Nordstrom Inc. reported a decline in gross profit and merchandize margins in the fourth quarter as it strived to align inventory with softening demand. The luxury department store said net fourth-quarter sales were essentially flat with a year ago, while
Category: Outdoor
Weyco Group Q4 Profits Up Slightly
Weyco Group Inc. reported slightly higher profits for the fourth quarter, despite flat retail sales and declining U.S. sales of the key Florsheim brand. Net income increased 1% to $7.8 million, or 66 cents per share, compared with $7.7 million, or 64 cen
Under Armour to Open Second Store in Chicago Suburb
Under Armour Inc. plans to open its second store in the Chicago suburb of Aurora, IL. The store in the Fox Valley Mall will measure 6,000 square feet. Under Armour began testing its own retail stores in November when it opened a 4,500-square-foot store in
Nike to Sponsor French Soccer Team
The French national soccer team will end its long sponsorship deal with Adidas in 2011 in favor of a $506 million contract with Nike. The French soccer federation said Nike outbid Adidas and French company Airness, promising to pay $63.4 million per year
MacGregor Golf Names Setola CEO
MacGregor Golf Co. named Michael J. Setola as its president and CEO, effective immediately. Setola was most recently president of Oxford Industries, where he was responsible for brands including Oxford, Lanier and Ben Sherman. Additionally, the company an
Princeton Ski Shops Closes Down
Princeton Ski Shop, which filed for bankruptcy last November, is liquidating. Going-out-of-business sales are starting this Saturday, February 23, at its four superstores in the NY/NJ metropolitan area…
Singapore Named as First Youth Olympic Games Host
The International Olympic Committee (IOC) has tapped Singapore as the host of the first Summer Youth Olympic Games in 2010. Singapore beat Moscow in the final by 53 votes to 44…
TAF Expands in Sweden and Qatar
The Athlete's Foot has expanded operations to Sweden and Qatar. The company signing a Master Franchise Agreement with TAF Sweden AB. NexCen Brands, Inc., TAF's parent, said the ten-year agreement calls for the development of a minimum of ten sto
Nike Sells Bauer to Roustan and Investor Group
NIKE, Inc. has reached a definitive agreement to sell its Bauer Hockey subsidiary to an investor group led by Kohlberg & Company and Canadian businessman W. Graeme Roustan for $200 million in cash. Nike expects the transaction to be completed before the e
Crocs Extends NBA Licensing Business
Crocs, Inc. has expanded its licensing business with an agreement covering the National Basketball Association. The agreement, which covers both Crocs footwear and Jibbitz charms, allows Crocs to license agreed logos for all 30 NBA teams and related NBA p
EMS Commits $500,000 to the Conservation Alliance Legacy Fund
Eastern Mountain Sports has committed to contribute $500,000 to The Conservation Alliance Legacy Fund over the course of the next five years. The pledge brings the Alliance closer to its $3.5-million goal for the Legacy Fund…
Optic Nerve/Mountain Shades Moves to Wheat Ridge, CO
Optic Nerve and Mountain Shade sunglasses will move its current headquarters IN Edgewater, CO, to Wheat Ridge. The new Optic Nerve/Mountain Shades office, over triple the size of the current location, will open for business on February 25, 2008 and is loc
Columbia Partners with The Skin Cancer Foundation
Columbia Sportswear partnered with The Skin Cancer Foundation to introduce a new Omni-Shade sun protective apparel line. Columbia said it is the first global company to receive The Skin Cancer Foundation's Seal of Recommendation, which is awarded to
Golf Report: Cleveland Golf Sells FIDRA Brand
Cleveland Golf has sold FIDRA, the golf apparel company formerly owned by Quiksilver, Inc., to Goodtimes International Co., Ltd., which has since changed its name to FIDRA Co., Ltd. The new FIDRA Co., Ltd. is based in Tokoy, Japan. Quiksilver entered the
Nau to Open 10 Stores in 2008
Nau Inc. plans to open 10 more retail locations in 2008. Plans for new markets include Los Angeles, San Francisco, Denver, Boston and Bethesda. Second stores will be opened in the existing markets of Seattle and Portland, OR. It currently has four doors i
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