Retail Comps Slide 2% for August, but Analysts Are Optimistic for Holiday
Retail continues to struggle in the throes of an economy that is not conducive to consumer spending, but same-store sales for the fiscal month of August painted a slightly more optimistic picture regarding outlook for Holiday 2009 — despite representing
Americans Expect to Keep Spending in Check for Holiday
Back-to-school shopping season hasn’t even ended yet, but American consumers are looking ahead to the Holiday shopping period with some trepidation. Based on a recent consumer survey conducted by The SportsOneSource Group, more than half the respon
G-III Apparel Shrinks Q2 Loss
G-III Apparel Group Ltd. narrowed its loss in the second quarter to $2.8 million, or 17 cents a share, from $3.85 million, or 23 cents, a year earlier. But the leather outerwear company also warned that it may not be profitable until next year's seco
Gander Mountain Exits PowerSports; Go Forward Categories Comp Up 1.8%
Following up on an especially strong first quarter that saw boosts from several key product segments, Gander Mountain reported disappointing second quarter results as losses widened on sliding revenues. Company management attributed disappointing results
CLC Forecasting Decline in Sales and Licensing Revenues for Year
Collegiate Licensing Company, which manages the trademarks of most major colleges, is forecasting retail sales of college fan merchandise could be down 7% this year from sales of $4.3 billion last year. In an interview with Reuters, Derek Eiler, SVP and
Quiksilver, Inc. Meets the Street in Fiscal Q3, Forecasts Loss for the Fourth Quarter
Quiksilver Inc. managed to show a small profit in its fiscal third quarter ended July 31, thanks to cost cutting efforts. But the company surprised Wall Street by forecasting a loss in the fourth quarter due to weakening sales and higher interest costs.
Lululemon to Launch Kids Product and Retail Concept
Lululemon athletica inc. is introducing ivivva athletica, a new brand the vertical retailer said is focused on 6-12 year olds and will feature technical, multi-functional apparel that will include many of the design features found in lululemon product…
OBIT: Melvin Olshansky, Maurice Sporting Goods
Melvin A. Olshansky, the chairman of Maurice Sporting Goods in Northbrook, IL, died on Aug 29 at the age of 74, according to The Chicago Tribune. He had been hospitalized for several months with a number of maladies, including respiratory problems and kid
Amer Sports Exploring Sale of Mavic; Lowers 2009 FY Guidance
Amer Sports is currently exploring a sale of its cycling business Mavic. The Finland-based business, which owns the Wilson, Salomon, Atomic, Precor and Suunto brands, also lowered its outlook for the current year while unveiling a €150 million ($21
Cabela’s Sells Taxidermy Subsidiary to PE Firm
Cabela's closed on the sale of Van Dyke's Taxidermy, a division of Cabela's Inc., to McKenzie Sports Products, LLC, a Gridiron Capital portfolio company…
Outdoor Sales See Little Benefit from August Back-to-School Tax Free Days
Early signs of a turnaround for Outdoor Apparel, Footwear and Hardgoods reported in July may have been premature as August looks to be another flat month for retailers who do business in the sector…
OIA: July Outdoor Sales Slip 4% on Cool Unseasonable Weather
According to the July Outdoor Industry Association (OIA) Outdoor Topline Report, retail sales for chain, internet, and specialty outdoor retailers declined 4% compared to last July, moving from $371 million to $358 million. The positive trend in close-to-
Camelbak Aims to Capitalize on Aluminum/BPA Scare with ‘Steel of a Deal’ Program
CamelBak is offering a free CamelBak insulated stainless steel water bottle to consumers who send in a photo of their aluminum water bottle with a liner containing Bisphenol A (BPA). The photos should depict ways which consumers are recycling these alumi
Patagonia Terminates Marketing Relationship with SIGG
Patagonia has terminated all co-branding and co-marketing efforts with SIGG, Inc. It has come to Patagonia’s attention from recent news reports that a Bisphenol A (BPA) epoxy coating was used in most aluminum SIGG bottles manufactured prior to Augus
Sunice Appoints New EVP of Sales for the U.S. Market
Sunice, the golf apparel firm based in Montreal, appointed Howie Ellis as its EVP of sales for the U.S. With experience as the director of sales for Callaway Golf and apparel and strategic account manager for Adidas Golf, he is tasked to grow Sunice'
