Intrawest Confirms Lay Offs
Ski resort operator Intrawest is laying off an undisclosed number of employees at its resorts amid reports of a big drop in advance bookings at destination ski resorts across North America. The news follows Intrawest's eleventh-hour refinancing of a
Nike Increases Quarterly Dividend by 9%
Nike's board of directors has declared a regular quarterly cash dividend of 25 cents per share on the company’s outstanding Class A and Class B common Stock. On an annual basis, this is an indicated rate of $1.00. The 25 cents per share quarterly div
Modell’s Hires Sporting Goods VP and GMM
Modell’s Sporting Goods hired Roger Kitch as the new VP and GMM for its Sporting Goods Division. Kitch joins the company bringing over 15 years of retail experience with him, most recently having been Senior Merchant for…
Big City Mountaineers Wins $90,000 Grant
The Stewardship Council, a land conservation and youth investment program, awarded Big City Mountaineers in Alameda County, CA. $90,000 to introduce underserved families to nearby parks and outdoor recreation…
Skins Closes Private Placement
Skins Inc., the developer of interchangeable footwear, has accepted subscription agreements for private placement units totaling $811,968 of which $475,000 cash proceeds have been received, $83,218 is derived from offsets against Board fees and consulting
Holiday Gift Card Sales Expected to Decline
Shoppers’ price-conscious mentality is taking a toll on the season’s most-requested present: gift cards. The National Retail Federation's sixth annual Gift Card Survey found that gift card sales will fall nearly 6% this holiday season to $24.9 billio
Hibbett Raise Earnings Outlook on 8.1% Sales Increase
Hibbett Sports Inc. raised its earnings outlook for the fiscal year ended Jan. 31, 2009 saying its IT investments were helping it better manage inventory and boost comp store sales despite economic headwinds. The company said net sales rose 8.1% on a 0.4%
Zumiez Q3 Comps Drop 5.8%, Net Sales Rise 7.9%
Zumiez Inc. saw total net sales for the third quarter ended Nov. 1, 2008 increased by 7.9% to $112.2 million from $104.0 million reported in the third quarter ended Nov. 3, 2007. Comparable store sales decreased 5.8% for the third quarter of fiscal 2008 c
Foot Locker Reports Q3 Sales Slip 3.5%, Cuts FY EPS Outlook
Foot Locker, Inc. reported net income of $24 million, or 16 cents per share, for the third quarter ended Nov. 1, 2008, compared with net loss of $33 million, or 22 cents per share, last year. But the retailer lowered its guidance for fiscal 2008 below ana
Timberland Licenser Has 4% GAAP Revenue Rise in Q3
For the third quarter of 2008, Phillips-Van Heusen Corporation, licenser of Timberland apparel, had total GAAP revenue increase 4% to $727.5 million from $696.4 million in 2007. The company has revised its previous projection for full year earnings per sh
TapouT Signs Kid’s License
TapouT, a mixed martial arts apparel, gear and lifestyle brand, has signed a licensing agreement with Kids Headquarters to expand the current offering of children’s apparel and provide products to TapouT customers nationwide. The deal represents its first
Report: Steve and Barry’s to Liquidate
Steve & Barry's LLC is set to announce this week it will go out of business, according to a report in the Wall Street Journal. Bay Harbour Management LC, the private-equity firm based in New York that acquired 175 of the stores less than three months
TSL Snowshoes Adds to Sales Team
TSL Snowshoes, manufacturer and distributor of domestically produced snowshoes, has added the Shaw & Heald Sales group to their national sales rep team. The group headed up by Andy Shaw and Scott Heald will be responsible for the New England Territory…
NSGA: Most Sporting Goods Retailers Improving Performance
Almost all specialty retailers, from small to large, improved key measures of profitability and productivity versus two years ago, according to data in the newly released NSGA Cost of Doing Business Survey. Almost 150 specialty retailers participated in t
NexCen Sees 85% Q3 Revenue Gain
NexCen Brands, the parent of The Athlete's Foot, expects to report revenues from continuing operations of its franchise business of approximately $12 million in the third quarter of 2008 compared with $6.5 million in the third quarter of 2007, an inc
