Lululemon Athletica intends to continue with its current plan of opening six stores this year despite a continued soft market and tighter gross margins. The vertical retailer said that for the past six months it has been concentrating on real estate stra
Category: Footwear
Callaway Golf Completes $140mm Stock Offering
Callaway Golf Co. completed its private offering of $140 million in preferred stock. The company privately placed 1.25 million shares of 7.5 percent series B convertible preferred stock as well as 150,000 additional shares of preferred stock to cover over
Quiksilver Swings to Profit in Fiscal Q2; Lays Out Three-Part Restructuring Plan
Quiksilver, Inc. swung to a profit in the second fiscal quarter ended April 30, but the Q2 rebound seemed almost an afterthought as management laid out a three-part financial restructuring plan that includes a $150 million loan from Rhone, a private equit
Wrangler Footwear Line to Debut at Kmart
The Wrangler brand, which is owned by VF Corp., introduced a new footwear line, exclusively at Kmart. The line includes sandals, casual shoes and work and hiking boots for men…
Nike and Adidas Co-Sponsor iHoops
Nike and Adidas will serve as founding partners for iHoops, the youth basketball initiative. Created by the NCAA and NBA, iHoops is designed to provide supporting services and programs for youth basketball players ages 6 to 18, their parents, coaches, off
K2 Sports Names North America Sales and Marketing Chief
K2 Sports said Louis Boudreault has been appointed VP of sales and marketing for the North American region. In this capacity Boudreault is responsible for the domestic sales and local marketing initiatives in both Canada and the United States for the K2 S
Rocky Brands Adopts Shareholder Rights Plan
Rocky Brands, Inc. has adopted a Shareholder Rights Plan designed to assure shareholders fair value in the event of a future unsolicited takeover attempt. The company added that the plan was not adopted in response to any attempt to acquire the company an
Signature Eyewear Q2 Sales Dip 9%
Signature Eyewear, which makes Cutter & Buck eyewear, reported net income of $216,000, or 3 cents a share, on net sales of $6.1 million for the first quarter ended April 30, 2009. This compares to net income of $212,000, or 3 cents, on net sales of $6.7 m
Aetrex Forms Aetrex Canada
Aetrex Worldwide has announced the formation of Aetrex Canada, a new division of Aetrex Worldwide, Inc. Aetrex said the new division “reaffirms the company's commitment to the Canadian market and will enable Aetrex to provide retailers with better pr
Cherokee Q1 Net Income Slides on Lower U.S. Dollar Royalties
Cherokee Inc., the global licensor and brand management company, said net income for the first quarter ended May 2 decreased by a total of $847,000 to $3.8 million or 43 cents per diluted share, as compared to $4.7 million, or 52 cents per diluted share i
OIA: April Outdoor Sales Indicate Declines Easing, Shoppers Returning
Retail sales for all core outdoor stores combined (chain, internet, specialty) grew 2% compared to last April, moving from $339 million to $347 million, according to the most recent edition of The Outdoor Industry Association (OIA) Outdoor Topline Report.
Canada Goose Lends Support to Traditional Sewers
Outerwear manufacturer Canada Goose has partnered with The North West Co., a retailer of food, products and services to rural communities in Canada, and First Air, Canada's largest northern airline, to establish Canada Goose Resource Centers in Canad
Nike Names New U.K. Marketing Director
Nike named Gino Fisanotti as its new marketing director for the U.K. and Ireland. Fisanotti, currently EMEA brand director, replaces Simon Pestridge, who in early June was promoted to the role of global brand director, based in the U.S…
Rip Curl Appoints New Group CEO
Rip Curl International has appointed Olivier Cantet as its new Group CEO. The appointment will be effective July 1, 2009. Cantet has been with Rip Curl since 2003 in his current regional role of European CEO and he will continue to manage that business al
Golfsmith Inks Lease for Third LA Xtreme Store
Golfsmith International Holdings, Inc. has signed a lease for a new 40,000-square foot playground for golfers and tennis players in Orange County that will open in November 2009…
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