Skechers USA Inc. said it posted a loss in the 2008 fourth quarter, a loss the company attributed to the weak retail environment. Lower margins for the period were the result of the company cutting inventories to match lower consumer demands. Net sales f
Category: Apparel
Element 21 Cuts Operating Loss
Element 21 Golf Company generated fiscal Q2 revenue of $430,651, an increase of 168% compared to revenue of $255,801 in the same period in fiscal 2007…
Sport-Haley Sees Fiscal Q2 Results Tumble Across Board
Sport-Haley, Inc. reported net sales of fashion apparel in its second quarter ended December 31 were $3.2 million, a decrease of 26%, from net fashion apparel sales of $4.4 million for the comparable three-month period in the prior fiscal year…
Westfield to Cut Operating Hours
According to reports, Westfield Group will cut operating hours at most of its 55 U.S. malls. Most of Westfield Group's malls will open 30 minutes later and close 30 minutes earlier on weekdays, spokeswoman Katy Dickey said. About a third will close a
Chick’s Headquarters to Close
According to local reports, the Covina, CA headquarters for Chick’s Sporting Goods will close as its new owner, Dick Sporting Goods, continues to absorb operations…
Gander Mountain Expects Q4 Earnings to Rise
Gander Mountain Co. said it expects consolidated sales for the fourth quarter of approximately $333 million, compared to $318 million in the year-ago period, a 4.9% increase. Net income is expected to reach approximately $20 million compared to net income
K-Swiss Opens Store in
K-Swiss plans to open its first-ever running retail store in the Tienmu area of Taipei, Taiwan. To celebrate the grand opening, K-Swiss will host a high energy 10K Race in Taipei that has already attracted the maximum capacity of 2,500 runners on Sunday,
Amer Sees Novator Up Stake to 20.1%
Amer Sports Corporation reported that Novator Finland Oy has converted all of its NASDAQ OMX forward contracts into direct holdings in shares of Amer Sports Corporation representing 20.11% of the shares and voting rights…
Billabong H1 Sales Rise as EBITDA Stays Flat
Billabong reported that first half net sales jumped 22.1% as healthy growth in the company’s home Australasian market was outpaced by stronger gains in the Americas and Europe. Net sales grew to A$808.6 million ($632.6 mm) from A$662.0 million ($575.2 mm)
Chick’s Headquarters to Close
According to a report by the San Gabriel Valley Tribune, Chick’s Sporting Goods’ Covina-based headquarters will close as its new owner, Dick Sporting Goods, continues to absorb operations…
Volcom Sees Slight Q4 Increase
Volcom, Inc. said total consolidated revenues for the fourth quarter ended Dec. 31, 2008 were $69.6 million compared with $69.1 million in the fourth quarter of 2007. Total revenues in the company’s U.S. segment were $54.9 million compared with $58.9 mill
Crocs Q4 Revenues Slump 44%
Crocs, Inc. reported revenues fell 43.9% for the three months ended Dec. 31, to $126.1 million compared to $224.8 million a year ago. The comfy shoe manufacturer reported a net loss of $33.2 million, or 40 cents per share, in the latest quarter…
Ortholite Sponsors AHS and RRCA
OrthoLite has signed a sponsorship agreement as the preferred insole partner with American Hiking Society (AHS) and Road Runners Club of America (RRCA). In addition, the company will continue its sponsorship with the American Trail Running Association (AT
Orange 21 Appoints Board Member
Orange 21 Inc., the parent of Spy Optic, appointed Seth W. Hamot to its Board of Directors. Hamot has served as Managing Member of Roark, Rearden & Hamot Capital Management, LLC (“RRHCM”) since 1997 and was the owner of its corporate predecessor, Roark, R
KOR Water Expands Board of Directors
KOR Water has appointed Peter van Stolk, the founder and former CEO of Jones Soda Co., and Ravi Sawhney, founder and CEO of industrial design firm, RKS, to its Board of Directors…
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