SGB Executive Outdoor
REI FY08 Profits Plunge 65%
REI announced plans to eliminate 61 full-time jobs, mostly at its Kent headquarters and Sumner distribution center, due to a “significant business slowdown in the final months of 2008 and continued projected weakness in 2009.” Net income tumbled 65% to $1
RECALL: Clif Bars with Peanuts
Clif Bar & Company announced a voluntary recall of various CLIF and LUNA bars on Jan. 30, citing “concerns that the recalled bars contain peanut products that were manufactured by Peanut Corporation of America (PCA), which is the focus of an ongoing Salmo
Gildan’s Q1 Earnings Tumble, Suspends Guidance
Gildan Activewear reported earnings tumbled 84.6% in its first quarter ended Jan. 4, to $4.3 million, or 4 cents a share, from $27.9 million, or 23 cents a year ago. The company had provided EPS guidance of 0 cents to five cents for the first quarter of f
Sport Chalet Q3 Sales Decline 10.3%
Sport Chalet, Inc. saw sales for its third quarter of FY09 ended Dec. 28, 2008 decline 10.3% to $104.6 million, compared to $116.6 million last year with a 15.4% drop in comps. The retailer posted a net loss of $32.4 million, or $2.29 a share, due to heav
Dillard’s Reports Drop in January Comps and Q4
Dillard’s, Inc. saw merchandise sales for the four weeks ended Jan. 31, 2009 of $376.61 million, compared to sales for the four weeks ended Feb. 2, 2008 of $435.25 million. Total sales decreased 13% while comparable store sales decreased 12% for the four-
BJ’s January Comps Hurt by Fuel Sales
BJ’s Wholesale Club, Inc. reported net sales for fiscal January increased 0.9% to $656.7 million from $651.0 million last year. On a comparable club basis, January sales decreased by 0.7%, including a negative impact from sales of gasoline of approximatel
Bon-Ton Comp Sales Decrease 8.2%, Q4 Sales Fall 9.4%
The Bon-Ton Stores, Inc. said comparable store sales for the four weeks ended Jan. 31, 2009 decreased 8.2% compared with the prior year period. Total sales for the four weeks decreased 8.3% to $172.0 million compared with $187.6 million for the prior year
Buckle’s January Comps Jump 14.7%
The Buckle, Inc. said comparable store net sale for the four-week period ended January 31, 2009 increased 14.7% versus the year-ago month. Net sales for the four-week fiscal month ended January 31, 2009 increased 23.1% to $48.0 million from $39.0 million
Brown Shoe Co. To Cut 12% to 14% of Domestic Workforce
Brown Shoe Co., Inc. said it expects to cut 12% to 14% of its domestic workforce as part of its expense and capital containment initiatives that were announced January 21. Overall costs related to its expense initiatives are currently anticipated in the r
Columbia Sponsors Amgen Bike Tour
Columbia Sportswear Co. will be the sportswear partner of the 2009 Amgen Tour of California professional cycling road race. Under the sponsorship, Columbia will outfit staff, VIPs, local volunteers and all VERSUS, Web site and on-site announcers with indu
Citi Trends Reports 1.9% Q4 Comp Decline
Citi Trends, Inc., the value-priced retailer of urban apparel, reported total sales in the 13-week period ended January 31, increased 8.9% to $146.6 million compared with $134.6 million in the 13-week period ended February 2, 2008. Comparable store sales
1% for the Planet Passes 1,000 Member Company Mark
Despite tough economic times, the group 1% for the Planet continues to grow. Member companies of the organization pledge to donate at least 1% of their revenues to non-profit organizations focused on sustainability…
Zumiez Q4 Comps Fall 14.8%
Zumiez Inc.'s comparable store sales decreased 14.8% for the four-week period ended Jan. 31, 2009, versus a comparable store sales increase of 1.7% in the year ago period ended Feb. 2, 2008. Total net sales for the four-week period ended Jan. 31, 200
Jarden Appoints Deutsche Bank to Replace Lehman
Jarden Corporation has reached an agreement to settle all of its outstanding claims against Lehman Brothers related to the bankruptcy of Lehman and related entities and the subsequent defaults of Lehman Commercial Paper Inc., an affiliate of Lehman Brothe
GSI, Innotrac Terminate Buyout Deal
E-commerce companies GSI Commerce Inc. and Innotrac Corp. said Thursday have agreed to terminate a cash-and-stock buyout deal. GSI had agreed to buy Innotrac in October for $52 million, including $22 million in cash and the rest in stock. GSI's share
