Paddleexpo reduced exhibitor space by more than a third, marking the first time in the German show’s 11 year history that it has not expanded. The move enabled the trade show, which takes place Oct. 2-4 in Nuremburg, to secure a more attractive venu
Category: Footwear
Lululemon Cuts Outlook on Prolonged Recall Woes
Some recalls are worse than others. Shares of Lululemon Athletica fell $3.75 to $65.29, or 5.4 percent, on Thursday after the company delivered a disappointing outlook for the rest of the year. The yoga-inspired retailer said the current third quarter had
Sof Sole Complements Famous Footwear BTS Donation to Salvation Army
In August, Famous Footwear provided more than 100 pairs of the season’s shoe styles for kids through The Salvation Army – Greater New York Division. Sof Sole recently supplemented that donation by sending 130 pairs of socks in corresponding sizes…
SFIA: Home Fitness Shipments Finally Surpass 2007
According to the Sports & Fitness Industry Association in its 2013 Tracking the Fitness Movement report, 2012 fitness equipment sales in both the consumer and commercial markets grew — 3.5 percent for Home Use (to $3.56 billion) and 8.5 percent for Commer
Tilly’s Inc. Foresees Lull Until Holidays
Tilly’s Inc. CEO Dan Griesemer said he sees more of the same in the third and fourth quarter, although the action sports retailer has not provided guidance on for the back half of the year…
Sports Direct Added to FTSE 100 After Another Impressive Quarter
The UK's largest sporting goods retailer worked its way into the FTSE 100 Index last week after reporting gross margins grew 23.2 percent in the quarter ended July 28…
Contour Inc Enters Receivership
Contour, Inc., formerly a leading provider of POV cameras and accessories, has entered into receivership under approval by the Superior Court of Washington for King County. Contour abruptly shut its doors on August 2, 2013 after protracted negotiations wi
Lululemon’s Q2 Earnings Dip, Lowers Full Year Guidance
Lululemon Athletica Inc. reported second-quarter earnings dipped 1.8 percent to $56.5 million, or 39 cents a share, largely due to a higher tax rate. Earnings exceeded a forecast given in June but the yoga-inspired chain still lowered its guidance for the
New Era’s Chris Koch Named 2013 Buffalo Niagara Executive of the Year
Christopher H. Koch, CEO of New Era Cap Co., has been named the 2013 Buffalo Niagara Executive of the Year by the University at Buffalo School of Management…
Exceed Company Hires Counsel to Evaluate CEO’s Buyout Offer
Exceed Company Ltd, one of mainland China’s more prominent domestic sporting goods brands, has hired financial counsel to study a management buyout proposal submitted by its chairman and CEO in mid-August…
Roxy to Use Plusfoam in Spring 14 Women’s Sandal
Quiksilver’s Roxy brand will release a new zero-waste, 100 percent recyclable flip flop worldwide in Spring 2014 made from Plus Compound Technologies' 100 percent recyclable PLUSfoam material. PLUS Compound Technologies operates reclaim facilit
Macy’s Double Downs on Athletic/Outdoor Apparel
In a bid to strengthen its appeal to the millennial customer, Macy’s is expanding its Nike, The North Face and Under Armour offerings while adding Helly Hansen in select locations…
Report: KKR, Sycamore Considering Joint Bid for Jones Group
Private-equity firms KKR & Co LP and Sycamore Partners are considering a joint bid for Jones Group, the parent of Nine West, the Wall Street Journal reported. In July, Jones Group hired Citigroup Inc to explore a potential sale of parts or all of the comp
OIA VantagePoint: Footwear Disappoints Again in August
Sales of outdoor products increased 2.9 percent in fiscal August to $868.2 million, according to the latest monthly sales report from OIA VantagePoint™. As in fiscal July, Outdoor Hardgoods and Apparel posted solid sales growth, while Footwear struggled.
Canadian Tire Looks to Raise C$263M through REIT
Canadian Tire expects to raise Canadian $263.5 million ($255.6 mm) through listing of a real estate investment trust that will hold its retail properties. CT Real Estate Investment Trust plans to offer 26.4 million shares at C$10 each…
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