NRF Supports Renewal of Depreciation Rule
The National Retail Federation asked the House to extend a tax rule that allows retailers to depreciate remodeling and other improvements to their stores over 15 years rather than the previous 39, saying the move would help save “critically needed” jobs..
JJB Sports’s Comps Fell 27.3% During Difficult 2009
JJB Sports plc reported retail sales at its ongoing businesses of £361.1 million ($570.2mm) for the 53 weeks ended Jan. 31, 2010, down 22.6% from £466.6 million ($849.7 mm) in the 52 week period ended Jan. 25, 2009. Comp store sales during the period decl
Consumer Confidence Increases for Third Straight Month
The Conference Board Consumer Confidence Index increased in May, its third consecutive monthly gain. The Index now stands at 63.3, up from 57.7 in April. The Present Situation Index increased to 30.2 from 28.2. The Expectations Index improved to 85.3 from
Dorel to Shareholders: Momentum Continuing into Second Quarter
Dorel Industries executives told their shareholders Thursday that improving consumer confidence and new products from Cannondale will help it maintain the momentum it reported in the first quarter, when sales at its Recreation/Leisure segment revenues gre
Victory Archery Signs Fromme
Bob Fromme, world class bowhunter and business owner, has recently joined Victory Archery as a member of its Elite ProStaff and as Product Development Consultant…
ICORE Taps Hogue Grips as Premier Sponsor of Int’l Revolver Championships
The International Confederation of Revolver Enthusiasts (ICORE) announced that Hogue Inc., makers of handgun grips, rifle stocks and accessories, will join Smith & Wesson and Brownells as a premier sponsor of the organization’s 19th Annual Smith & W
Latest GDP Estimates Show Sales of Recreation Goods Outpacing Services
The government's most recent revision to GDP estimates for the first quarter show Americans increasing their spending on recreation products and vehicles at a much faster pace than on recreational services like travel, lodging and entertainment…
Steve Madden Extends Stock Buyback Plan
Steve Madden Ltd. plans to buy back an additional $50 million of stock, using cash on hand…
DSW’s First-Quarter Earnings Soar
DSW Inc. reported first-quarter earnings increased four-fold to $30.2 million, or 67 cents a share, from 16 cents, a year ago. Sales grew to $449.5 million from $385.8 million. Same store sales increased 16.2% versus a decrease of 4.7% last year…
DealerCamp to Provide Mid-Summer Venue for New Bike Products
Lifeboat Events will host a new event called DealerCamp on July 29-31 at Deer Valley Resort in Utah to provide bike vendors a mid-summer venue to launch new products. The company will provide subsidies for select dealers attending the event, which targets
Canada Goose Opens European Office in Stockholm
Canada Goose Inc. opened an office in Stockholm to anchor its growing European business, marking the first office opened by the outerwear brand outside Canada…
PVH Posts Loss on Hilfiger Charge
Phillips-Van Heusen Corp., the parent of G.H. Bass, swung to a first-quarter loss due to charges related to its acquisition of Tommy Hilfiger…
Descente Ltd. FY10 Operating Income Drops on 1.3% Sales Decline
Descente Ltd reported its sales for the year ended March 31, 2010 reached ¥76.0 ($819.5mm), down 1.3% from a year earlier and 2.5% below forecast of ¥78.0 billion ($840.8mm)…
Asics Corp.’s Sales Slide 7.3% in FY10, Americas Sales Gain
Asics Corp. reported sales slid 7.3% in its year ended March 31, to 224.4 billion yen ($2.4 billion) versus the prior year. In the Americas, sales of running shoes “remained brisk” but sales growth was held back by foreign exchange rates. Sales in the Ame
PrimaLoft Hires Verde PR
PrimaLoft has selected Verde PR & Consulting as its public relations agency of record (AOR).Verde will focus on differentiating PrimaLoft’s attributes, performance benefits and associated value, while concurrently redefining the role of PrimaLoft a
