A senior industry executive said not long ago that “nobody wants to own inventory except the consumer – and that’s sometime in doubt as well”…
Results for "nike"
It’s the Product, Stupid…
With Finish Line CEO Alan Cohen declaring that, “It’s all about the product”, the athletic specialty retailer seemed to put a positioning stake in the ground to “focus on superior product selection and presentation, instead of price”. FINL clearly expect
Reebok Sees Earnings, Profits Rise, But CEO Gets No Raise
Although Reebok International Ltd. saw its profits rise smartly in 2002, the salary and bonus of chairman and chief executive Paul Fireman remained roughly the same at about $3.08 million, according to a proxy filed Monday to the Securities and Exchang
Yue Yuen Sees European Shift As Well…
Yue Yuen Industrial Ltd., a subsidiary of manufacturing powerhouse Pou Chen Corp., saw its revenues rise 31% to $611.5 million in its fiscal first quarter, pointing to acquisitions as a driver of revenue growth…
As Sales Slip in U.S., Foot Locker Looks to Europe…
With Foot Locker CEO Matt Serra stating that “BOGO’s are getting tired” and “we're missing some product there” when talking about the loss of Nike allocations and reduced orders, the company was left focusing on a building on Europe and re-building U
The TSA / Gart Merger is Looking Better Every Day — Except for Apparel Brands…
The Sports Authority reported net income climbed to $52.9 million, or $1.56 a share, for the quarter ended February 1, 2003, but the increase came primarily from deferred tax credits the company was able to take after sustaining three years of profitabili
Columbia Builds on Top of Pyramid…
Columbia Sportswear is taking steps to ensure future growth at the top end of the brand pyramid as it sees increasing competition from its own retail partners and their growing concentration on private label…
Hibbett Beats the Street in Q4…
Hibbett Sporting Goods shares were up 6% for the week to close at $24.40 on Friday as the small-market sporting goods operator beat both the Thomson First Call consensus estimate of 40 cents a share and HIBB's prior guidance of 39 cents to 41 cents a
adidas-Salomon Rides Golf Growth to Record 2002…
Consolidated net sales for the adidas-Salomon Group grew 7% to reach €6.5 billion ($6.8 billion) in 2002. On a currency-neutral basis, sales were up 11%…
Perry Ellis Appoints Michael Nicklas as Swimwear EVP
Perry Ellis International, Inc. announced the appointment of Michael Nicklas as Executive Vice President of Sales for Jantzen, Inc., a wholly owned subsidiary of Perry Ellis, effective immediately, and will be responsible for all swimwear related apparel
New Balance Hopes PF Flyers Brand Attracts Younger Customers
With retro fashions hot, New Balance Athletic Shoe Inc. is relaunching the PF Flyers brand with a line of casual footwear stylish enough to be sold at a Newbury Street boutique. Shoes for fashionable Newbury Street are a first for a Boston company bes
Genesco Loses Out on Athletic Opp…
An over-reliance on softening some casual brands and the lack of a key athletic footwear component conspired to rob Genesco of the growth opportunity other retailers are experiencing in the mall. With athletic footwear now representing 28% of the Journey
Honest, Your container Fell Off a Ship…
We have either used the story or heard the story in our careers, but it appears that containers really DO fall off of boats in the Pacific Ocean…
Footwear Specialties Hires Dave Bartels as Sales VP
Footwear Specialties, Int'l, parent company of Nautilus Safety Footwear, SkidBuster Shoes, and 3rd Watch Footwear, announced that it has hired Dave Bartels as its new Western Regional V.P. of Sales…
Gart / TSA Deal May Cost Reps $25 Million…
The Gart/TSA deal announced last week is expected to generate $2.5 billion in total retail sales. Assuming an average 45% margin on goods and 7% in private label sales, we would expect about $1.3 billion in wholesale dollars to be shipped in 2003. Conse