J.C. Penney’s Comps Dip 1.9 Percent
J. C. Penney Company, Inc. reported that its comparable store sales for the four-week period ended Aug. 27, 2011, decreased 1.9 percent compared to a 2.3 percent increase in the same period last year. As expected, the Back-to-School selling season started
TJX’s August Comps Inch Up 1 Percent
The TJX Companies, Inc. reported sales for the four-week period ended Aug. 27 were $1.72 billion, up 4 percent over the $1.65 billion achieved during the four-week period ended August 28, 2010…
Adidas Joins Nike and Puma in Chemicals Pledge
Adidas has become the latest company to pledge to eliminate the release of hazardous chemicals throughout its supply chain. Plotting a similar timeframe as Nike and Puma, Adidas promised to eliminate the discharges across both its entire supply chain and
Osprey Packs Promotes Sarah Harper Burke to Retail Marketing Manager
Osprey Packs, Inc. promoted Sarah Harper Burke to the position of retail marketing manager. Burke joined the company in 2009 as pro deal and program packs manager…
Protege Launches Give Back Movement
Protege, the athletic footwear and apparel collection available exclusively at Kmart, plans to take its “giveback” philosophy one step further with the Protege Movement, a social campaign featuring a public service pledge championed by Roger Mason, Jr. (N
Genesco Narrows Q2 Loss, Raises Full-Year Outlook
Genesco Inc. reported earnings from continuing operations for the second quarter ended July 30, 2011, of $0.4 million, or 1 cent per share, compared to a loss from continuing operations of $2.4 million, or 10 cents, a year ago. Comparable store sales incr
Accell Ups Stake in Derby Cycle AG to 22 Percent
Accell Group said it will increase its minority stake in newly public Derby Cycle AG to approximately 22 percent. Accell Group has acquired shares through the stock exchange thereby taking advantage of the recent lower share price levels.
Eurobike Opens with More E-bike Buzz
E-bikes and 29-inch trekking bikers are expected to generate much of the buzz at the 20th annual Eurobike Trade Show that kicked off Wednesday, Aug. 31 in Friedrichschafen, Germany. Roughly 1,180 exhibitors from 45 countries will be presenting at the show
Soles4Souls Expands Procurement Department
Soles4Souls Inc. hired three staff in the procurement department of Soles4Souls, Clothes4Souls, and Hope4Souls…
Nordstrom Offers Free Shipping and Returns
Nordstrom Inc. has decided to offer free shipping on online orders for nearly all purchases less than $200. Up to now, the policy had been free shipping only for purchases over $200…
Adidas Aims at Market Leadership in Poland with UEFA EURO 2012
Adidas Group will use the UEFA EURO 2012 as a platform to achieve market leadership in Poland by 2015, CEO Herbert Hainer said Tuesday in Poland. The company expects the sponsorship will enable it to achieve leadership in the soccer category in Poland in
Saks to Open 5 More Off 5th Stores
Saks Inc. will open five Saks Fifth Avenue Off 5th stores in 2012. The stores will be located in Merrimack, NH, Syracuse, NY, Livermore, CA, Grand Prairie, TX, and Nashville, TN…
Texas Cuts 2012 Budget for State Parks and Wildlife
The 2012 budget approved last week by the Texas Parks & Wildlife Commission cuts funding for the Texas Parks and Wildlife Department by 21.5 percent…
Warrior Signs Lacrosse Superstar Paul Rabil
Warrior has signed 2011 MLL Champions Boston Cannons midfielder and 2011 Major League Lacrosse (MLL) MVP Paul Rabil to lead its roster of sponsored lacrosse players. Effective immediately, Rabil will wear and use Warrior gear on the field, while training,
Brunswick Sells Sealine To Investment Group
Brunswick Corporation has sold its Sealine brand of boats, based in Kidderminster, UK, to The Oxford Investment Group. Terms of the transaction were not disclosed. The company is currently determining the amount of restructuring charge associated with t
