Nordstrom Q2 Earnings Dip on Calendar Shift
Nordstrom, Inc. reported its results for the second quarter, which reflected a shift in timing of the Anniversary Sale event with one week of the event moving into the fiscal third quarter. Net earnings were $156 million, or 75 per diluted share, for the
Penney Logs Loss in Q2
J.C. Penney Co. Inc. reported an adjusted net loss in the second quarter of $81 million or 37 cents per share, excluding restructuring and management transition charges, inventory transition markdowns, gain on the redemption of the Simon REIT units, net o
Broder Bros. Earnings Sink in Q2
Broder Bros., Co. reported second quarter 2012 sales were $221.9 million compared to $227.1 million for the second quarter 2011. Hurt by lower gross margins, income from operations for the second quarter 2012 was $7.0 million compared to $23.3 million for
SGMA Honors National Health Through Fitness Day Athletes Who Won Gold in London
During the recently completed Olympic Games in London, seven of the Olympic athletes in the U.S. delegation have attended at least one of SGMA’s past National Health Through Fitness (NHTF) Days. Of those seven athletes, six of them won a gold medal
DealerCamp Attracts More than 600 IBDs
Lifeboat Events said that more than 600 buyers attended Dealer Camp at Utah's Deer Valley resort to visit with top independent brands, test ride next year’s gear and take in some very exciting cyclo-cross racing…
Whistler Blackcomb EVP/CFO Kevin Smith to Resign
Whistler Blackcomb Holdings Inc. announced the resignation of Kevin Smith as executive vice president and chief financial officer for personal reasons, effective September 10, 2012. On that date, Dave Brownlie will be appointed interim CFO of the corpora
FGL Sports Reports Broad Category Strength in Second Quarter
Retail sales at FGL Sports, which includes 501 Sport Check, Sport Mart, Atmosphere and other sporting goods banners, increased 4.2 percent in the second quarter over the comparable period in the prior year, according to parent company Canadian Tire Corpor
Easton-Bell Sports Q2 Buoyed by Team Sports, North America
Easton-Bell Sports, Inc. reported net sales edged up 1.0 percent in the second quarter as team sports and cycling sales in North America offset action sports declines in Europe. Gross margin increased by 150 bps to 35.0 percent and Adjusted EBITDA increas
New Cotton Dyeing Technology Dramatically Reduce Water Use
ColorZen LLC announced the launch of a groundbreaking technology that will revolutionize the way cotton is dyed, eliminating water pollution and vastly reducing water and energy consumption. ColorZen technology reduces water consumption by 90% and can dye
Teijin to Build Polyester Recycling Plant in Zhejiang Province
Teijin Limited is establishing a joint venture in Zhejiang Province that will chemically recycle polyester, as well as manufacture and sell the resulting fibers, with the aim of establishing a closed-loop recycling system in China…
Ibex Outdoor Clothing Names Global Production Director
Ibex Outdoor Clothing hired Ken Stone as global production director, which will make him responsible for product costing, sourcing, production planning, supply chain management, materials management and quality control…
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Euro’s Weakness Curbs Second Quarter Growth at Dorel’s Bike Business
Dorel Industries reported that a weak euro slowed growth at its Recreational/Leisure segment, which sells bikes to both the IBD and mass channel, in the second quarter. Revenues edged up 1.1 percent to $251.9 million, while gross profit increased 4.3 perc
ShopIgniter Enters San Francisco Market
ShopIgniter, which helps brands promote products, sales and events through social media, reported its second quarter revenue grew 285 percent over the second quarter of 2011 and said it is adding three senior management hires and expanding to the San Fran
Columbia Sportswear Forms 60/40 Joint Venture With Chinese Distributor
Columbia Sportswear Company has agreed to form a 60/40 joint venture with its distributor in mainland China – Swire Resources Ltd. – in a bid to accelerate already rapidly growing sales of Columbia and Mountain Hardwear branded products in the country…
Rising Paid Search Costs, Promotional Activity Hurt Liberty Interactive Earnings
Liberty Interactive Corp. reported that earnings at its e-commerce business, which includes controlling interests in Backcountry.com and Bodybuilding.com, dropped sharply in the second quarter as a result of legal settlements, increased spending in paid
