Cabela’s Credit Card Business Weakens
According to a filing with the Securities and Exchange Commission, Cabela's Inc. said its credit card business' gross charge-offs rose in July. Gross charge-offs — accounts receivable that will likely not be collected and be written off — rose
CPSC to Enforce New CPSIA Requirements for Children’s Products
On August 14, 2009, new requirements of the Consumer Product Safety Improvement Act (CPSIA) will take effect that are aimed at making children's products safer and increasing consumer confidence in the marketplace…
Runner’s World Launches iPhone App to Drive Traffic to Local Specialty Shops
Runner’s World will bring its shoe guides to a new iPhone application. The Nike-sponsored “Runner’s World Shoe Shop” is a one-click concierge service that offers reviews from the RW Shoe Lab, shoe-buying advice, and the ability to purchase shoes at a loca
Millet to Launch Rope Recycling Program
Millet has teamed up with the polyamide recycling company, Rhodia to develop a system for recovering and re-using polyamide waste. Consumers are asked to return used ropes to retailers in exchange for a discount on a new Millet rope. Any brand of rope
Crocs and AVP Tour to Part Ways
AVP Pro Beach Volleyball and Crocs Inc. will part ways in 2010 after a longstanding partnership. Crocs has bought out the remainder of its contract with the domestic professional beach volleyball tour…
Shimano Feels the Effects of Global Recession in First Half
Shimano Inc. reported that the impact of the global recession and the pressure to reduce inventories has caused its bicycle components business and fishing tackle business to suffer from lackluster sales for the first half of 2009 ended June 30. As a resu
Sports Multiplied Names New Regional Reps for 2XU and BONT Cycling
Sports Multiplied, LLC, distributors of 2XU sports apparel and BONT cycling shoes, have recently appointed new sales reps in the Northern California and Colorado / Utah regions…
Sport Chalet’s Fiscal First Quarter Sales Down on 14.7% Comp Sales Decline
Sport Chalet, Inc. saw sales decrease 8.9% to $79.4 million for the first quarter of fiscal 2010 from $87.1 million a year ago. Comps tumbled 14.7%. The net loss was narrowed to $3.0 million, or 21 cents per share, compared to a loss of $4.5 million, or 3
OIA Survey: Small Outdoor Businesses More Pessimistic
A survey released by the Outdoor Industry Association found that small businesses have a more negative view about the economy than they did in the fall 2008 or in spring 2009. The results reflect the third survey conducted by OIA, in conjunction with Pip
GSI Commerce to Offer 1.8 Million Shares of Common Stock
GSI Commerce Inc. announced a registered public offering of 1,811,150 shares of common stock to be sold by the company and 8,188,850 shares of common stock to be sold by selling stockholders…
The End of the Road for END Footwear
LaCrosse Footwear made a strategic decision to discontinue END Footwear (Environmentally Neutral Design) as a standalone outdoor and running brand. LaCrosse plans to leverage the END platform of innovative lightweight designs into the LaCrosse and Danner
Dillard’s July Camps Fall Double-Digits
Dillard’s, Inc. reported that merchandise sales in comparable stores decreased 12% for the four-week July period ended August 1. Sales were slightly above the average total company trend in the Eastern region, slightly below trend in the Central region a
J.C. Penney Sees July Comps Fall 12.3%
J. C. Penney Company, Inc. said comparable store sales for the four-week period ended Aug. 1, 2009 decreased 12.3%, slightly better than the Company’s guidance for sales to decrease 13% to 16%…
Kohl’s Comps Inched Up .4% for July
Kohl’s Corporation reported that total sales for the four-week month ended August 1, 2009 increased 5.2 percent from the four-week month ended August 2, 2008. On a comparable store basis, sales increased 0.4 percent. For the year-to-date period, total sa
Target July Comps Fall 6.5%
Target Corporation sales for the four weeks ended August 1, 2009 were $4.42 billion, a decrease of 3.2% from $4.57 billion for the four weeks ended August 2, 2008. On this same basis, July comparable-store sales decreased 6.5%…
