Nau Inc. was one of the highest profile sustainability stories in the apparel industry when it announced May 3 it was winding down because it could not raise more money. The irony was not lost on Ian Yolles, the architect of the company's widely adm
Category: Sports/Fitness
Kohl’s Ups Guidance as Sales Spring Back
Kohl’s Corporation reported a 12.0% rise in sales for the four-week period ended May 3, 2008 and said comp store sales rose 3.5% during the period, but nearly all the improvement was due to a shift in the calendar. Still, the department store retailer sai
Ross Stores Posts 8% Comp Gain
Ross Stores, Inc. reported that its April sales increased 15% to $480 million from $417 million a year ago. Same store sales for the month increased 8%. Due to strong trends, the off-pricer raised its estimates for the first quarter…
Neiman Marcus’s Comps Dip 0.6%
Neiman Marcus, Inc. reported revenues dipped 0.6% during April to $343 million from $346 million. Comps declined 1.9%. Comps in the Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, decreased 3.6%…
Avis CEO Joins Hanesbrands’ Board
Hanesbrands Inc., the parent of Hanes and Champion, said Ronald L. Nelson, chairman and chief executive of car rental company Avis Budget Group Inc., has been elected to its board of directors, effective July 21. Nelson, 55, will serve for a term that wil
Schwinn Picks Rebranding Agency
Schwinn Bicycles, owned by Dorel Industries, selected Philadelphia agency, STICK and MOVE, to partner in developing a rebranding campaign focused on building excitement with recreational cyclists. The campaign is slated to launch by the end of the summer
Mountainsmith Hires Domestic Sales Mgr
Mountainsmith announced the appointment of Jay Getzel to the newly-created position of domestic sales manager. Getzel was most recently sales and service manager for C.A.M.P. USA in Broomfield, CO…
Puma Experiences Weak Q1 in U.S. Market
Puma’s worldwide branded sales, which include consolidated and license sales, rose currency neutral 0.5% for the first quarter. In reporting terms, branded sales reached € 741.2 million ($1.11 bn) versus € 762.1 million ($998.7 mm). Footwear sales were do
Adidas Q1 Profit Climbs 32%
Adidas AG Tuesday reported net profit jumped 32% to 169 million euros ($261.7 million) from 128 million euros a year earlier. Revenue rose 3.3% to 2.62 billion euros ($4.05 billion) from 2.54 billion euros. Group sales increased 10% on a currency-neutral
Nike/Finish Line Launch Running/Training Concept
Nike and The Finish Line, Inc. announced the opening of a new retail experience called Finish Line Ltd customized to meet the needs of young running and training athletes. The concept store is located at the Chandler Fashion Center near Phoenix, Arizona..
Aussie Soles Picked up by Game on Sports
Crocs competitor Aussie Soles said it lined up Canadian retailer Game On Sports to begin selling its closed celled footwear…
Performance Training: Will the Hype Pay Off?
Whether consumers or retailers are ready for it, the cross-training category is about to attempt a rebirth. The revival, which is now being heralded by major marketing campaigns touting Under Armour’s performance trainer introduction, as well as Nike’s SP
Amer Sports Starts 2008 With Tough Quarter…
Amer Sports had another difficult quarter in Q1 as sales declined in the mid-singles due to weakness at Precor and Wilson and a slumping U.S. dollar hurt results for the Finland-based company. The company did however manage to shrink its quarterly loss by
Under Armour Reduces Profit Outlook as High Inventories Cut into Margins…
Under Armour Inc. posted another solid quarter for sales growth, but a sharp increase in marketing expenses and tighter margins cut into profits as net income plunged more than 71% compared to the year-ago period. The company is still struggling with the
Rocky Reaches Settlement in Case Against Former VP…
Rocky Brands, Inc. reached a settlement in its case against a former VP whom the company claims was attempting to copy some of its most popular shoes. The terms of the settlement involving Defendants Glen Bratcher, Westwood Footwear and Accessories LLC, a
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