TJX Cos. Inc. announced the sale of Bob's Stores to a pair of private equity firms, Philadelphia-based Versa Capital Management and Boston-based Crystal Capital. Financial terms were not revealed, but TJX said the sale would generate $23 million in
Category: Apparel
Foot Locker Sees Strength in Marquee Drive Q2, Adds Excitement for H2
Foot Locker had a strong second quarter as sales increased slightly and the retailer swung to a net profit after a year-ago loss with help from a leap in gross margins. Even more promising was a 3.5% decline in inventory at quarter-end versus the same ti
Zumiez Sees Increased Q2 Sales, Lowers Guidance On Back Half
Zumiez Inc. said in an earnings conference call on Aug. 21 that total net sales for the second quarter ended Aug. 2, 2008 increased by 12.5% from last year. The company also lowered its guidance for the second half of 2008…
Dick’s Sporting Goods Beats Q2 Guidance on Private Brand Strength
Although Dick's Sporting Goods earnings fell during the second quarter, they weren't as bad as expected, thanks to slightly better-than-expected sales and margins. The big surprise was the 46 basis point improvement in merchandise margins, partl
Perry Ellis Suffers Q2 Loss, but Swim, Golf Strong
Perry Ellis International, Inc. reported a net loss for the second quarter with management describing this as the toughest quarter since the company went public. However, sales were good for the golf and swim segments of the company’s business. Overall, t
Legislation Approved for Consumer Safety Act
The House and Senate have approved legislation on the “Consumer Product Safety Improvement Act of 2008,” the first major consumer product safety legislation passed by Congress in over a decade. Originally passed by the House in a unanimous vote on Dec. 19
SGMA: Women Dominate Fitness Participation
According to the Sporting Goods Manufacturers Association’s (SGMA) recently released Sports Participation in America report, women represent more than half of the participants in 18 of the 27 fitness activities SGMA studies. The research also found that t
Interbike Expects Attendance to Surge 21%
Resurging interest in bicycling appears to be pushing up interest in the industry’s primary trade show. More than 13,000 individual buyers, representing close to 3,000 bicycle storefronts have pre-registered to attend Interbike International Bicycle Expo
Interbike Sees Pre-Reg Up
Resurging interest in bicycling appears to be pushing up interest in the industry’s primary trade show. More than 13,000 individual buyers, representing close to 3,000 bicycle storefronts have pre-registered to attend Interbike International Bicycle Expo
Pipeline Forms Licensing Agreement with Mikshag
PIPELINE International announced a new licensing agreement with Mikshag, Inc. to create an extensive line of apparel, swimwear and outerwear for young men and juniors. Mikshag will design, produce, and distribute PIPELINE branded product through sporting
Collective Licensing Licenses Airwalk to Forzani Subsidiary
Collective Licensing International, LLC has signed a license agreement with sporting goods wholesaler Intersport North America Ltd. (“INA”), a subsidiary of The Forzani Group Ltd., to market and sell Airwalk branded footwear in the United States and Visio
Eastern Mountain Sports Launches Website
Eastern Mountain Sports announced the launch of mntnLIFE.com, an outdoor community website where consumers can access free trail data, share tips about their favorite destinations, and plan same-day trips. Content for the website is driven by professional
RECALL: Amsterdam model bicycles
The U.S. Consumer Product Safety Commission, in cooperation with Electra Bicycle Company, LLC of Vista, California, has announced a voluntary recall of Amsterdam model bicycles. Consumers should stop using the bikes immediately unless otherwise instructed
Phoenix FW Continues to See Sales Drop in Q2
Despite double-digit growth from Tommy Bahama, Phoenix Footwear Group, Inc. saw net sales from continuing operations drop 10% to $17.9 million for the second quarter of fiscal 2008, compared to $19.8 million for the same quarter last year…
Paddlesports Groups Agree to Merge
The president and executive director of the Paddlesports Industry Association (PIA) and the Trade Association of Paddlesports (TAPS) have signed a memorandum of understanding (MOU) outlining a process and schedule to unify the two paddlesports association
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