Steve and Barry’s Finds Opening Bidder for Assets
Steve & Barry's LLC, , which filed for bankruptcy in early July, agreed to be acquired by turnaround specialist Bay Harbour Management LC for $163 million. Bay Harbour plans to operate the chain store as a going concern, so long as a deal on renegoti
PacSun, Zumiez Report Weakening Q2 Comps
Pacific Sunwear of California, Inc. reported July net sales decreased 3% at its PacSun stores to $99.1 million from $102.4 million last year, while comps declined 4%. Geographically, comps were strongest in Texas, the Midwest and New England, but were wea
SGMA Gauges Interest in Swimming, Basketball
In light of the 2008 Beijing Games, the Sporting Goods Manufacturers Association (SGMA) has conducted and released studies gauging American interest of and participation in two of the country’s most popular activities-swimming and basketball. According to
Amer Sports Struggles with North American Market
Although apparel and especially footwear performed well, weakness in most other categories and particularly in North America led to a widened loss for Amer Sports in the second quarter. Citing the tough economic climate and lower-than-expected level of pr
Gander Mtn. Welcomes Back Catalogs/E-Commerce
Gander Mountain, which was previously prevented by Cabelas from operating a website or employing direct marketing operations, has launched its first e-commerce site and announced a catalog to be mailed in coming weeks…
Hybrids, Drivers Drive Q2 Growth for Adams
Adams Golf reported a 9% increase in net sales for the second quarter, largely due to a low to mid double-digit increase in driver and hybrid sales and a low-single-digit increase in sales of irons…
ITC Reaffirms Ruling Against Crocs
Crocs fell short yet again in its ongoing struggle to prevent other companies from importing footwear similar to its own foam designs. In another noteworthy setback for the firm, the U.S. International Trade Commission has reaffirmed an April ruling verif
Heelys Sales Continue to Plunge in Q2
Heely’s, Inc. 2008 sales continued their downfall for the second fiscal quarter as net sales plummeted more than 400% as compared to the same period last year. Gross margins, down 12% from the second quarter of 2007, were significantly impacted by “aggres
Softgoods Drive Mid-Teens Q1 Sales Growth for ASICS
ASICS Corp. reported that net sales increased 14.9% to ¥65.32 billion ($625.8 mm) for the first quarter ended June 30, up from ¥56.84 billion ($471.2 mm) a year earlier. Net income jumped 22.6% to ¥7.57 billion ($72.6 mm) from ¥6.18 billion ($51.2 mm) las
SGMA Gauges Interest in Swimming, Basketball
In light of the 2008 Beijing Games, the Sporting Goods Manufacturers Association (SGMA) has conducted and released studies gauging American interest of and participation in two of the country’s most popular activities-swimming and basketball…
Crocs Lays Off 75
Crocs Inc. laid off 75 U.S. operations employees on Thursday, a move that Crocs spokeswoman Tia Matteson said was a “larger part of our efforts to reduce overall spending,” according to Boulder’s Daily Camera….
DSW Comps Down 6.9%
DSW Inc. reported net sales for the quarter ended August 2, 2008 increased 2.4% to $357.2 million compared with $348.7 million for the quarter ended August 4, 2007. Same store sales decreased 6.9% for the comparable period versus an increase of 5.9% last
Neiman-Marcus Sees July Comps Slip 1.7%
Neiman Marcus, Inc. reported comparable store sales for July decreased 1.7% to $265 million. Overall net sales slipped 0.3% for the month ot $268 million from $269 million last year…
Nordstrom’s Comps Drop 6.1% in July
Nordstrom, Inc. reported sales during July declined 6.7% to $840 million from $901 million a year ago.. Same-store sales decreased 6.1%. Preliminary second quarter sales of $2.29 billion decreased 4.3% compared to sales of $2.39 billion during the same pe
Target’s July Comps Rise 1.2%
Target Corporation reported that its net retail sales for the four weeks ended August 2, increased 4.7% to $4.56 billion from $4.36 billion. On this same basis, July comparable store sales declined 1.2%…
