J.C. Penney August Same-store Sales Down 4.9%
J. C. Penney Company, Inc.'s comparable store sales decreased 4.9% for the four-week period ended Aug. 30, in-line with the company’s guidance for sales to decrease mid-single digits. Women’s apparel and family shoes were the strongest performing mer
Mountain High Knitwear to Make K-Swiss Socks
Mountain High Knitwear, based in Tucson, AZ, has acquired the sock license for K-Swiss. The new high-tech performance line targeted for serious athletes in tennis, running and cross-training rolls out Spring ’09. The K-Swiss collection will offer three di
Zumiez’s August Comps Inch Up 0.2%
Zumiez Inc. announced that total net sales for the four-week period ended August 30, increased 13.1% to $53.2 million, compared to $47 million for the four-week period ended September 1, 2007. Comparable store sales increased 0.2% for the four-week period
Quiksilver Finally Sees Light at End of Rossignol Tunnel
Quiksilver, it would appear, has finally found its way out from under the misguided deal it entered into in 2005 to acquire the Rossignol business that also included Cleveland Golf. After making a deal to sell off Cleveland to the parent company of Srixo
Phelps Donates Speedo’s $1M Bonus to Charity
Olympic Gold Medalist Michael Phelps announced the establishment of the Michael Phelps Foundation and made his first donation by committing the well-publicized $1 million bonus he will receive from Speedo for winning eight gold medals in Beijing. The Foun
Sport Supply Fiscal Q4 Profits Surge on Lower Catalog Expenses
Sport Supply Group ended the year with a bang as net sales grew in the mid-singles while net income more than doubled. A focus on cutting costs in its catalog business helped to keep overall SG&A in line, while margins expanded through the company’s ongoi
Famous Footwear Sees Bright Spot in Athletics in Q2
Although Famous Footwear continues to see encouraging trends in athletics, soft consumer spending led to a decline in store traffic and increased promotional activity as the retail chain showed a 2.9% Q2 comp decline. Earnings came in well below those of
Famous Footwear Sees Bright Spot in Athletics in Q2
Although Famous Footwear continues to see encouraging trends in athletics, soft consumer spending led to a decline in store traffic and increased promotional activity as the retail chain showed a 2.9% Q2 comp decline. Earnings came in well below those of
Collective Licenses Out Airwalk, Vision; Takes PRO-Keds Back
Collective Brands, Inc. had a busy week dealing with brands that build its empire as a pair of its subsidiaries inked new deals. First came word that Collective Licensing had licensed the Airwalk and Vision Streetwear brands out to a subsidiary of Canadia
ASICS America Expands into New Irvine HQ
ASICS America plans to move its corporate headquarters to a larger space in Irvine, CA to accommodate its growing business. The new headquarters, located just a few miles east of its current location, will add an additional 11,000 square feet of space for
Danner Gets Largest Military Boot Order of 2008
LaCrosse Footwear’s Danner subsidiary received a $3.2 million delivery order as part of a new contract with the Department of Defense. The contract calls for delivery of the Danner Marine Temperate boot within the next 60 days. The company said this contr
Gander Expects Back Half Resurgence After Strong Q2
For a book-end period that concludes what is historically a weak half for outdoor retailers, Gander Mountain reported surprisingly strong revenue growth for the second quarter of fiscal 2008. Company management called the quarter “the strongest second qu
Dispute Erupts Over Rights to Karhu Brand
KARHU Holding B.V. has terminated its footwear license with Karhu Sporting Goods Oy of Finland over allegations of forgery and fraud and is incorporating a new company in Finland to take over the company’s footwear sales there directly, KARHU Holding told
Cannondale Sports Group President Departs
Dorel Industries Inc. reported that Jeff Frehner, president and CEO of the Cannondale Sports Group (CSG), has decided to leave the company for family reasons. Robert P. Baird, Jr., president of the Dorel's Recreational/Leisure segment, which includes
B.O.S.S. Goes One-On-One with TNF’s Steve Rendle
In an interview with BOSS, TNF President Steve Rendle explained that to sustain its meteoric growth rates, the company must reach outside the $18 billion outdoor industry and garner more business in the $22 billion actions sports and $48 billion performan
