Sunglass maker Spy Inc. sharply lowered closeout sales, operating expenses and operating losses in the fourth quarter and year ended Dec. 31, 2012. Cost cutting helped boost gross margin by 1,090 basis points to 44.0 percent and reduce loss from operation
Category: Outdoor
Riddell Loses Court Challenge Over Football Uniforms Duties
Riddell Inc lost its challenge in the U.S. Court of International Trade over the duties charged on football pants, jerseys and girdles. The items receive a higher duty rate because they're classified as general apparel as opposed to sports equipment,
PPR Changes Name to Kering
PPR is changing its name to Kering (pronounced “caring” in English) to reflect the Group’s strategic focus on luxury and sport/lifestyle brands, including Puma and Volcom, the company announced. The new name represents the distinctive wa
REI’s Gross Margins Hold on Solid 2012 Sales Growth
REI (Recreational Equipment Inc.) reported sales reached $1.93 billion for the year ended Dec. 31, 2012, up 7.3 percent from 2011. The nation’s largest retail cooperative said it would return $104 million in pre-tax patronage dividends to its member
City Sports to Open Its Largest Retail Location in NYC
City Sports will open its 22nd retail location in New York City's financial district on Tuesday, March 26. Coming on the heels of the successful re-location of their Chestnut Hill store in Boston, MA, this newest store will mark City Sports' th
Sherpa Adventure Gear Adds to Apaprel Design Team
Sherpa Adventure Gear has hired Drew Runberg to assist its apparel design and development team led by Amy Lietz Roberts.
Exporters Say Fewer Chinese Migrants Return to Factories After Chinese New Year
Nearly six in 10 of the companies, or 59 percent, surveyed in the latest Hong Kong Trade Development Council (HKTDC) Export Index said the labor shortage after the Chinese New Year holiday was more severe this year than it was last year…
JOLT Act Reintroduced in U.S. House of Representatives
The U.S. Travel Association applauded the introduction in the U.S. House of Representatives of the JOLT – “Jobs Originated through Launching Travel” – Act, a bipartisan bill that would leverage the benefits of inbound international travel to the United St
Tilly’s Says Comps Declines Seen in Q4 Accelerated in Q1
Tilly’s Inc.’s became the second action sports retailer in as many weeks to warn that comparable store sales declines accelerated in February…
Lululemon See Q4 Earnings Climb 48 Percent; Warns on Q1
Lululemon Athletica Inc. reported revenues for the fourth quarter increased 31 percent on a 10 percent comp gain. Earnings jumped 48.8 percent. However, Lululemon warned that its recall of black yoga pants would shave up to $17 million off first quarter s
L.L.Bean Ranks Highest in J.D.Power’s Customer Satisfaction Ranking
The website for outdoor retailer L.L.Bean, http://www.llbean.com, achieved the highest overall score among online apparel retailer brands in a recent report by J.D. Power and Associates. The report focused on customer satisfaction for online apparel retai
Perry Ellis’s Q4 Sales Increase Two-Fold
Perry Ellis International reported fiscal 2013 fourth quarter revenues total $258 million, an increase of 13 percent from $229 million last year…
Billabong Says Merger Talks Ongoing
Billabong International Ltd said it remains in talks with two groups exploring $544 million bids for the company. The statement came after Billabong had asked for a trading halt to investigate why its shares had fallen more than 20 percent earlier on Thur
Li and Fung Ekes Out 1 Percent Sales Gain in 2012
Li & Fung Limited, which provides sourcing, logistics and distribution services for some of the largest U.S. and European apparel brands and retailers, reported 2012 sales of $20.2 billion, up 1 percent. The Hong Kong company said sales at its trading uni
Senate Committee Advances Jewell Nomination
The Energy and Natural Resources Committee of the U.S. Senate voted 19 to 3 to recommend the full Senate approve Sally Jewell as the next Secretary of the Interior. The nomination now goes to the full Senate for its consideration…
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