Crocs Lays Off 75
Crocs Inc. laid off 75 U.S. operations employees on Thursday, a move that Crocs spokeswoman Tia Matteson said was a “larger part of our efforts to reduce overall spending,” according to Boulder’s Daily Camera….
Nordstrom’s Comps Drop 6.1% in July
Nordstrom, Inc. reported sales during July declined 6.7% to $840 million from $901 million a year ago.. Same-store sales decreased 6.1%. Preliminary second quarter sales of $2.29 billion decreased 4.3% compared to sales of $2.39 billion during the same pe
Target’s July Comps Rise 1.2%
Target Corporation reported that its net retail sales for the four weeks ended August 2, increased 4.7% to $4.56 billion from $4.36 billion. On this same basis, July comparable store sales declined 1.2%…
Saks Comps Drop 4% for Q2
Saks Incorporated reported period that for the second quarter ended August 2, 2008, owned sales totaled $663.1 million compared to $687.9 million for the prior year second quarter ended August 4, 2007, a 3.6% decrease…
TJX Comps Up 6% for Q2
The TJX Companies, Inc. sales for the four-week period ended August 2, 2008, were $1.4 billion, up 6% over the $1.3 billion achieved during the four-week period ended August 4, 2007…
Finish Line Extends Sole Destination
The Finish Line, Inc. announced that it will extend its partnership with Soles4Souls, the international charity dedicated to providing free footwear to those in need, and will continue the national shoe trade-in program, “Sole Destination,” at all 697 Fin
Dorel’s Bike Business Jumps on Cannondale Acquisition
Dorel Industries Inc. reported that company-wide net revenues rose 29.3% to $593.7 million from $459.0 million for the same period a year ago. Net income for the second quarter ended June 30 was $31.3 million or 94 cents per diluted share compared to $10.
Grabber and RopeLok Partner
Grabber has inked an exclusive distribution partnership with RopeLok, the manufacturer of the No Knot RopeLok, a tie-down product with lever locking technology that eliminates the need for tying knots…
Visitor Numbers Up for 3rd Asia Outdoor Show
The third annual Asia Outdoor trade show concluded on August 2nd after hosting nearly 9400 visitors, over 14% more than last year's show. Visitor numbers for the trade show were also up despite visa restrictions amidst the run-up to the 2008 Beijing
The North Face to Open Atlanta Store
The North Face plans to open its Atlanta store on Aug. 15. The 6,000-square-foot store in Buckhead is the company's 22nd retail location. It incorporates The North Face updated retail design, which features oversized graphics, concrete floors, wood a
Hanesbrands, Inc. Sees Q2 Earnings Soar
Hanesbrands Inc. showed second quarter total net sales decrease 4.4% to $1.07 billion, mostly due to difficult retail conditions and later shipments of back-to-school product…
Cabella’s Reports Credit Card Debt
Cabela’s Inc. said earnings slid 35.4% on a 16.6% rise in sales due largely to higher net charge offs of bad debt in its credit card business – a major source of profits for the retailer that is now masking improvements at it retail operations. Total reve
Under Armour Posts Strong Q2 Sales Growth
Under Armour closed its second quarter with sales above the year-ago period, while cluing analysts in to its plans for new product launches in the back half of this year and the first half of 2009. However, net income declined as a result of front-loaded
Finish Line Expands HQ
The Finish Line, Inc. plans to invest more than $34 million over the next five years to expand operations in Indianapolis. The company will add more than 180 jobs while expanding its 800,000-square-foot national distribution center and corporate headquart
Ritchey/Syncros Names Retail Sales Manager
Ritchey Design/Syncros USA announced the promotion of Nate Shaw, formerly with inside sales, to national retail sales manager. Under this new title, Shaw will manage three customer groups – retail direct, builder sales and grassroots team businesses.
