Costco’s CEO to Retire
Costco Wholesale announced that CEO Jim Sinegal will step down at the beginning of 2012. Sinegal said he will leave the company on Jan. 1, 2012, the same day he turns 76. Sinegal will be succeeded by Craid Jelinek, who currently serves as Costco's pr
Target’s August Comps Climb 4.1 Percent
Target Corporation reported that its sales for the four weeks ended Aug. 27, 2011 were $5.29 billion, an increase of 5.4 percent from $5.02 billion a year ago. On this same basis, August comparable-store sales increased 4.1 percent…
Atomic USA Names Nordic Reps for New England
Atomic USA hired Bob Collins and Drew Gelinas as Nordic sales representatives for northern New England…
Finish Line Acquires The Running Company
The Finish Line, Inc. announced that it has invested $8.5 million to acquire the assets of and assume certain liabilities of The Running Company, an 18-store chain of specialty running shops across several states with consolidated annual sales of approxim
Former Swatch USA President to Oversee Glamm Industries
Total Licensing, Inc. and Glamm Industries, LLC announced that Glamm has appointed Walter Sims, former president of Swatch USA, as interim executive vice president of operations. TLI, a wholly owned subsidiary of Total Apparel Group, Inc., recently partn
Genesco Narrows Q2 Loss, Raises Full-Year Outlook
Genesco Inc. reported earnings from continuing operations for the second quarter ended July 30, 2011, of $0.4 million, or 1 cent per share, compared to a loss from continuing operations of $2.4 million, or 10 cents, a year ago. Comparable store sales incr
Zumiez Swings To 2Q Profit On Strong Same-Store Sales Growth
Zumiez Inc. reported sales for the second quarter increased 14.9 percent to $112.2 million from $97.7 million reported a year ago. Comparable store sales increased 7.5 percent on top of an increase of 9.3 percent for the second quarter of fiscal 2010…
Derby Cycle AG Reports Nine Month Sales Up 38 Percent
Derby Cycle AG’s revenues reached EUR 198.8 million ($274 mm) in the nine months ended June 30, up 38 percent compared with EUR 144.1 million in first nine months of fiscal year 2009/10. The German company said it sold 413,000 bicycles from the Kalk
Nordstrom Offers Free Shipping and Returns
Nordstrom Inc. has decided to offer free shipping on online orders for nearly all purchases less than $200. Up to now, the policy had been free shipping only for purchases over $200…
Peter Millar Looks to Expand Collegiate Licenses
Peter Millar is launching a premium collection of collegiate sportswear, which is licensed by The Collegiate Licensing company, beginning this fall with The University of North Carolina, Chapel Hill. Peter Millar is planning to expand the Collegiate Colle
Li Ning’s Profits Slide 50 Percent in First Half
Li Ning Co Ltd. reported a 50 percent drop in its first half profit on a 4.8 percent decline in sales. The Chinese-athletic footwear and apparel giant said the operating environment is expected to remain challenging due to intensifying competition among
Moving Comfort Supports Breast Cancer Awareness Month
Moving Comfort announced their 2011 Support Your Girls Campaign in honor of October National Breast Cancer Awareness Month. During the month of October, Moving Comfort will donate one dollar for every sports bra sold online at www.movingcomfort.com, as we
Under Armour to Sponsor Grand Prix
Under Armour Inc. has inked a deal to sponsor the inaugural Baltimore Grand Prix event…
Rock/Creek Plans to Open Expanded Paddle Shop Oct. 1
Rock/Creek said it expects to open a new, improved retail paddling store, outlet and distribution center in Chattanooga, TN Oct. 1 just in time for the Rock/Creek StumpJump 50k and Chattanooga RiverRocks festival. The expanded location will make Rock/Cre
NRF Survey; Department and Apparel Stores Attract Last-Minute BTS Shoppers
A survey released Tuesday by the National Retail Federation and conducted by BIGresearch showed that department stores, clothing stores and websites are expected to attract most of the last-minute back-to-school purchases…
