Recession Fears Trigger Weaker January Retail…
January at retail showed signs that the coming recession might finally have arrived as retailers in general posted comparable store sales declines for the month. Due to the 53rd week in 2006, net sales results for the four-week January month this year co
PacSun Moves Further From demo and Footwear, As Zumiez Sees Growth Rate Slow…
Pacific Sunwear of California, Inc. saw net sales for the four weeks of fiscal January decrease 3.7% to $66.3 million from $68.9 million for the same four week period in the prior year. By concept, PacSun total sales were $59.6 million, a slight increase
Outdoor and SnowSports Deals Abound…
It was a busy and a good week for the outdoor and snowsports industries with five acquisitions, including two that could restore the luster of authentic brands hindered in recent years by botched acquisitions. The deals came in several flavors, including
Mizuno Sees Net Income Drop on Q3 Sales Gain…
Mizuno Corp. saw net sales increase 9.5% for the first nine-months of the year to ¥130.11 billion ($1.15 bn) from ¥118.81 billion ($1.01 bn) in the year-ago period. Gross margins declined 90 basis points to 41.6% of sales from 42.5% last year. Net income
Timberland Posts a Disappointing Year; Timeline for Turnaround Undefined…
The Timberland Company saw the fourth quarter of 2007 as the culmination of “a very challenging and disappointing year” for the company. Weak retail market conditions were cited as an issue that exacerbated fashion shifts away from the brand…
LaCrosse To Ship More Winter Boots to Marines…
LaCrosse Footwear, Inc.'s Danner subsidiary received a $900,000 delivery order as part of the Mountain Cold Weather Boot contract awarded by the United States Marine Corps (USMC) in 2006…
Cabela’s Identifies New Store Openings…
Following its lackluster fourth quarter sales report last week, Cabela's said that despite its plan to cut capital spending by 70%, it still plans to open stores in Scarborough, ME and Rapid City, SD, in 2008. Stores scheduled to open in 2009 include
Recall: Trek Girls Bikes…
Trek Bicycle Corp. is recalling approximately 49,000 girls bicycles, because the bike frames may break while in use. Trek has received 13 reports of frames breaking, including four minor injuries. The recalled product is the Trek MT220 girls bicycles mode
But West 49 Hurt by Weak Dollar…
West 49 Inc., an action sports retailer in Canada, reported that fourth quarter net sales increased 0.8% to CA$62.4 million ($63.1 mm) from CA$61.9 million ($53.8 mm) for the fourth quarter of fiscal 2007…
Snow Sports Apparel to See Colors Explode for Next Season…
The softgoods market at SIA.08 saw an explosion of color as the 80’s retro wave begins to likely reach its crest. Bits and pieces of flannel and grunge-reminiscent looks that popped into single pieces in lines suggest that vendors are already beginning to
World Industries Partners with Dynasty Apparel for Youth Apparel
World Industries has partnered with apparel manufacturer Dynasty Apparel Industries to launch a young men's and boys apparel program. World Industries apparel will round out its existing business in skateboards, footwear, snow products and accessorie
Allied Capital Commits $68 Million to Augusta Sportswear
Allied Capital Corporation said it has invested $68 million of secured second lien debt plus a minority equity co-investment to support the buyout of Augusta Sportswear Group by private equity firm Quad-C Management. As reported, Linsalata Capital Partner
Saks Comps Grow 4.1%
Saks Inc. announced that January 2008 comparable store sales increased 4.1% over the prior year. Fiscal fourth quarter comparable store sales increased 9.0% over the prior year, which was consistent with management’s previously disclosed expectation of a
Target’s Comps Slide 1.1%
Target Corp. reported that its net retail sales for the four weeks ended February 2, 2008 increased 5.4 percent compared to the four weeks ended January 27, 2007. On this same equal-week basis, January comparable store sales decreased 1.1 percent. On a fi
Macy’s Comps Fall 7.1%
Macy's Inc. said same-store sales fell 7.1 percent in January. Much of that drop, however, was attributed to one fewer week in January 2008 versus January 2007, but same-store sales still missed Macy's estimate of minus 4 to 6 percent…
