Foot Locker’s Q3 Profits Soar on Double-Digit Revenue Gain
Foot Locker, Inc. reported net profits vaulted 60.6 percent in the third quarter, to $106 million, or 69 cents per share, compared with $66 million, or 43 cents, a year ago. Sales increased 9.3 percent, to $1.52 billion this year. Comparable-store sales
Spy-Branded Eyewear Sales Up 17 Percent in Third Quarter
Spy Inc. reported net sales increased by $700,000, or 8 percent, to $9.9 million for the quarter ended Sept. 30, 2012, as its reinvigorated line of Spy-branded sunglasses and goggles racked up double-digit growth despite the tough sell-in environment for
VF Corp. Eyes Opening More Full-Price Timberland Stores
VF Corp. is contemplating opening more full-price Timberland stores in the United States to coincide with the brand’s apparel re-launch next fall, CFO Bob Shearer told analysts at the Morgan Stanley Global Consumer & Retail Conference last week…
Outdoor Retailer Opens Nominations for Outdoor Inspiration Awards
Nominations for the third annual Outdoor Inspiration Awards presented by adidas Outdoor are now open, creating an opportunity to recognize and champion individuals, groups and companies whose efforts are above and beyond in inspiring and encouraging other
EB Brands appoints Steven Brigham Chief Executive Officer
EB Brands appointed Steven Brigham as CEO. Brigham will succeed David Mauer who is assuming the position of non-executive chairman of EB Brands after a decade of leading the company as CEO…
Ohio State Partners with J. America and Fanatics
The Ohio State University announced that J. America and Fanatics, Inc. have been named the university’s licensed apparel and retail partners. The 10-year agreement guarantees $97 million over the term to help fund scholarships…
Core Concepts Hire New Director of Sales, Adds Reps
Core Concepts has hired a new director of sales and regional sales reps in two territories…
Deloitte: Smartphone Shoppers to Spend 72 Percent More During Holidays
Smartphones may be among retailers' strongest allies this holiday season, according to Deloitte's annual holiday survey of consumer spending intentions and trends. But it is also requiring sales associates to be better informed and more autonomo
Lacoste Acquired by Swiss Group
Lacoste, the French sportswear company, has been purchased by Maus Frères, the Swiss company. According to a Wall Street Journal report, the move comes following a family feud that is set to end an 80-year French history of the iconic label…
Weight-Loss Startup Retrofit Raises $8 million
Retrofit, the Chicago-based maker of a data-driven weight loss program, has raised $8 million in Series A financing…
Trek President’s Book on Founder/Father Goes On Sale
Trek Bicycle President John Burke’s tribute to the life and lessons of the company’s founder, his father Richard Burke, has been captured in a new book that went on sale Tuesday. “One Last Great Thing” is is a tribute to the life
Retail Imports To Increase 5.9 Percent In November Despite Sandy
Import cargo volume at the nation's major retail container ports is expected to increase 5.9 percent in November despite the temporary closure of some ports by super-storm Sandy, according to the monthly Global Port Tracker report released today by t
Hestra Gloves Adds Endorsers
Hestra Gloves added three new athletes to its team, freeride skiers Cody Townsend and Elyse Saugstad, and big mountain snowboarder Ralph Backstrom…
Björn Borg AB Sales Improve in Second Quarter
Björn Borg AB, based in Stockholm, Sweden, reported sales increased 4 percent in the third quarter ended Sept 30. Excluding currency effects, sales increased by 2 percent…
Bakers Footwear to Close 150 stores
Bakers Footwear Group, which filed Chapter 11 in early October, began the liquidation of 150 of its 213 stores. The liquidations will cover $30 million of inventory. The company plans to seek financing that will allow it to operate its remaining 63 stores
