Luxotica Acquires Optical Chain in China
Luxottica Group will acquire Xueliang Optical, the leading premium optical chain in Beijing, China. Luxottica Group will acquire 100 percent of the equity interest in Beijing Xueliang Optical Technology Co. Ltd. for a purchase price of RMB 169 million (ap
Golf Galaxy Establishing Upper Midwest as Golf Retail Mecca…
Golf Galaxy reported that net sales for the fiscal first quarter ended May 28 increased 52.6% to $58.6 million from $38.4 million in the first quarter of fiscal 2005. Net sales from new stores opened in the current or prior fiscal year contributed $15.4
Sport Chalet Posts Another Solid Performance…
Sport Chalet doubled its earnings in the fiscal fourth quarter March 31, raising the contribution to the bottom line by more than a third for the full year results. The SoCal-based retailer, which has been expanding its reach into NorCal and surrounding
DSW and Volcom Rock the Market with Hot IPO’s…
The positioning of the two brands couldn’t be more different but the results were similar as DSW Shoe Warehouse and Volcom both hit the road running in the public market last week and never looked back. DSW debuted on Wednesday, pricing at $19 a share, o
Recall: Nautilus Excercise Benches
Nautilus Inc., in cooperation with the U.S. Consumer Product Safety Commission has issued a voluntary repair recall of about 10,000 Nautilus NT 1020 Exercise Benches. The company is requesting that consumers stop using the exercise benches immediately an
Stride Rite Chalks Up Q2 Keds Decline to Repositioning; Hilfiger Continues Decline…
The Stride Rite Corporation got little help on the top line from most of its core brands for the fiscal second quarter ended June 3. But improving margins at Keds helped push total GM higher, nearly offsetting the increase in operating expenses for the pe
Nike Inc. Lays Out Opportunity for Global Multi-Brand Strategy…
After a rather tepid presentation of some arguably outstanding results on their earnings conference call on Monday (SEW_0526), Nike management on Tuesday took some of their biggest investors and some influential analysts through their detailed plans for t
Huffy May Become Private, Chinese-Owned Company…
After nine months under Chapter 11 bankruptcy protection, Huffy Corp. last week provided some guidance on its plans for reorganization. HUF filed papers with the SEC pertaining to an “agreement in principle” between Huffy and a group of creditors includ
Sales Representatives – Kayland
Kayland, an Italian manufacturer of performance mountaineering, backpacking, and hiking shoes, is looking to take “a step ahead” in the US market. We are seeking seasoned sales professionals to help us build the Kayland brand in the following terri
The Stride Rite Corp. Had Backed Off Saucony Deal on Backlog Weakness; Minority Shareholder Says No to Merger Vote…
There’s a small fly in the ointment with the pending deal that will see The Stride Rite Corporation acquire Saucony, Inc., but the issue isn’t expected to have any impact on the eventual outcome of the deal, which requires a two-thirds affirmative vote by
Finish Line to Focus More on Efficiencies as Comps and Top-Line Growth Moderate…
The Finish Line may have seen their best quarters of top-line growth behind them now as the athletic specialty retailer starts to settle into the reality of more moderate comparable store sales gains and focus on operational efficiencies as the main drive
Nike Q4 Earnings Up 15% on 7% FX Rate-Aided Sales Gain
Nike, Inc. reported fiscal fourth quarter revenues increased 7% to $3.7 billion from $3.5 billion for the same period last year. FX rate changess account for three percentage points of the growth. Fourth quarter net income was up 15% to $349.5 million, or
ISIS Hires Kokx and Toy for Design and Sales Teams
ISIS For Women appointed Lisbeth Kokx as technical outwear developer and Kristen Toy as national sales manager, a new position. Toy will be responsible for all aspects of ISIS domestic sales including overseeing ISIS regional sales force and dealer servic
Spalding Announces New Category Marketing Manager
Spalding announced the promotion of Brian Kelly to category marketing manager, football and soccer, for Spalding, effective June 1. Kelly, who joined Spalding in 1998, will continue to report to Llewellyn…
Cloudveil Adds Several New Faces and Promotions
Cloudveil hired several new people to further bolster areas of support and to meet demand. In Jackson, Cloudveil has added Ned Hutchinson as Product Line Coordinator, Casey Shaw as Product Line Development/Designer and Annie Putnam as the Consumer Marketi
