Genesco to Redeem Notes
Genesco Inc. announced the issuance on November 3, 2009, of a notice of redemption to the holders of the company's 4.125% Convertible Subordinated Debentures due 2023. Pursuant to the notice, all of the Debentures that remain outstanding will be rede
Urban Outfitters Third Quarter Comps Dip 2%
Urban Outfitters reported that total company net sales increased by 6% to $506 million for the fiscal third quarter versus the same quarter last year. Total company comparable store net sales declined 2%. Direct-to-consumer net sales jumped 21% and whole
Dorel’s Q3 Profits Climb 11.1% Despite Sales Dip
Dorel Industries Inc. reported net income for the third quarter rose 11.1% to U.S. $30.2 million. Revenue was $518.5 million, down 6.1% from $552.2 million a year ago.
The third quarter revenue decline of 11% in its Recreational/Leisure segment was due p
J.C. Penney Comps Drop 4.5%, Raises Q3 EPS Guidance
J.C. Penney Co., Inc. reported that comparable store sales for the four-week period ended Oct. 31, 2009, decreased 4.5%, slightly better than the company’s guidance for sales to decrease 5% to 8%. In last year’s October period, comparable sto
TJX’s October Comps Surge 10%, Hikes EPS Guidance
The TJX Cos. reported sales for the four-week period ended Oct. 31, were $1.7 billion, up 15% over the $1.5 billion achieved a year ago. Consolidated comps increased 10%…
Brooks Sports Earns Two Industry Awards
Brooks Sports, Inc. announced that two of its newest footwear styles have been honored by Runner’s World magazine. In the December 2009 issue, on newsstands as of November 3, Brooks’ Adrenaline™ GTS 10 is crowned “Best Update” and
Finish Line Donates 92,500 Shoes
The Finish Line, Inc. announced that through its “Sole Destination” program, approximately 92,500 pairs of gently used shoes will be donated to Soles4Souls, a charitable organization that distributes shoes free of charge to people in need throughout the w
IV Gear Licenses Coppertone Brand for Headwear
Thanks to a new licensing agreement with Schering-Plough HealthCare Products, the IV Gear division of InnoVision will be introducing a line of sun-protective headwear under the Coppertone brand. Initially, IV Gear will introduce 23 styles ranging from buc
Deuter Names Dir. of Sales/Marketing
Deuter, makers of multi-use packs, announced the hiring of Christian Mason as director of sales and marketing. Mason comes to Deuter USA from Petzl America, where he most recently managed the headlamp division for the vertical and headlamp equipment manuf
HD Spex Eyewear Brand Gains Equity Investment
Fireman Capital Partners, an investment group led by former Reebok CEO Paul Fireman, said it has made an investment in Pilla Inc., a company formerly known as HD Spex, that specializes in enhanced vision products for athletes such as marksmen and shooters
Cabela’s to Offer Customers Identity Protection
Cabela’s Inc. and LifeLock, Inc., a leader in proactive identity theft protection, have partnered to provide Cabela’s customers a special offer to help protect their identity…
Play It Again Parent Sees Q3 Profit Gain
Winmark Corporation, the parent of Play It Again Sports, reported earnings grew 33% in the third quarter ended Sept. 26, to $1.8 million, or 33 cents a share, from $1.35 million, or 24 cents, a year ago. Revenues grew to $9.8 million from $9.1 million…
Adams Golf Settles Stockholder Class Action Litigation
Adams Golf has agreed to settle and resolve a stockholder class action lawsuit initially filed in June 1999 against Adams Golf, certain of its current and former officers and directors, and the three underwriters in Adams Golf's July 1998 initial pub
Former Mission-Itech Hockey CEO to Head LPGA
Michael Whan, most recently CEO of Mission-Itech Hockey, has become the new commissioner of the LPGA (Ladies Professional Golf Association). Mission-Itech was acquired by Bauer Hockey in September 2008…
LaCrosse Sees Military Lift in Q3
Congruent with a second quarter that saw strong military sales drive record margins, LaCrosse Footwear reported more of the same for third quarter, as the military business boosted the company’s Work business enough to compensate revenues lost from
