Howland Retires

Seattle-based K2 Sports USA announced the retirement of Rob Howland as the K2 Snowboarding sales representative for the Rockies region. K2 has signed Howland's partner John Pinnick to assume Howland's responsibilities in the Colorado, Utah, and

Retail Container Traffic to be Up 10% in May

Import cargo volume at the nation's major retail container ports is expected to be up 10% in May with double-digit increases expected into this fall as the U.S. economy improves, according to the monthly Global Port Tracker report released today by t

RECALL: Niner Bikes

About 750 Niner Bikes are being recalled. A welding deficiency can cause the bicycle frames to crack along the welds of the front triangle of the bicycle. This can cause the rider to lose control and crash…