TSA Reports Lease Accounting Changes; Raises Q1 Guidance
The Sports Authority Inc. on Thursday reported that the expected restatement of its earnings due to changes in lease accounting will decrease EPS by a penny per share in its fiscal fourth quarter ended January 29. For the year, EPS were reduced by two c
Retail Ventures Posts Q4 Loss on Comp Sales Decline
Retail Ventures, Inc., parent of DSW Shoe Warehouse, reported that net sales for the fourth quarter ended January 29 increased 5.8% to $761.9 million from $720.4 million in the year-ago period. Total company comparable store sales for Q4 decreased 1.7%.
Redfeather Promotes Glover to VP of Sales
Bonnie Glover will take over as the new vice president of sales for the Colorado based snowshoe manufacturer, Redfeather Snowshoes. Glover takes over for Kris Koprowski who has left the company to pursue a new employment opportunity. Glover will have over
NRF Sees Sales Rise 6.8% Over Year-Ago For March
In spite of unseasonably cool temperatures, consumers were out buying Easter merchandise last month. According to the National Retail Federation (NRF), retail industry sales for March (which exclude automobiles, gas stations, and restaurants) rose a healt
AND 1 Nabs Footwear License for Triple Five Soul Brand…
AND 1 has inked its first footwear license, agreeing last week to manage the design, sales, and marketing of footwear for Brooklyn-based Triple Five Soul. Terms of the deal were not announced. The product is expected to hit U.S. retail in the next few w
Quadriga Acquires Jack Wolfskin…
Funds advised by Bain Capital have sold all shares of Jack Wolfskin to private equity firm Quadriga Capital. Jack Wolfskin’s top management will continue to hold a considerable, but minority, part of the shares. No financial details were disclosed, but J
Retail Execs Stay Upbeat in March…
After a nice retail rebound in February, Retail Executives apparently kept their upbeat attitude in March as an early Easter promised to give them a lift versus the year-ago period. Still, the holiday lift for the month only brought the execs’ outlook fl
Serial Acquirer Alert: Quiksilver Nabs Aussie Retailer…
Quiksilver has been on quite the acquisition tear recently, expanding both their wholesale division through the Rossignol deal reported last month, and now their retail division through the acquisition of Surfection. Surfection has been operating in Austr
March Retail Gets an Easter Boost, But…
March was a month that both giveth and taketh away this year as the upside benefits expected by many due to the earliest Easter in 16 years were offset by the wicked winter weather in much of the northern tier of the country. While the early holiday, whi
Hus Joins Titus Cycles as CEO
Pat Hus has been hired as the Chief Executive Officer for Titus Cycles, joining Chris Cocalis as President. Prior to coming to Titus, Hus was the Vice President of Sales and Marketing at the American Bicycle Group, owners of Litespeed, Quintana Roo, and M
Riddell Bell Holdings Posts Loss for 2004
Riddell Bell Holdings, Inc. reported net sales for 2004 increased 52.6% to $165.9 million, as compared to $108.7 million for 2003 on a pro forma basis. Approximately $47.5 million of the increase was a result of acquisitions including $45.4 million relate
Big 5 to Appeal Delisting Action by Nasdaq
Big 5 Sporting Goods Corporation reported late Friday that it received a notice that it is subject to delisting from the Nasdaq National Market due to the delayed filing of its Annual Report on Form 10-K with the SEC. Commencing Monday, April 11, Big 5 s
Billabong Hires New Jr. Marketing and Events Manager
Billabong has hired Allison Hutchings Perez as Juniors' marketing and events manager where she will join the Juniors' marketing team at Billabong's USA headquarters in Irvine, Calif…
AND 1 Acquires Footwear License for Triple Five Soul
Seth Berger, CEO of basketball footwear and apparel company AND 1, announced the company’s first footwear license acquisition, Triple Five Soul. AND 1 will be handling the design, sales and marketing of the footwear for the Brooklyn-based lifestyle appar
Gander Boosts Net Income on SEC Clarification
Gander Mountain announced revisions to the fiscal 2004 financial results reported on March 11, 2005, and to the restated fiscal 2003 results reported on that date. Net income for fiscal 2004 increased to $1.6 million from $0.8 million as previously report
