With leaders of the long-running anti-sweatshop movement heralding it as their biggest victory to date, Russell Athletic agreed to open a plant in Honduras as a unionized factory and rehire 1,200 workers who had lost their jobs when Russell closed a facto
Category: Footwear
ATF Authorizes Manufacturers to Streamline Required Firearms Markings
The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) issued a ruling authorizing licensed manufacturers who perform a manufacturing process on firearms for another licensed manufacturer not to place their serial numbers and other required identif
Dick’s Sporting Goods Triples Third Quarter Net; Cuts Q4 Outlook
Dick's Sporting Goods Inc reported third-quarter earnings more than tripled with the help of higher sales and lower expenses, handily topping Street estimates. But shares fell 10% last week after it projected that the fourth quarter would fall short
Pheasants Forever Adds Conservation Program Experts in North Dakota
Pheasants Forever is expanding its Farm Bill Biologist program in North Dakota with the addition of two new positions created in partnership with the U.S. Department of Agriculture’s Natural Resources Conservation Service (NRCS) and local Soil Conse
Shoe Carnival Posts Breakout Third Quarter
Shoe Carnival, Inc. attributed its strong third fiscal quarter performance to a large selection of value-priced name brand footwear that resonated well with consumers. Higher-than-expected sales of athletic product during the back-to-school season and ver
Pou Sheng Sees Fiscal Year Loss
Pou Sheng International (Holdings) Ltd., the retail arm of footwear maker Hong Kong-based Yue Yuen Industrial (Holdings) Ltd., said it expects to show a net loss in the fiscal year ended Sept. 30…
Foot Locker Posts Q3 Loss On Weaker U.S. Business; Europe Starts to Improve
Foot Locker, Inc. saw the U.S. business remain a challenge in the fiscal third quarter, but also saw some improvement on a quarter-by-quarter sequential basis in both the U.S. and European businesses. The U.S. weakness was also cited as the primary reaso
Hibbett Sports Gets Q3 Boost from Greater Focus on Performance
Helped by tighter expense controls and better product margins, Hibbett Sports, Inc. reported third quarter earnings increased in the mid-teens and raised its outlook for the year. Overall EPS of 30 cents per share in the quarter came in ahead of Wall Stre
Accell Group Affirms 2009 Earnings Will Rise 10%
European bike maker Accell Group N.V. of the Netherlands affirmed last week its profit and turnover, or revenue, expectations for 2009. Based on sales for the period up to and including October and the prospects for the last two months of the year, the co
Johnson Outdoors Finishes 2009 Poised for the “New Normal”…
Johnson Outdoors Inc. sales declined 20.1% to $65.3 million in the fiscal fourth quarter ended Oct. 2, but losses declined significantly in comparison to a year ago when the company took $44.5 million in non-cash goodwill and asset impairment charges…
Phoenix FW’s Q3 Revenues Fall 32%
Phoenix Footwear Group, Inc. reported final profit for the third quarter of fiscal 2009 was $60,000, or 1 penny per share, compared to a net loss of $2.1 million in the year-ago period…
TAF Parent Slashes Q3 Loss; Revenues Down 11%
NexCen Brands, Inc., the parent of The Athlete's Foot, cuts its loss in the third quarter ended Sept. 30, to $1 million, or 1 cent a share, from $38.4 million, or 68 cents, in the year-ago period. Excluding businesses that have been sold, the year-ag
European Footwear Importers Encouraged by EC Vote
As expected, the European Commission Anti-Dumping Advisory Committee voted 15 to 10 against renewing anti-dumping duties on leather footwear from China and Vietnam. The vote gave hope for global footwear brands that will be lobbying intensely in coming we
Johnson Outdoors Slashes Loss, Sales Decline 20%
Johnson Outdoors Inc. cut its loss from continuing operations to $14.2 million, or $1.55 a share, from a loss from continuing operations of $73.5 million, or $8.07, a year ago. While restructuring costs accounted for more than half of the reported operati
NRF Disappointed by Senate Health Reform Bill
The National Retail Federation expressed disappointment in the Senate health care reform bill introduced by Majority Leader Harry Reid, D-Nev…
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