SGB Executive Outdoor
NSGA Report Sees Athletic Footwear Growth Slowing…
The National Sporting Goods Federation is reporting that retail sales of athletic footwear rose just 1.0% during the six-month period from October 2006 through March 2007. Sales for the six-month reporting period were $6.14 billion versus $6.08 billion f
Hibbett Sports to Miss Second Quarter Forecast…
Hibbett Sports, Inc. issued a warning last week that the small market operator will miss its sales and earnings guidance for the second quarter. While the retailer did not provide specific details on the miss, Sports Executive Weekly assumes that a mix o
Second Quarter Retail Results May Signal a Pause in the Move to Premium in Team Sports…
The macroeconomic trends that the majority of public companies discussed on conference calls for the second quarter were also felt in the team sports market as overall sales improved less than one percentage point over the year-ago quarter. This near-flat
Finish Line Hires Outside Firm For Genesco Integration
The Finish Line, Inc. has retained Bain & Company to assist in the merger integration planning for the Company's pending acquisition of Genesco Inc. As previously announced, the Genesco transaction is expected to close in Fall 2007.
Cabela’s Acquires Canadian Retailer
Cabela's Incorporated has reached an agreement to purchase S.I.R. Warehouse Sports Store, a Winnipeg, CA-based hunt & fish specialty retailer. Cabela's currently has thousands of catalog and Internet customers in Canada, but this would be its fi
REI Introduces ‘Eco-Sensitive’ Labeling
Recreational Equipment, Inc. announced that select REI brand products will carry an eco-sensitive label, designating items manufactured with a high percentage of recycled, rapidly renewable and/or organic fibers. Additionally, REI is collaborating with m
GSI Commerce to Acquire Accretive Commerce
GSI Commerce Inc. has signed a definitive agreement to acquire Accretive Commerce Inc., a Huntersville, N.C.-based e-commerce solutions provider. The acquisition will expand GSI's partner base to nearly 80 as well as add to its infrastructure. Under
Bon-Ton’s Comps Drop 7.6%
The Bon-Ton Stores, Inc. announced total sales for the four weeks ended August 4, decreased 7.6% to $194.3 million compared to $210.3 million for the prior year period. Bon-Ton and Carson's combined comparable store sales for the four weeks decreased
J.C. Penney Comps Jump 10.8%
J. C. Penney Co. Inc. reported total company sales increased 13.3% for the four weeks ended Aug. 4, including a 13.6% increase in total department store sales. Comparable department store sales increased 10.8% following a 4.9% increase last year, and comp
Wal-Mart July Comps Improve 1.9% on Sam’s Strength
Wal-Mart Stores, Inc. recorded a 6.5% increase in net sales to $26.99 billion during the month of July, accompanied by a 1.9% increase in same-store sales. Comparable store sales at U.S. Wal-Mart stores increased 1.3%, while Sam's Club comps improved
Stein Mart Comps Slip 3.4% in July
Stein Mart, Inc. recorded a 2.1% increase in net sales for the month of July to $84.5 million from $82.8 million in the year-ago period. Comparable store sales for the month decreased 3.4%…
BJ’s Sees 1.5% July Comp Gain
BJ's Wholesale Club, Inc. reported sales for July increased by 6% to $650.5 million from $613.9 million. On a comparable club basis, July sales increased by 1.5%…
Buckle Sees 30% Net Sales Jump in July
The Buckle, Inc. saw July net sales jump 30.3% to $44.3 million from net sales of $34.0 million last year. Comparable store net sales, for stores open at least one year, increased 7.6% from comparable store net sales in the year-ago month…
JC Penney July Dept. Store Comps Jump 10.8%
JC Penney Company, Inc. reported that total company sales increased 13.3% for the four weeks ended Aug. 4, including a 13.6% increase in total department store sales. Comparable department store sales increased 10.8% following a 4.9% increase last year, a
Costco July Comps Up 7%
Costco Wholesale reported net sales of $5.02 billion for the month of July, the four weeks ended August 5, 2007, an increase of 11% from $4.53 billion in the same four-week period last year. Comparable sales rose 7%…
