Costco July Comps Jump 10% in U.S.
Costco Wholesale Corporation posted a 14% increase in fiscal July net sales to $5.70 billion from $5.02 billion in the same four-week period last year. Comparable store sales at at U.S. stores increased 10% for the period…
Deckers Posts 72.8% Q2 Sales Jump, But Teva Write-Down Hurts
Deckers Outdoor Corporation saw company-wide net sales jump 72.8% to $91.1 million versus $52.7 million last year. A write-down of Teva trademarks, however, caused the company to report a net loss of $3.8 million after net income of $2.3 million last year
ASICS Reports 14.9% Q2 Sales Jump, U.S. Up 6.6%
ASICS Corp. reported that net sales increased 14.9% to ¥65.32 billion ($625.8 mm) for the first quarter ended June 30, up from ¥56.84 billion ($471.2 mm) a year earlier. Net income jumped 22.6% to ¥7.57 billion ($72.6 mm) from ¥6.18 billion ($51.2 mm) las
Aldila Posts Q2 Loss on 23% Sales Decline
Aldila, Inc, reported sales dropped 23% to $13.6 million from $17.6 million. The golf company showed a net loss of $523,000, or 10 cents a share, against net income of $1.7 million, or 30 cents, a year ago…
Boscov’s Files for Bankruptcy
Boscov's Inc., the department-store chain based in Reading, PA, filed for Chapter 11 bankruptcy protection in Wilmington, Delaware, citing decreased consumer spending. The privately-held company will immediately close 10 of its 49 stores. The company
Adidas Q2 Earnings, Outlooks Rise
Adidas reported an 11.7% rise in second quarter net income thanks to strong sales in Asia and Latin America and raised its 2008 outlook accordingly. Net income rose to €116 million ($181 mm) from €104 million ($140 mm) a year earlier. Sales rose 5% to €2.
SGMA: Doha Round Meeting Fails
In a statement, the SGMA said that on July 29, after nine days of meetings in Geneva, Switzerland, trade ministers gave up on their efforts to forge a consensus on modalities for the Doha Round agricultural and non-agricultural market access (NAMA) negoti
Twins Enterprise Opens Flagship Store in Boston
Twins Enterprise, Inc. opened the doors of its new flagship company store on famed Newbury Street in Boston. The store, named ’47 for the year in which twin brothers Arthur and Henry D’Angelo founded Twins Enterprise, is located at 286 Newbury Street…
Mizuno Renews USA Volleyball Sponsorship
Mizuno USA has renewed its official sponsorship and supplier agreement with USA Volleyball (USAV). The partnership between Mizuno USA and USA Volleyball that began in 2002…
Grabber and RopeLok Partner
Grabber has inked an exclusive distribution partnership with RopeLok, the manufacturer of the No Knot RopeLok, a tie-down product with lever locking technology that eliminates the need for tying knots…
Visitor Numbers Up for 3rd Asia Outdoor Show
The third annual Asia Outdoor trade show concluded on August 2nd after hosting nearly 9400 visitors, over 14% more than last year's show. Visitor numbers for the trade show were also up despite visa restrictions amidst the run-up to the 2008 Beijing
RECALL: Look Cycle KéO Bicycle Pedals
The U.S. Consumer Product Safety Commission, in cooperation with Look Cycle USA of San Jose, CA, announced a voluntary recall of KéO bicycle pedals. Consumers should stop using the pedals immediately unless otherwise instructed. It has been found that the
Gander Mountain Launches E-commerce /Catalog
Gander Mountain has launched its first e-commerce site at GanderMtn.com. Also, a new Gander Mountain catalog featuring 244 pages will be mailed in the coming weeks. The retailer had been prevented from operating a website or direct marketing operations af
Performance Outwear Bill Introduced in Senate
Colorado's bipartisan Senators introduced the Recreational Performance Outerwear Apparel Act of 2008 (S. 3439)just before Congress recessed. The bill is a Senate companion to H.R. 6483, introduced last month by Representative Earl Blumenauer (D-OR).
New Tecnica Exec Will Target Outdoor Retailers in U.S.
Tecnica has hired the former CEO of Salomon Group to bolster its footwear business in the United States in what the Italian company described as the second step of a three-year strategic plan. Jean-Luc Diard, 50, will lead the effort as SVP for business d
