Robert B. McKnight Jr. will step down as CEO of Quiksilver Inc., replaced by former Disney and Nike executive Andy Mooney, according to a Wall Street Journal report. The management change will be effective Jan. 11. McKnight will become executive chairman.
Category: Sports/Fitness
Zumiez December Comps Slip in Big Reversal from 2011
Zumiez Inc.'s comparable stores sales decreased 1.0 percent for the five weeks ended Dec. 29, compared to an increase of 10.0 percent a year earlier…
Target’s December Comps Flat, Slightly Below Plan
Target Corporation reported that its net retail sales for the five weeks ended Dec. 29, were $10.2 billion, an increase of 0.8 percent from $10.14 billion a year ago. On this same basis, December comparable-store sales were essentially flat…
Ross Stores’ December Comps Increase 6 Percent
Ross Stores, Inc. reported that sales increased 11 percent to $1.276 billion for the five weeks ended Dec. 29, 2012, up from $1.149 billion in sales for the five weeks ended Dec. 31, 2011. Comparable store sales for the month grew 6 percent on top of a 9
TJX Lifts Q4 Guidance on Robust December Comps
The TJX Companies, Inc., which just acquired Sierra Trading Post, reported consolidated comparable store sales in December increased 6 percent over an 8 percent increase last year. The off-pricer raised its EPS guidance for the fourth quarter…
SFIA Disappointed Tariff Relief Not Included in ‘Fiscal Cliff’ Bill
The SFIA and the business community had pushed for inclusion of a Miscellaneous Tariff Bill (MTB) in the recently passed American Taxpayer Relief Act (H.R. 8), which prevented the country from going over the ‘fiscal cliff’. SFIA had 11 duty r
Surftech Appoints Sammy Nigh Director of National Sales
Surftech, the maker of surf and stand-up paddleboards based in Santa Cruz, appointed Sammy Nigh as its new director of North American Sales. Before joining Surftech, Nigh previously served as head of sales at Sessions Outerwear and Fox Sportswear.
Cocona Lands $15 Million Private Placement
Cocona, Inc. closed a $15 million funding round lead by an affiliate of H.I.G. Growth Partners, which has become Cocona's newest minority equity investor. Prior investors Fairhaven Capital and OnPoint Technologies, Inc., also participated in the roun
NRF Welcomes Agreement To Avoid Fiscal Cliff
The National Retail Federation welcomed an agreement reached between the White House and Congress on a plan to avoid the fiscal cliff. The agreement was approved by the Senate early this morning and could be considered by the House as soon as today…
Nielsen Acquires The Sports Licensing and Tailgate Show
Nielsen Holdings N.V., which owns the Outdoor Retailer and Interbike trade shows, has acquired The Sports Licensing & Tailgate Show and the Tailgating Industry Association. The acquisition is effective immediately…
ICSC: Holiday Retail Sales on Pace to Grow 3.0 Percent
Holiday retail sales are on track to grow 3.0 over last year, according to the latest readings from the ICSC\Goldman Sachs (ICSC\GS) chain store sales index. The index rose by 0.7 percent for the week ending Dec. 22 from the prior week, which continued to
Consumer Confidence Plunges in December
The Conference Board said its consumer-confidence index declined in December, as a sub-gauge on expectations plunged to 66.5 — the lowest reading since November 2011 — from 80.9 a month earlier. Blamed were uncertainties over the fiscal cliff…
FitStudio By Sears Debuts Fit 15 List
Sears announced the 2013 Fit 15 list of must-have fitness gear and trends from a panel of 15 certified fitness professionals with more than 150 years of combined experience. The first-ever list promises the “New Year's hottest fitness apparel, access
ShopperTrak: Final Holiday Week Finished Strong, but Fell Below 2011 Mark
Last-minute shopping activity drove large increases in both retail sales and foot traffic last week. ShopperTrak, the world’s largest counter of retail foot traffic, reported that for the week ending Dec. 22, sales increased 39.1 percent and traffic
Allen Edmonds Gains Equity Investment
Gladstone Capital Corporation has invested $19.5 million in Allen Edmonds Shoe Corporation by purchasing a loan from one of Allen Edmonds' existing lenders…
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