Citing unseasonably warm weather and heightened competition, Princeton Ski Shop Inc. filed for bankruptcy in the U.S. Bankruptcy Court for the District of New Jersey in Newark. The company, based in Clifton, NJ, operates four stores in New York City ( 22n
Category: Outdoor
Five Things Every Company Should Know About Doing Business in China…
As more companies are looking for any advantage they can get in the marketplace, finding inexpensive labor and efficient infrastructures has become one of the most competitive playing fields in modern day business. In the last decade, one country has come
SRAM Acquires Zipp
SRAM Corporation completed its acquisition of Compositetech Inc., which makes products under the Zipp name. The Zipp management team will remain intact and continue to report to Andy Ording, president of Zipp…
Nautilus Urges Shareholders to Vote Against Sherborne Proposal
Nautilus, Inc. mailed to following letter to its shareholders urging them to vote against a proposal made by Sherborne Investors LP and its affiliates, a group of NLS investors. The current Nautilus board stated that Sherborne is trying to take control of
Fila Launches U.S. Marketing Push with Modeling Contest
Fila Inc. is launching an online modeling contest as part of a new branding campaign dubbed “How do you Fila?” Fila is planning on using the images of the winners and their personalized “How Do You Fila?” descriptors in its 2008 marketing creative, which
Aldila’s Q3 Revs Slide 19%
Aldila Inc. reported Q3 sales fell 19% to $13.2 million from $16.3 million. Net income fell 76% to $687,000, or 12 cents a share, from $2.9 million, or 51 cents, a year ago. Excluding a year-ago special credit, net income in the latest quarter was down 59
Jarden Announces Stock Buyback Plan
Jarden Corporation, parent company of K2 and Volkl skis, announced that its Board of Directors has authorized a new stock repurchase of up to $100 million of its common stock. As of October 29, the company had approximately 77.6 million shares of common s
adidas Sees Strong Q3 Bottom Line Growth on Flat Sales
adidas reports third quarter group revenues grew 3% on a currency-neutral basis driven by sales increases at both adidas and TaylorMade-adidas Golf. Reebok sales, however, declined. Group sales in euro terms declined 0.3% to € 2.94 billion ($4.04 bn) in t
Gottschalks Comps Drop 3%
Gottschalks Inc. announced that same store sales for the month of October 2007 decreased 3% from the prior year. Total sales for the month decreased 5.7% to $41.7 million from $44.2 million in October…
Head N.V. Sees Q3 Pressure From Winter Sports
Head third quarter net revenues were down 17.1% to €92.8 million ($127.5 mm) primarily due to a 30% decline in winter sports revenues. This decline was partially offset by stronger sales in both racquet sports and diving. Third quarter net profit was down
Nordstrom’s October Comps Slide 2.5%
Nordstrom, Inc. said same-store sales in October decreased 2.4%. Total sales reached $625.7 million for four weeks ended November 3, 2007, an increase of 0.5% compared to sales of $622.5 million a year ago…
Pacific Sunwear Sees October Comps Slip; Expects Q3 Net Loss
Pacific Sunwear of California, Inc. saw a 0.5% increase in fiscal October net sales to $85.3 million from $84.8 million for the same period last year. Total company same-store sales decreased 0.8% during the period with PacSun seeing a 2.3% increase and d
Bon-Ton’s Comps Decline 1.4%
The Bon-Ton Stores, Inc.'s total sales for the four weeks ended November 3, decreased 2% to $244.7 million from $249.7 million for the prior year period. Bon-Ton and Carson’s combined comparable store sales for the four weeks decreased 1.4%. Carson’
The Buckle October Comps Jump 14.9%
The Buckle, Inc. net sales for the 4-week fiscal month of October increased 20.3% to $50.0 million from net sales of $41.5 million for the prior year 4-week fiscal month ended October 28, 2006. Comparable store net sales increased 14.9%…
Costco Comps Increase 9% in October
Costco Wholesale Corporation net sales were $5.21 billion for the month of October, an increase of 13% from $4.63 billion in the same four-week period last year. Comps for the quarter increased 9% for the total company…
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