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
Ogio Promotes Two to VP Positions
OGIO reports that it will promote Tom Gocke to VP/global golf and Nick Wright to VP/global ASI (ad specialty industry) due to one of its most successful sales spikes in its 20-year history…
Patagonia Opens First Store in Texas
Patagonia has opened its 25th retail store and its first location in Texas. The new 7,000-square-foot Patagonia store is located in a historic building that began life as the W.B. Smith dry goods store in 1884, four years before the state capitol down the
Zappos Lays Off 8% of Workforce
Zappos.com has laid off 8% of its workforce and may close some of its retail locations in Nevada and Kentucky. According to an e-mail to employees that was posted on the company's blog, Zappos CEO Tony Hsieh said, “This is one of the hardest decision
Phoenix Footwear Sales Fall in Q3
Phoenix Footwear Group, Inc. reported net sales from continuing operations decreased 16.4% to $18.7 million, compared to $22.3 million for the third quarter of fiscal 2007. Management said the company experienced sales declines across all of its brands…
FGX Sunglass Unit Posts 20% Sales Gain in Third Quarter
FGX International said sales of sunglasses and prescription frames rose nearly 20% in the third quarter ended Oct. 4 to $10.4 million. The figures include sales of Foster Grant and Gargoyles branded sunglasses to Wal-Mart and other mass, drug, airport and
LaCrosse Receives $2 Million Order from Army
LaCrosse Footwear, Inc.'s Danner subsidiary received a $2.0 million delivery order from the U.S. Army for Danner Combat Hiker boots. Danner will primarily deliver these Combat Hiker boots during the first quarter of 2009…
