Confluence Offers Paid Time For Employee Volunteerism
Confluence Watersports is offering its employees paid time off to give back to the paddling community. Any employee who has worked continuously with Confluence for a minimum of five years may take an additional five, paid days off per year to volunteer. T
DSW Inc. Sees Net Fall 44% on 4.7% Slip in Comps
DSW Inc. reported net income fell 44.0% to $7.1 million on net sales of $385.8 million for the quarter ended May 2, 2009 from a net income of $10.3 million on net sales of $366.3 million for the quarter ended May 3, 2008. Same store sales decreased 4.7% v
Brown Shoe Posts $7.6MM Q1 Loss, Famous Footwear’s Comps Off 4.9%
Brown Shoe Co., the parent of Famous Footwear, reported a loss of $7.6 million, or 18 cents a share, in the first quarter. Sales declined 2.8% to $538.7 million from $554.5 million in the year ago quarter. Famous Footwear net sales were $317.6 million, a
Broder Bros. Completes Financial Restructuring
Broder Bros. Co., which distributes Anvil, Fruit of the Loom, Gildan, Hanes, Jerzees, adidas Golf and Champion product, has completed its previously-announced financial restructuring through the settlement of its private exchange offer…
Foot Locker Inc. Sees Better than Expected Q1 Results
Foot Locker, Inc. saw their first quarter financial results come in better than expected going into the period, but they see the external forces impacting retail remaining “quite challenging” – at least in the near term. The world’s-largest-athletic-foot
Hibbett Sports Sees Strong Footwear Focus Net Strong Bottom Line Results for Q1
Hibbett Sports got a boost from strong early sell-through of footwear and accessories and benefited from slightly higher overall average selling prices to post a fairly solid first quarter, but trends slowed at the end of the period as the small market re
JJB Sports Posts Steep Loss in 2008
JJB Sports posted a net loss of £167.6 million ($264.6 million) for the fiscal year ended January 25, compared with a profit of £9.6 million ($15.3 million) for the prior year. The latest year reflects a charge of £171.7 million ($273.5 million) due to st
Mizuno Fiscal Year Net Dips as Sales Decline
Mizuno reported that total consolidated net sales declined 6.9% to ¥162.0 billion ($1.62 bn) for the fiscal year ended March 31, compared to net sales of ¥174.0 billion ($1.53 bn) in the prior year. Operating income fell 63.0% to ¥2.91 billion ($29 mm) i
Descente Ups Full Year Net Despite Sales Decline
Descente reported that total consolidated net sales declined 5.2% to ¥77.0 billion ($770 mm) for the fiscal year ended March 31, compared to net sales of ¥81.3 billion ($714 mm) in the prior year. Operating income declined 5.6% to ¥4.27 billion ($43 mm)
Dynamic Brands Snags Forefront Assets
Dynamic Brands, the parent company for Bag Boy, Slotline, AMF Golf, Baby Jogger, and Protect-A-Bub, has acquired the assets of ForeFront Holdings, LLC. These assets include golf brands Burton, Datrek, Devant, Sir Christopher Hatton, and Miller Golf. Th
Element 21 Narrows Q3 Loss
Element 21 Golf Company generated fiscal third quarter revenue of $1.8 million, an increase of 322% compared to revenue of $565,630 in the comparable period in fiscal 2008. The fiscal third quarter results include non-cash barter revenue of $54,286, incu
2009 PGA Fall Expo to Reduce Costs
The PGA of America will implement initiatives for the 2009 PGA Fall Expo to lower participation costs for exhibitors and buyers, increase exhibitor efficiencies and take a new approach to establish a buyer-centered show floor. PGA said lower-costing exhi
The Buckle Bucks Mall Trend
For a quarter that has seen many mall retailers struggle, The Buckle continues to not only endure the effects of the tumultuous environments, but has been able to post remarkable growth in the process — all while exceeding the lofty expectations of analy
Billabong Again Cuts Guidance on U.S. Weakness
Billabong International Ltd. has cut its fiscal 2009 guidance for the third time since mid-2008, citing the weak U.S. economy as reason for the reductions. The Australia-based surf company now expects to report full year net profit after tax in the range
Pheasants Forever, Quail Forever Elect Two to Board
Pheasants Forever, Inc. and Quail Forever announce Jon Lee of Missoula, MT and Dick Bell of Omaha, NE have been elected as new members to the organization’s National Board of Directors. The 18-member board meets quarterly and oversees the operations of Ph
