J.C. Penney’s Comps Drop 6.5%
J.C. Penney reported comparable store sales decreased 6.5% for July, compared with the company’s guidance for sales to decrease mid-single digits. In last year’s July period, comparable store sales increased 12%, largely driven by a calendar shift that mo
Finish Line Extends Sole Destination
The Finish Line, Inc. announced that it will extend its partnership with Soles4Souls, the international charity dedicated to providing free footwear to those in need, and will continue the national shoe trade-in program, “Sole Destination,” at all 697 Fin
Dorel’s Bike Business Jumps on Cannondale Acquisition
Dorel Industries Inc. reported that company-wide net revenues rose 29.3% to $593.7 million from $459.0 million for the same period a year ago. Net income for the second quarter ended June 30 was $31.3 million or 94 cents per diluted share compared to $10.
Deckers Posts 72.8% Q2 Sales Jump, But Teva Write-Down Hurts
Deckers Outdoor Corporation saw company-wide net sales jump 72.8% to $91.1 million versus $52.7 million last year. A write-down of Teva trademarks, however, caused the company to report a net loss of $3.8 million after net income of $2.3 million last year
Grammici Taps ROI for Canadian Distribution
Gramicci is expanding distribution of its outdoor lifestyle apparel brand with the signing of Canadian distributor Recreation Outfitters Inc. (ROI)…
Grabber and RopeLok Partner
Grabber has inked an exclusive distribution partnership with RopeLok, the manufacturer of the No Knot RopeLok, a tie-down product with lever locking technology that eliminates the need for tying knots…
Iconix Reports Record Q2 Earnings
Iconix Brand Group reported a revenue of $51.7 million for the second fiscal quarter of 2008, a 32% increase from revenue results reported for the same quarter a year ago, earnings before interest, taxes, depreciation and amortization for the second quart
Modell’s Expands with New Stores in NJ and PA
Modell's Sporting Goods, the family-owned and operated retailer of sporting goods, sporting apparel, menswear and athletic footwear, has added two new stores to its northeast chain in New Jersey and Pennsylvania…
The North Face to Open Atlanta Store
The North Face plans to open its Atlanta store on Aug. 15. The 6,000-square-foot store in Buckhead is the company's 22nd retail location. It incorporates The North Face updated retail design, which features oversized graphics, concrete floors, wood a
New Tecnica Exec Will Target Outdoor Retailers in U.S.
Tecnica has hired the former CEO of Salomon Group to bolster its footwear business in the United States in what the Italian company described as the second step of a three-year strategic plan. Jean-Luc Diard, 50, will lead the effort as SVP for business d
WSA Sees Gravitation to Hybrid Footwear
WSA higlighted some key trends for Spring 2009, exemplified by a blurring of the lines between categories and a solid trend toward hybridization. Namely, the WSA has noted a recent gravitation towards hybrid footwear…
Mervyns LLC Files for Bankruptcy
Mervyns LLC filed for bankruptcy Tuesday, with the Northern California-based mid-tier department store chain planning to keep its 177 stores open while restructuring the retailer's debt and realigning business operations…
K-Swiss Net Gets Payless Payout Boost
It was another quarterly sales decline for K-Swiss as growth in performance and fashion product could not offset the continued softness in the white-leather-foot-covering Classics business. International proved a positive market again this quarter, though
Big 5 Sporting Goods Q2 Profits Drop
Big 5 Sporting Goods felt pressure from the soft retail environment out west, showing the difficulties extend from the top tier to the volume guys. Same-store sales declined 7.6% for the second quarter, primarily due to a mid-single digit decrease in cust
Under Armour Posts Strong Q2 Sales Growth
Under Armour closed its second quarter with sales above the year-ago period, while cluing analysts in to its plans for new product launches in the back half of this year and the first half of 2009. However, net income declined as a result of front-loaded
