DSW Inc. reported third quarter earnings, adjusted for the impact of its merger with its largest shareholder, Retail Ventures Inc., and related items, reached $39.8 million, or 88 cents per share, representing a gain of 12.1 percent compared with adjusted
Category: Sports/Fitness
Collective Brands Sees Payless Struggle Again in Q3 But Wholesale Brands Surge…
Collective Brands Inc. reported a loss of $114.3 million, or $1.91 a share, in the third quarter after charges totaling $151.4 million for lease termination costs and tax valuation reappraisals tied to its Payless division. Adjusted net earnings were $37.
Dick’s SG Reveals Plans for Arizona Distribution Center
Dick's Sporting Goods, Inc. announced plans to construct a distribution center in Goodyear, Ariz., that will service the western United States and is expected to bring approximately 120 jobs to the area when business opens in early 2013. Local real e
NSAA Appoints Education/Conference Director
The National Ski Areas Association (NSAA) announced the appointment of ski industry veteran Wenda Huseman to fulfill a newly created role directing the Association’s education and conference initiatives…
ComScore: Black Friday Online Spending Up 26 Percent
ComScore reported U.S. retail e-commerce spending for the first 25 days of the November – December 2011 holiday season increased 15 percent to $12.7 billion. Black Friday (November 25) saw $816 million in online sales, making it the heaviest online spendi
Power Balance Files for Bankruptcy Protection
Power Balance LLC, the maker of Power Balance bracelets worn by NBA players and celebrities, filed for bankruptcy protection in federal court in Santa Ana, CA. The filing is the result of numerous lawsuits that allege misleading advertising about the holo
Genesco’s Q3 Earnings Jump on 12 Percent Comp Growth
Genesco Inc. reported earnings from continuing operations rose 54.1 percent in the third quarter ended Oct. 29 on a 33 percent increase in net sales. Comps sales were up 8 percent at Lids Sports Group, 15 percent at Journeys Group, 7 percent at Johnston &
Bern Unlimited Hires VP to Enhance Fulfillment
Bern Unlimited, a maker of helmets for action and snow sports enthusiasts, has hired John Morgan as a vice president in a bid to improve fulfillment…
Jake Anderson Named As U.S. Sales Manager For Line Skis/Full Tilt
Line Skis & Full Tilt Boots appointed Jake Anderson as its new U.S. Sales Manager. Anderson has been involved with Line in one way or another for over a decade, starting as one of Line’s first sales reps and later becoming a retailer of Line and Ful
BDO Survey: Muted Expectations for Black Friday
Retailers expect solid but not stellar results for Black Friday and Cyber Monday. According to a recent BDO USA, LLP survey of 100 chief marketing officers at leading U.S. retailers, just 27 percent expect to see an increase in Black Friday sales, down fr
Collective Brands Shows Steep Q3 Loss After Charges
Collective Brands Inc. reported a loss of $114.3 million, or $1.91 a share, in the third quarter after charges totaling $151.4 million for restructuring activities at its Payless division. Adjusted net earnings were $37.1 million, or 61 cents per share, s
Brown Shoe’s Q3 Sales Dip 0.3 Percent
Brown Shoe reported sales in the third quarter dipped 0.3 percent to $713.8 million from $716.1 million a year ago. The company reported net earnings of $33.7 million, or 79 cents per share, compared to $18.6 million, or 42 cents, in the third quarter of
RECALL: 220 Omni-Heat Batteries by Columbia Sportswear
Columbia Sportswear has recalled about 220 Omni-Heat Lithium-Polymer rechargeable batteries sold with three of its jackets due to a defect that can cause them to overheat and pose a fire hazard, according to the U.S. Consumer Product Safety Commission…
NICA to Recognize High School Mountain Biking Proponents
U.S. Mountain Bike champion and Olympian Adam Craig will be the guest of honor at the 2011 National Interscholastic Cycling Association Awards banquet, Jan. 14, 2012, at the Clif Bar and Co. headquarters in Emeryville, CA. The NICA Awards acknowledge outs
Dick’s SG Buys W. Valley Warehouse
Dick's Sporting Goods Inc. has completed the purchase of a 60-acre site in Goodyear, AZ to build a 600,000-square-foot fulfillment and distribution center expected to employ about 300 workers beginning in early 2013…
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