Wal-Mart Q4 Sees Steady Net Sales
Wal-Mart Stores, Inc. said net sales for the fourth quarter ended Jan. 31, 2009 were $107.99 billion, an increase of 1.7% from $106.21 billion in the fourth quarter last year. Income from continuing operations for the quarter was $3.792 billion, a decreas
REI 2008 Net Income Plummets on Tough Fourth Quarter
REI said it plans to eliminate 61 full-time jobs, mostly at its Kent, WA headquarters and Sumner, WA distribution center, due to a “significant business slowdown in the final months of 2008 and continued projected weakness in 2009.”…
Electronic Arts Lends Names to Sports Toys
Electronic Arts, best known for its sports-themed video games like Madden NFL football and NBA Live basketball, is teaming up with Toy Island to create a line of athletic toys aimed at teaching kids how to play sports. The toys will use infrared sensors a
Globe Expects H1 EBITDA Loss
Globe International fired a warning shot to the market, reporting its expects an EBITDA loss for the first half ended Dec. 31, 2008 of approximately A$5.0 million to A$6.0 million. Management said the loss was due primarily to “slowing in business conditi
Phoenix Footwear CEO Resigns
Phoenix Footwear Group CEO Cathy Taylor and Chief Financial Officer Doug Ford stepped down from their positions. The company has also restructured its operations, eliminating 17 positions for an annual cost savings of approximately $2.5 million. These red
Cybex Posts Fourth Quarter Loss After Charge
Cybex International, Inc., reported a fourth quarter decline in sales and expects first quarter 2009 results to be similar due to the current “general economic conditions.”..
Karhu Sports and Karhu Holding Reach Settlement
Karhu Holding BV and Karhu Sports Oy have today announced that they have reached an amicable settlement of their dispute involving the ownership and control of the Karhu trademarks…
Gildan’s Q1 Earnings Tumble, Suspends Guidance
Gildan Activewear reported that fiscal first quarter net income tumbled 84.6% for the period ended January 4, primarily due to significantly lower unit sales volumes, combined with higher cotton and energy costs, and unfavorable product mix…
Killerspin Signs India’s Table Tennis Champion
Shareth Kamal Achanta (Kamal), one of the world's top international table tennis champions, has agreed to an exclusive endorsement contract with Chicago-based Killerspin. Kamal, 26, is a native of Tamilnadu, India, and distinguished himself as the on
Asics Lowers Guidance Despite Solid Q3
Asics Corp. reported third quarter net sales of ¥60.42 billion ($628.9 mm), increasing 5.5% from net sales of ¥57.27 billion ($506.3 mm) last year. The company saw growth in both footwear and apparel more than offset a slight decline in equipment sales, b
Mizuno Lowers Outlook After Tough Q3
Mizuno Corp. had a difficult third quarter as continued softness in the global economy slowed sales and caused the company to lower its guidance for the fiscal year that ends at the end of March. The company now anticipates reporting a net loss for the fi
SEC Settles DKS Insider Trading Case
The U.S. Securities and Exchange Commission settled an insider trading case against four individuals, including the former vice president of real estate at Dick's Sporting Goods Inc., related to the DKS acquisition of Galyan's Trading Company in
WSA Show Can’t Live Up to Lowered Expectations
The WSA Show has rapidly devolved into a regional show once again – but the company that owns the show still has the floor space for a much bigger event. The empty aisles at the Sands Expo and Mandalay Bay had many wondering why show management had not c
The Finish Line Tests New Urban Concept…
The Finish Line Inc. plans to test a new concept called Decibel that eventually could replace its Man Alive chain, according to the Indianapolis Business Journal. The retailer is re-branding four Man Alive stores for an April launch and is remerchandising
Online Sales Decline in Fourth Quarter
In releasing its retail e-commerce sales estimates for the fourth quarter, comScore, Inc. said that online retail spending declined 3% versus year ago, the first recorded quarter of negative growth since comScore began tracking e-commerce spending in 2001
