PPR Spinning Off Stores to Focus on Fashion Brands
PPR SA is planning on selling its once-core French retail businesses – including the electronics retailer Fnac and the Conforama discount furniture stores and the mail-order catalog business Redcats – to focus on developing its fashion brands such as Yves
Cleveland.Srixon Names Lovejoy Product Manager for Women’s/Juniors Category
Cleveland Golf/Srixon said that, effective immediately, Jilayne Lovejoy has been promoted to the position of Product Manager for the Women’s & Junior categories…
Smith Optics Named Utah Manufacturer of the Year
Smith Optics Manufacturing (Smith MFG) was recently named by MEP (Manufacturing Extension Partnership) as Utah’s Manufacturer of the Year for Innovation and Technology Commercialization, according to a press release by the company…
SandP Lowers Foot Locker’s Debt Ratings
Standard & Poor's lowered the debt ratings of Foot Locker Inc. one notch to B+ from BB-. The rating agency cited operational challenges due to poor same-store sales and eroding credit-protection measures…
NRF Sees 134 MM Black Friday Shoppers
According to a preliminary Black Friday shopping survey, conducted for the National Retail Federation by BIGresearch, up to 134 million people will shop this Friday, Saturday or Sunday, higher than the 128 million people who planned to do so last year. Ac
Brown Shoe’s Earnings Rise, Famous Footwear’s Comps Up 4.7%
Brown Shoe Co. reported net sales decreased 1% in the third quarter to $625.6 million from $631.7 million a year ago. Same-store sales for Famous Footwear increased 4.7% during the quarter and Specialty Retail same-store sales increased 4.1%…
NanoHorizons Opens New Headquarters
NanoHorizons Inc., the provider of nanosilver antimicrobial solutions marketed under the SmartSilver brand, has consolidated its corporate offices, manufacturing operations, and laboratories into a new facility located in Bellefonte, PA…
ComScore Forecasts 3% Growth in Holiday Online Spending
ComScore reported e-commerce spending for the first 22 days of the November – December 2009 holiday season were $8.21 billion, marking a 2% increase versus the corresponding days last year…
NSGA Study: Female Fitness Participation Grows
Among the 39 sports surveyed by the National Sporting Goods Association (NSGA), exercise walking, swimming and exercising with equipment attracted the greatest number of female participants seven years of age and older in 2008, according to data in the As
Mizuno Corp. Fiscal H1 Profits Fall on Global Revenue Declines
Mizuno Corporation again got little help outside of its native Japan in the fiscal first half ended September 30 as all non-domestic regions posted strong double-digit declines for the period. Total worldwide revenues declined 10.1% to ¥76.2 billion ($7
Russell Agrees to Re-Hire Honduran Workers
With leaders of the long-running anti-sweatshop movement heralding it as their biggest victory to date, Russell Athletic agreed to open a plant in Honduras as a unionized factory and rehire 1,200 workers who had lost their jobs when Russell closed a facto
Dick’s Sporting Goods Triples Third Quarter Net; Cuts Q4 Outlook
Dick's Sporting Goods Inc reported third-quarter earnings more than tripled with the help of higher sales and lower expenses, handily topping Street estimates. But shares fell 10% last week after it projected that the fourth quarter would fall short
Shoe Carnival Posts Breakout Third Quarter
Shoe Carnival, Inc. attributed its strong third fiscal quarter performance to a large selection of value-priced name brand footwear that resonated well with consumers. Higher-than-expected sales of athletic product during the back-to-school season and ver
Pou Sheng Sees Fiscal Year Loss
Pou Sheng International (Holdings) Ltd., the retail arm of footwear maker Hong Kong-based Yue Yuen Industrial (Holdings) Ltd., said it expects to show a net loss in the fiscal year ended Sept. 30…
Foot Locker Posts Q3 Loss On Weaker U.S. Business; Europe Starts to Improve
Foot Locker, Inc. saw the U.S. business remain a challenge in the fiscal third quarter, but also saw some improvement on a quarter-by-quarter sequential basis in both the U.S. and European businesses. The U.S. weakness was also cited as the primary reaso
