Athleta to Open 8 to 10 Stores in ’11
Gap Inc. plans to open between eight and 10 Athleta stores in the U.S. in 2011, including one in Los Angeles. In January, Athleta, acquired by the Gap Inc. in September 2008, opened its first full-scale retail location on Fillmore Street in San Francisco.
West Marine Sees Turnaround Progressing
West Marine, Inc. reported revenues advanced 3.3% in the fourth quarter to $107.3 million with same-store sales ahead 1.6%. The net loss widened to $19.8 million from $12.8 million but the prior-year period included numerous one-time benefits. Excluding b
Derby Cycle AG Reports Very Strong Revenue Growth in Q1
Derby Cycle AG reported revenues grew 30.5% to €37.8 million ($51.5 mm) in the fiscal first quarter ended Dec. 31 on soaring sales of e-bikes. Germany’s largest bicycle manufacturer said that despite a 39.0% increase in cost of materials, it w
Interior Solicits Comments on 10-Year Plan for Refuge System
The U.S. Department of Interior is accepting public comments on draft vision plan to guide the growth and management of the National Wildlife Refuge System that was released Thursday by Secretary of the Interior Ken Salazar. The public can comment on the
West Marine Sales Up 3.3% in Q4
West Marine, Inc. reported that net revenues for the 13 weeks ended Jan. 1, 2011 were $107.3 million, an increase of $3.4 million, or 3.3%, compared to net revenues of $103.9 million for the corresponding period last year, with comparable store sales incr
Kohl’s Reports Strong 4Q, Initiates Dividend
Kohl's reported net income in the fourth quarter of $493 million, or $1.66 a share, compared with $431 million, or $1.40 a share, in the same quarter last year…
Sears Appoints New CEO
Sears Holdings Corp., the parent of Sears and Kmart, reported lower profit for the fourth quarter of 2010 and a drop in comparable store sales. It also ended a three-year search to name Lou D'Ambrosio chief executive officer and president of the comp
Under Armour’s Sponsorship Expenses Double in 2010
Under Armour Inc.'s sponsorship obligations totaled $167 million at the end of 2010, nearly double the $78 million spent in 2009, according to its just-released annual report…
RECALL: EB Brands Resistance Stretch Tubing
About 29,700 units of resistance stretch tubing from EB Brands, of Yonkers, NY is being recalled. The handle on the tubing, also called bands, can break or detach while in use, causing the tubing or handle to strike the user and posing an injury hazard…
RECALL: Felt Bicycles
About 1,550 bicycles from Felt Bicycles, of Irvine, CA are being recalled. The bicycle's fork can break, causing the rider to lose control, fall and suffer injuries. No injuries have been reported…
REI Recalls 160 Novara Fusion Bikes
REI is recalling about 160 of its Novara Fusion bicycles because the alloy steerer tube could separate from the fork causing the rider to lose control and posing a fall hazard to consumers…
Darn Tough Vermont Expanding Vermont Knitting Plant
Darn Tough Vermont said its Northfield, VT hosiery mill will increase its number of knitting machines by nearly 50%, half of which will be the latest generation of seamless knitting machines to meet growing demand for its Made in the U.S.A. socks…
Nike Opens Mega-Logistics Center in China
Nike Inc. on Tuesday unveiled its biggest logistics center in Asia in Jiangsu province. The new 200,000 square meter facility is on target to be the first LEED (Leadership in Energy and Environmental Design Green Building Rating System) accredited warehou
JAM Media Collective Moves to Larger Office
JAM Media Collective, a boutique public relations agency specializing in outdoor, bike, accessories and eco-friendly consumer products has announced its move from San Francisco to a new, larger office in downtown Mill Valley, CA, under the shadow of Mount
Golfsmith Trims Losses in Q4, Comps Rise 6.4%
Golfsmith International Holdings, Inc. reported revenues in the fourth quarter increased 14.2% to $72.9 million as compared to $63.9 million in the fourth quarter of 2009. Comparable store sales increased 6.4% while sales from the company's direct-to
