The next generation is spending more each year, and saving less according to a national study. People between the ages of eight and 21 years-old earn around $211 billion each year and spend $172 billion. The income is down from Harris Interactive's
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Skate to Surf Shift in Full Swing at ASR Show…
The Action Sports Retailer show held over the weekend in San Diego is always an exciting event and this year’s version was no exception. Only Outdoor Retailer has the same vibe, with the aisles filled with participants and enthusiasts who live the sport
SBI Taps ProLine for Fila Partner in the U.K.
Sport Brands International, the new holding company that recently completed the purchase of Fila and all of its subsidiaries worldwide, announced today that it has formed a multi-year strategic partnership with Watford-based Proline in the United Kingdom.
Osprey Announces New Distributors
Backpack manufacturer, Osprey Packs, Inc. based in Cortez Colorado, has appointmed Southern Approach in Christchurch, New Zealand and Wild Rampage in Shanghai China as exclusive distributors in those countries. Both companies will launch the Osprey produc
REI Opening New Oregon Store
Recreational Equipment Inc. announced plans to open a 26,000 square-foot store in Hillsboro, Ore., in November of 2004. It will be REI’s third store in the Portland area…
Value City Q2 Loss Widens Despite DSW Growth
Value City Department Stores, Inc. saw net sales for the second quarter increase 6.2% to $604.6 million from $569.1 million for the quarter ended August 3, 2002. Comparable store sales increased 1.6% versus the year-ago period. The net loss for the quar
Wilson Secures Top Tennis Spot in Q2 Retail Sales Audit
Wilson is the # 1 brand in racquets, strings and footwear according to the latest TIA/Sports Marketing Surveys Specialty Store Retail Audit for second quarter 2003.
Wilson leads the racquet industry with 29.7% share of units sold overall and 29% dollar sh
Nike Golf Builds Ball Share in August
Nike Golf said it sustained its third straight month with increased golf ball market share and a No. 3 ranking in the golf ball category based upon figures provided by industry standard Golf Datatech for green grass, golf
specialty and sporting goods reta
Kohl’s EVP of Stores Resigns
Kohl's Corporation announced Beryl Buley, executive vice president/director of stores, has resigned to pursue other interests. On an interim basis, the store operations group will report to Larry Montgomery, chairman and CEO…
Accessory Brands Nets NBA Deal
Accessory Brands Inc. announced it had won the license to sell and market the National Basketball Association licensed accessory items. The company did not disclose financial details of the deal but said it covers the NBA, NBA4her, NBA Bigman, and Hardwo
G-III Fiscal Q2 Profits Grow Four-Fold on 13% Sales Gain
G-III Apparel Group reported net sales of $45.3 million and net income of $2.7 million, or $0.37 per diluted share, for the three-month period ended July 31, 2003 compared to net sales of $40.0 million and net income of $576,000, or $0.08 per diluted shar
ICON Gets Stay of Injunction in Crossbow Dispute
The Nautilus Group, Inc. announced that the United States Court of Appeals for the Federal Circuit granted ICON Health and Fitness, Inc. a Stay of the Preliminary Injunction originally ordered by the Federal District Court for the Western District of Wash
Court Approves Callaway Top-Flite Bid
Callaway Golf Company has prevailed in the auction to purchase substantially all of the assets of the Top-Flite Golf Company. The acquisition was approved by the U.S. Bankruptcy Court in Wilmington, DE on Thursday. The deal is worth $174.4 million in ca
Stefan to Head Ellesse U.S. Unit
Pentland Brands plc, parent company of Ellesse International, has appointed Maria Stefan as President of Ellesse, USA. Maria will be responsible for the re-launch of the brand in the United States as a premium Italian sportswear label built on the herit
Target Stores Drives August Increase at Target Corp.
Target Corporation reported that its net retail sales for the four weeks ended August 30, 2003 increased 12.4 percent to $3.632 billion from $3.231 billion for the four-week period ended August 31, 2002. Comparable-store sales increased 5.7% from fiscal A