Lululemon’s Q2 Earnings Dip, Lowers Full Year Guidance
Lululemon Athletica Inc. reported second-quarter earnings dipped 1.8 percent to $56.5 million, or 39 cents a share, largely due to a higher tax rate. Earnings exceeded a forecast given in June but the yoga-inspired chain still lowered its guidance for the
New Era’s Chris Koch Named 2013 Buffalo Niagara Executive of the Year
Christopher H. Koch, CEO of New Era Cap Co., has been named the 2013 Buffalo Niagara Executive of the Year by the University at Buffalo School of Management…
Mainland China’s Middle Class Warming to Suburban Shopping Venues
China’s middle-class is spending more of their leisure time traveling and beginning to patronize suburban retail venues outside central business districts, according to a new survey from the Honk Kong Trade Development Council…
Footwear Groups Partner to Boost Voice in Washington D.C.
The National Shoe Retailers Association (NSRA) and the Footwear Distributors and Retailers of America (FDRA) announced the establishment of a strategic partnership designed to enhance the voice of independent footwear retailers in Washington. As part of
U.K. Retail Comps Up Slightly in August
UK retail sales values were up 1.8 percent on a like-for-like basis in August 2013 from August 2012, when they had decreased 0.4 percent on the preceding year. On a total basis, sales were up 3.6 percent, against a 1.6 percent increase in August 2012, acc
Report: KKR, Sycamore Considering Joint Bid for Jones Group
Private-equity firms KKR & Co LP and Sycamore Partners are considering a joint bid for Jones Group, the parent of Nine West, the Wall Street Journal reported. In July, Jones Group hired Citigroup Inc to explore a potential sale of parts or all of the comp
Divers Direct Opens Coral Gables Store
Divers Direct announced the grand opening of its newest store in the heart of Coral Gables, FL. The company now has six stores in Florida…
OIA VantagePoint: Footwear Disappoints Again in August
Sales of outdoor products increased 2.9 percent in fiscal August to $868.2 million, according to the latest monthly sales report from OIA VantagePoint™. As in fiscal July, Outdoor Hardgoods and Apparel posted solid sales growth, while Footwear struggled.
Canadian Tire Looks to Raise C$263M through REIT
Canadian Tire expects to raise Canadian $263.5 million ($255.6 mm) through listing of a real estate investment trust that will hold its retail properties. CT Real Estate Investment Trust plans to offer 26.4 million shares at C$10 each…
Green Guru to Collect Old Inner Tubes at Interbike Outdoor Demo
Green Guru, a leading manufacturer of fashionably functional ecologic adventure gear, will be collecting old bicycle inner tubes at the Interbike Outdoor Demo & Trade Show Sept. 18 to 20…
Lax World Purchased by Former Jos. A. Bank Executives
Lax World, the Baltimore, MD-based chain of lacrosse retail stores, has been purchased by two former Jos. A. Bank executives. The new owners have stated plans to aggressively expand the lacrosse chain…
Ride Names Reps for Mid-Atlantics and Rockies
Seattle-based snowboard maker Ride added two seasoned sales reps to serve the Mid-Atlantic and Rockies territories…
Bob Meistrell Memorial to be Held this Sunday
The Body Glove family will be honoring the life of co-founder Bob Meistrell with a paddle-out ceremony to be held south of the Redondo Pier in Redondo Beach, CA on Sept. 15, 2013 at 9 a.m…
PHIT America Touts Golf’s Health Benefits
PHIT America has spoken with experts in fitness and health and quickly realized that golf doesn’t get enough credit for how great of a fitness activity it is…
Stuart Weitzman Appoints Chief Executive Officer
Stuart Weitzman announced that Wayne Kulkin, former vice chairman, has been appointed chief executive officer, effective immediately. Kulkin will continue to report to Stuart Weitzman, executive chairman of Stuart Weitzman…
