Macy’s to Close Nine Stores
Macy’s, Inc. plans to close nine underperforming Macy’s stores in the next few weeks. The affected stores are located in Indiana, Louisiana, Ohio, Oklahoma, Texas and Utah…
Sherborne Believes it Won All Votes at Nautilus Shareholders’ Meeting
Sherborne Investors LP said that, based on information provided by its proxy solicitation firm, D.F. King & Co., Inc., it believes all four Sherborne Investors nominees have won election to the Company’s Board of Directors and all other proposals were pas
TJX Settles with Banks Over Stolen Credit Card Information
The TJX Companies, Inc. has entered into a settlement agreement with all but one of the seven banks and bankers associations that sued TJX in a putative class action as a result of the intrusion into TJX’s computer system. Under the agreement, the Massach
RECALL: Hunting Harnesses From Gorilla Inc.
Some 60,000 Chinese-made full-body harnesses used by hunters were recalled because they could allow users to fall from tree stands and risk serious injury, the U.S. Consumer Product Safety Commission said on Tuesdaysaid on Tuesday.The harnesses were made
Vail Q1 Mountain Revenue Down 7.9%
Vail Resorts, Inc. saw its Mountain revenue decrease $3.6 million, or 7.9%, in the first quarter of fiscal 2008 to $42.5 million from $46.2 million for the same quarter last fiscal year. Mountain Reported EBITDA decreased $4.0 million, or 12.2%, to a loss
November Retail Gets Early Holiday Lift…
Retail comparable store sales managed a low-singles increase for the fiscal month of November as the shifting retail calendar gave the month an extra week of Holiday sales. Sales were also aided, though, by several cold bouts and bits of nasty weather th
Solstice Outdoor Appoints East Coast Reps
Solstice Outdoor, Inc. appointed a new team of sales representatives on the East Coast this November. Dan Eubank, Steve Robin and Jeffery Winnick will be the company’s key East Coast sales team…
NRF Looks for Improvements in WTO Retail Regulations
The National Retail Federation is reviewing a draft text of proposed new trade remedy rules released today by the World Trade Organization, and will focus on whether the draft will result in reforms to end the increasing abuse of anti-dumping and counterv
Report: Dick’s Plots Larger HQ…
Dick's Sporting Goods Inc. has filed a preliminary land development application for a new, larger headquarters on Pittsburgh International Airport property…
Summit Golf Brands Adds Zero Restriction Outerwear to Stable
Summit Golf Brands has acquired Zero Restriction Outerwear. Specific terms of the deal were not announced. Zero Restriction joins the Fairway & Greene and EP Pro brands, who, since January 2006, have been owned by Summit Golf Brands. Summit is a division
Shoe Carnival Q3 Earnings Fall On Weaker Comps; Athletic Makes a Comeback…
Shoe Carnival, Inc. continued to see a tough retail climate in the third quarter, as they experienced declines in almost all categories except athletic and women’s flats. Back-to-school was described as positive, but macroeconomic issues and the weather c
Asics First Half Sales Jump on U.S. Footwear Strength…
Asics Corp. reported that 2007 first half revenue increased 14.0% to ¥108.74 billion ($912.3 mm) from ¥95.40 billion ($828.1 mm) for the same period last year. Net income jumped 18.2% to ¥8.29 billion ($69.6 mm) from ¥7.02 billion ($60.9 mm)…
Gramicci Expands HQ
Gramicci apparel has a new expanded the brand's headquarters, which has been dubbed the “Global Habitat,” in the historic Hill Section of Agoura California. Gramicci, lead by president Marty Weening, has successfully completed Stage Two of its Strat
Dick’s Sporting Goods Q3 Net Income Jumps 57%
Dick's Sporting Goods, Inc. net income increased 57% to $12.2 million and earnings per diluted share increased 43% to 10 cents, compared to prior year net income of $7.8 million, or seven cents per diluted share. Net sales for the quarter increased 1
Asics Sees Strong U.S. Results Boost First Half
Asics Corp. reported that first half revenue increased 14.0% to ¥108.74 billion ($912.3 mm) from ¥95.40 billion ($828.1 mm) for the same period last year. Net income jumped 18.2% to ¥8.29 billion ($69.6 mm) from ¥7.02 billion ($60.9 mm). Continuous stron
