Saks Inc. announced that January 2008 comparable store sales increased 4.1% over the prior year. Fiscal fourth quarter comparable store sales increased 9.0% over the prior year, which was consistent with management’s previously disclosed expectation of a
Category: Outdoor
Recall: 49,000 Trek Girls Bikes
Trek Bicycle Corp. is voluntarily recalling about 49,000 girls bicycles because the bike frames may break while in use. Trek has received 13 reports of frames breaking, including four minor injuries, the U.S. Consumer Product Safety Commission…
Target’s Comps Slide 1.1%
Target Corp. reported that its net retail sales for the four weeks ended February 2, 2008 increased 5.4 percent compared to the four weeks ended January 27, 2007. On this same equal-week basis, January comparable store sales decreased 1.1 percent. On a fi
J.C. Penney Comps Off 1.9%
J. C. Penney Company, Inc. comparable department store sales decreased 1.9 percent for the four weeks ended Feb. 2, 2008, compared with guidance for a mid-single digit decrease and a 3.6 percent increase in last year’s January period. Total department sto
Shoe Carnival Reports 5.7% Decline in Q4 Comps
Shoe Carnival, Inc. reported a 7.3% decline in sales for the thirteen-week fourth quarter to $164.3 million from sales of $177.2 million for the fourteen-week period last year. Sales of approximately $11.5 million were recorded in the extra week of the fo
TJX Posts 3% Comp Gain
The TJX Companies, Inc. reported consolidated comparable store sales for the four-week period ended February 2, 2008, increased 3% over last year. Total sales increased 7% to $1.13 billion from $1.06 billion…
Amer Sees Winter Sports Weakness Drag Q4, 2007 Results
Amer Sports reported a 14.5% decrease in fourth quarter sales to €497.1 million ($720.0 mm) from €581.6 million ($750.0 mm) for the year-ago period. For the full year, net sales decreased 7.8% to €1.65 billion ($2.26 bn) from €1.79 billion ($2.25 bn) last
Red Oak Sportswear to Cease Operations
Red Oak Sportswear, the maker of licensed sports apparel in College Station, TX, plans to cut 124 jobs as it winds down operations, according to documents filed with the Texas Workforce Commission. The company, a division of Illinois-based Knights Apparel
Dale Earnhardt Jr. to Debut adidas Three Stripes at Daytona
Dale Earnhardt, Jr. will debut the adidas three stripes at the 2008 Daytona Speedweeks. On Feb. 15, Dale Jr.'s exclusive adidas JR. Nation Gear will go on sale at Sports Authority available first in Daytona…
prAna Management Team Buys Back Brand with PE Help
Liz Claiborne Inc. has entered into an agreement to sell substantially all of the assets and liabilities of prAna to prAna Living, LLC, a company formed by prAna's management team and Steelpoint Capital Partners for a purchase price consisting of a $
REI Sees 8.2% 2007 Comps Growth
Recreational Equipment, Inc. (REI) reported sales of $1.34 billion for fiscal year 2007, growing 13.5% from 2006. In addition, REI’s comp store sales showed continued strength in 2007 at 8.2%, marking three consecutive years of 8% or higher. For the year,
Zumiez Comp Sales up 1.7% in January
Action sports retailer Zumiez Inc. said comp store sales increased 1.7% for the four-week period ended Feb. 2, 2008, versus a comparable store sales increase of 12.4% for the four-week period ended Feb. 3, 2007. Total net sales for the period increased 16
Electra Bike Names Bradley VP of Product Development
Electra Bicycle Company named Dean Bradley as vice president of product development. An early convert to BMX and mountain biking, Dean has been a magazine editor, an on-air media personality and a highly accomplished product development manager most recen
CadenceTV Launched for Group Workouts
Cadence Cycling and Multisport Centers launched CadenceTV, an interactive video platform that allows cyclists to train and participate in live group workouts from a remote location. CadenceTV will stream live video of Cadence's two-time daily indoor
Sports Direct Partners with China’s ITAT
Sports Direct International PLC, the UK sporting goods conglomerate, announced a strategic relationship with China's ITAT Group to move into the rapidly expanding Chinese retail market before the Beijing Olympics in August. Sports Direct will invest
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