TJX March Comps Inch Up 1%
The TJX Companies reported March 2005 sales were $1.4 billion, up 6% over the $1.3 billion achieved during the five-week period ended April 3, 2004. For the nine weeks ended April 2, 2005, sales reached $2.5 billion, a 9% increase over last year's $2
Bain Sells Jack Wolfskin to German Investment House, Quadriga
Funds advised by Bain Capital have sold all shares of Jack Wolfskin to private equity firm Quadriga Capital. Jack Wolfskin Top Management will continue to hold a considerable part of the shares. No financial details were disclosed…
NRF: Retailers Oppose Commerce Dept. Proposal on Chinese Imports
The National Retail Federation said it opposed plans announced by the Commerce Department to consider new “safeguards” limits on textile and apparel imports from China. “Safeguards quotas simply are not warranted,” NRF Vice President and International Tr
NRF Voices Sarbanes-Oxley Concerns to SEC
The National Retail Federation has submitted comments to the Securities and Exchange Commission on the impact of Sarbanes-Oxley Section 404, encouraging the SEC to review lessons learned from the past year of SOX implementation. Members of NRF's Inte
Big 5 Posts Positive Q1 Comps; Will Restate Earnings for Two Years
Big 5 Sporting Goods Corp. reported that, based on preliminary sales results, it expects to post a same store sales increase of approximately 1.7% for the first fiscal quarter ended April 3, 2005 versus the year-ago period. BGFV also reported that it wou
Former Brooks Sports Chairman Moves Back to Retail
Dry Ice, Inc., a specialty retailer of home furnishings for teens, has named retail veteran Ann Iverson as acting Chief Executive Officer. Ms. Iverson recently led the growth and expansion of the Brooks Sports as Chairman of the Board.
The Buckle Completes Stock Buy-Back From Founder
The Buckle has completed its stock buy-back with Daniel J. Hirschfeld, founder and Chairman. On March 24, 2005, the Company entered into an agreement to purchase a total of 3,000,000 shares of the Company's outstanding common stock from Mr. Hirschfel
The Sports Authority Rolls Out The Red (Sox) Carpet for Investors…
TSA held an investor day on March 29 in the soon-to-be demolished .406 club at Fenway Park, with chairman and CEO Doug Morton starting the conference by telling investors that “We want the customer to come to TSA instead of WMT”. He then proceeded to des
SGMA Issues a Call to Action for National P.E. Day Lobbying Efforts…
SGMA has put out an all points bulletin to the sporting goods industry to rally support for P.E.4LIFE’s 5th Annual National P.E. Day and the associated lobbying efforts to support funding for physical education programs in schools. At issue is a cut in f
The Walking Company Keeps Big Dog in Positive Territory in 2004…
The Walking Company kept Big Dog Holdings in positive territory for the year when adding in the ten months of business under its new parent, and a closer look at pro forma results shows that TWC revenues grew 10.0% to $70.9 million in the fiscal year ende
Zumiez is Firing on All Cylinders as IPO Approaches…
Zumiez, Inc. filed its amended S-1 last week as the Seattle-based action sports retailer prepares to enter the public market this spring. Based on the company’s most recent results, management has read all the right books about dressing yourself up for t
Asics and Brooks Roll Ahead of Nike and New Balance at Fleet Feet…
Fleet Feet, Inc. released its 2004 annual report last week, boasting a total of 61 franchise stores at year-end after successfully opening a record 12 new stores for the year. Jeff Phillips, the former Brooks exec who joined Fleet Feet three years ago an
Golfsmith Q4 Net Loss Expands on Comp Sales Decline…
Golfsmith International filed its 10-K for 2004 last week, posting a net loss in the fourth quarter that erased all profits for the year. Based on calculations made by SEW, consolidated revenues for Q4 declined 3.1% to $59.6 million, compared to $61.5 mi
Industry Retail Continues Surge in Profit Gains…
It was relatively calm in the retail market in the fourth quarter with no major mergers, acquisitions, or IPO’s announced in the sporting goods retail sector. The radical swing in numbers seen in quarters past from those activities was noticeably missing
Comet Sports Marketing Hires Barnwell
Comet Sports Marketing has named Alison Barnwell as its new Director of Sales and Marketing. Barnwell will oversee all strategic growth, new sponsorship sales, as well as the development of marketing elements for the existing sports properties represented
