TaylorMade-adidas Golf to Cut Headcount by 70
TaylorMade-adidas Golf Company reported it will make a workforce reduction of 70 employees from across all areas of the company, a move the company said is a direct response to “today's uncertain global economic climate”…
Ruger to Repurchase 357,000 Shares
Sturm, Ruger & Company, Inc. announced that during the fourth quarter of 2008 the company repurchased 357,000 shares of its common stock for $2.4 million in the open market, including 309,000 shares repurchased in October 2008 and 48,000 shares repurchase
OneGoal’s Equipment Program Returns for Second Year
OneGoal, the nonprofit organization created to grow the sport of hockey among the newest generation of children in North America, is bringing back their equipment program for its second year. In the inaugural year of OneGoal’s equipment program, North Ame
Scott Adds to Marketing Team
SCOTT USA has added Lars-Erik Johnson to its U.S. bicycle group. He will join the bike marketing department and assist in communications, web projects and coordinating media samples. Johnson has been with ScottUSA for nearly three years as a Bike and Wint
Saks December Comps Plunge Nearly 20%
Retailer Saks Incorporated said owned sales totaled $363.3 million for the five weeks ended Jan. 3, 2009 compared to $447.7 million for the five weeks ended Jan. 5, 2008, an 18.9% decrease. Comparable store sales decreased 19.8% for the month…
Kohl’s December Comps Slip 1.4%
Kohl’s Corporation reported today that total sales for the five-week month ended January 3, 2009 increased 3.6% over the five-week month ended January 5, 2008 to $2.77 billion. On a comparable store basis, sales decreased 1.4%…
December Comp Sales Flat for Ross Stores
Ross Stores, Inc. saw sales of $802 million for the five weeks ended Jan. 3, 2009, a 6% increase over the $755 million in sales for the five weeks ended Jan. 5, 2008. Same store sales for the five weeks ended Jan. 3, 2009 were flat on top of a 3% increase
Rottefella Hires Sales Manager for N. American Territory
After announcing a new distribution strategy in North America several weeks ago, Rottefella AS, a manufacturer of bindings for Nordic skiing, hired Salt Lake City-based industry veteran Scott Duer as Sales Manager for North America…
TJX Sees Flat December Comps, Updates Q4 Outlook
The TJX Companies, Inc. saw sales for the five-week period ended Jan. 3, 2009, of $2.37 billion, a 3% decrease from the $2.43 billion achieved during the five-week period ended Jan. 5, 2008. Consolidated comparable store sales for the five-week period end
Reports: Layoffs at Reef
Reef has laid off as many as 42 employees from its Carlsbad, CA, headquarters, according to several published reports…
Sporting Goods Retailers Sued Over Switchblades
A class action claims that Wal-Mart, Cabela's, Dicks Sporting Goods and others are selling switchblade knives that they know are illegal in Texas. The Kershaw “Speed Safe Knives” with “assisted opening technology” are illegal switchblades, and people
Sears Sees 12.8% Comps Drop at Domestic Stores
Sears Holdings Corporation reported that total company comparable store sales declined 7.3% for fiscal December as a 1.1% slip at Kmart stores was exacerbated by a 12.8% drop at Sears Domestic stores. Net income for the quarter ending January 31, 2009 is
Russell Shuttering More Alex City Ops; Lays Off 250+
Russell Corporation announced the 'phasing out' of its fabrics operation in Alexander City, AL, and the layoff of more than 250 employees due to the “current economic conditions, in addition to increasing costs and import pressures from Asia.”..
Wal-Mart’s December Comps Rise 1.7%
Wal-Mart Stores Inc. said that December same-store sales rose 1.7% excluding fuel. Comps rose 1.9% at Wal-Mart U.S. and inched ahead 0.1% at Sam's Club. Total company sales slid 0.1% to $46.5 million from $46.6 million due to a currency-driven drop i
Stage Stores Sees Comps Fall 5%
Stage Stores, Inc. reported that its total sales for the five week December period ended Jan. 3, 2009 decreased 1.3% to $257 million from $260.3 million in the prior year five week period ended January 5, 2008. Comparable store sales decreased 4.9% versus
