Famous Footwear Q3 Sales Hurt by Women’s Casual; Athletic Seen as Bright Spot
An increase in stores and marketing activity failed to counter slower consumer spending at Famous Footwear in the third quarter ended Nov. 1. The family footwear retailer started the quarter with a “solid” back-to-school season, “driven largely by athlet
DSW Lowers Fiscal Year Guidance Again; Embarks on Major Athletic Promotion
DSW Inc. once again lowered its fiscal full year earnings guidance, citing one-time costs and a downturn in consumer spending. The footwear retailer said it now expects to earn 62 cents to 72 cents per share for the year, down from its August estimate of
Genesco Third Quarter Results In Line With Adjusted Guidance
Genesco Inc. said its results for the third quarter reflected solid performances at Journeys, Hat World and Dockers, partially offset by challenges at Johnston & Murphy. The company ended the quarter with 4% less inventory, thanks to solid back-to-school
Dealers Upbeat at Sports Inc. Show as Institutional Biz Offsets Soft Retail
At the Sports, Inc. show in Las Vegas last week, the common story on the show floor was ‘retail is difficult, but the actual dealer business itself is doing quite well.’ As a result, most dealers seemed relatively upbeat and ready to tackle what might be
Firearm Industry Recognizes 10th Anniversary of NICS
The National Shooting Sports Foundation (NSSF)-the trade association for the firearms industry-and its National Association of Firearms Retailers (NAFR) division-recognized yesterday the 10 year anniversary of the FBI National Instant Criminal Check Syste
Canadian Co-op Buying Sportsman’s Warehouse
Alberta, Canada-based UFA Co-operative Limited is poised to acquire a majority interest in Utah-based Sportsman’s Warehouse, increasing the co-operative’s annual revenue by $800 million. UFA has already made a significant cash injection into the US retai
Intrawest Names New President/CEO
Intrawest appointed Frank DeBerry to the position of President and COO at Mountain Creek in New Jersey. In this role, DeBerry will be responsible for all aspects of Mountain Creek's resort operations and he…
Sturm, Ruger and Co. Authorizes Stock Repurchase Program
Sturm, Ruger & Company, Inc. said its board of directors has authorized a stock repurchase program…
Steve and Barry’s to Start GOB Sales
A U.S. bankruptcy judge approved Steve & Barry's request for going-out-of business sales to begin immediately. The retailer filed for bankruptcy protection last week with a plan to liquidate its remaining 173 stores by early 2009…
Nikwax Names New Rep for Northwest
Nikwax has hired Pacific Rep Works for the company’s Northwest territory. The agency, which operates from five offices in the territory, already represnts CamelBak, Sugoi, Chariot Trailers and Overland Equipment…
DSW’s Q3 Earnings Drop 41.1%
DSW Inc. reported earnings fell 41.1% in the third quarter ended Nov. 3, to $13.2 million, or 30 cents a share, from $22.4 million, or 51 cents, a year ago. Revenues climbed 6.5% to $391.4 million from $367.4 million but same-store sales slipped 3%. The f
2009 Tour de Georgia Canceled
Organizers canceled the Tour de Georgia cycling race for 2009 after failing to secure sponsorship dollars in the face of a looming state budget deficit and belt tightening by many corpoprate sponsors. The board of directors for the race, which has become
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
Perry Ellis Gets Swim Boost in Q3
Perry Ellis International's swim division revenues increased sales by 7% with gross margins ahead 237 basis points in Q3. The improvement was driven by Jantzen, Jag, and Nike's performance in swimwear, as well as the growth in accessories and co
Genesco Lowers Guidance on Eroding Sales
Genesco lowered both its third and fourth quarter guidance on eroding sales in November. Same-store sales in the current month through Nov. 16 were down 9%, marked by 9% declines at Journeys Group, a 6% decline at Hat World, a decrease of 15% at Undergrou
