Iconix Brand Group, Inc. Revises Earnings Guidance
Iconix Brand Group, Inc. revised its full year 2008 revenue and earnings guidance. Revenue for 2008 is now expected to be in a range of $215 million to $220 million and diluted earnings per share are now predicted to be in a range of $1.15 to $1.20…
May Retail Hits the Middle; Weather Hurts Again…
It was back to the extremes for retail in May as both the high-end and low performed well, but the middle suffered. Overall, comparable store sales increased 3.0% for the month, according to a preliminary tally of 37 retail-chain stores compiled by the In
Gander Sees Lower SGandA Paving Way to Profitability…
Gander Mountain Co. reported sales climbed 18.2% to $207.7 million for the first quarter ended May 3, thanks to $19.7 million in direct marketing revenue from the recently acquired Overton's business and the opening of eight new stores…
Oregon Wants Its Cut of adidas/Payless Suit: $82 Million…
adidas AG may have to give the state of Oregon $82 million of its winnings in a trademark-infringement case against Payless ShoeSource. Oregon is entitled to 60% of punitive damage awards that involve state-law claims, the state's lawyer said in pap
Organized Sports Participation Slides Among Canadian Youth
A smaller percentage of Canadian children participated regularly in organized sports activities in 2005 than in 1992, and the decline was larger for boys, according to a new study. The study found that participation in sports rose with household incomes a
Carve Designs Adds Two More Reps
Carve Designs, a maker of surf women's technical water sport and surf apparel, hired two more sales reps. Linda Morton & Co. will lead sales in the Pacific Northwest while The Horton Company will drive sales in Texas and the surrounding states. With
New Balance Restructures Lifestyle Unit
New Balance Athletic Shoe, Inc. recently restructured its Lifestyle category. The restructuring included the promotion of Joe Casagrande to General Manager, Lifestyle and the hiring of Steve Gardner, Strategic Business Unit Manager, Lifestyle…
Vail Resorts Reports 5.5% Rise in Mountain Revenue
Vail Resorts, Inc. reported that Mountain revenue increased $17.0 million, or 5.5%, in the third quarter of fiscal 2008 to $325.7 million from $308.7 million for the same quarter last fiscal year. Mountain operating expense increased $4.8 million, or 3.1%
Target May Comps Slip 0.7%
Target Corporation net sales increased 5.5% in May to $4.564 million from $4,325 million for the four weeks ended June 2, 2007. On this same basis, May comparable store sales decreased 0.7%…
J.C. Penney Reports 4.4% Decline in May Comps
J. C. Penney Company, Inc. reported a 4.4% decrease in comparable store sales for fiscal May, which was in line with guidance for sales to decrease mid-single digits and compared to a 0.9% decrease last year. Total sales in May decreased 2.4% to $1.34 bil
Kohl’s Sees 7.2% Drop in May Comps
Kohl’s Corporation saw net sales increase 1.2% to $1.21 billion from $1.19 billion last year. On a comparable store basis, sales decreased 7.2%. For the 17 weeks ended May 31, 2008, total sales were up 1.4%, but were down 6.8% on a comparable store basis.
Ross Stores Report 7% May Comps Increase
Ross Stores, Inc. recorded a 7% rise in same store sales for fiscal May. Net sales increased 14% for the period to $513 million from $450 million last year. For the year-to-date period, sales totaled $2.07 billion, an 11% increase over the $1.86 billion i
Saks May Comps Slide 8.7%
Saks Incorporated net sales declined 8.7% to $227.2 million for the month of May from $248.9 million last year. Comparable store sales decreased 8.7% for the period…
Neiman Marcus Sales Up 2.1% on Nearly Flat Comps
Neiman Marcus, Inc. said its total revenues rose 2.1% to $313 million for the four weeks ended May 24, while comparable store sales rose 0.2% to $307 million. A 3.6% rise in direct sales softened a 0.3% decline in department store comp sales…
NPS Director Bomar to Keynote IMBA Summit
National Park Service Director Mary A. Bomar will give a keynote address at the International Mountain Bicycling Association's (IMBA) 2008 World Summit. One of the U.S. government's most senior officials charged with managing federal lands, Dire
