NFL to Lay Off 14% of Staff
The National Football League will lay off almost 14% of its staff to cut costs, Reuters reported. The report follows an announcement by the NBA in mid-October that it was laying off 9% of its workforce due to a weakening economy and declining season ticke
Season Pass Sales Soar, Bookings Dive at Vail Resorts
Vail Resorts, Inc reported its season pass sales were up 29% from the same time last year, but said advance bookings at its mountain resorts were off 23% and that if they did not improve it would have to lower its guidance for the current fiscal year…
SIA: Pre-Season Snow Sports Sales Post Solid Gains
Snow sports sales rose a surprising 9% in the August to October period, bolstered by a significantly higher ratio of carryover equipment sales. Sales of children's gear was also up strongly, the Snowsports Industries Association reported. The number
Discounting Prompts G-III to Lower Guidance
G-III Apparel Group, Ltd. lowered its full-year guidance after reporting net sales rose 29.6% thanks largely to acquisitions. The company said that since retailers have been slower to reorder, it expects to see a higher level of promotional activity in th
Crocs Hires Global Creative Director
Crocs, Inc. said Charlie Johnson has recently filled the newly created Global Creative Director position. Chris Ladd was appointed VP of Global eCommerce…
NSGA: Larger Retailers Show Stronger Productivity
Larger full-line sporting goods retailers showed stronger key measures of productivity and profitability than did their smaller counterparts, according to data in the newly released NSGA Cost of Doing Business Survey. For the current study, larger full-li
Gander Mountain Swings to Third Quarter Profit
Gander Mountain Company reported sales of $269.9 million for the quarter ended Nov. 1, 2008, an increase of 4% over the prior year period. Comparable store sales decreased 6.5%. Net income for the third quarter was $770,000, or 3 cents per share, compared
SGMA Team/Sports Licensing Show Postponed
SGMA and dmg world media announced the postponement of the next SGMA Team Sports Show and the SGMA Sports Licensing Show, tentatively scheduled for June 2009…
Burton Relocates Brands to Vermont
Burton has begun transitioning The Program, which includes snowboard brands Forum, Special Blend and Foursquare, from its Irvine, CA offices to Burton’s Vermont headquarters. The company said the transition will be complete by early February and will allo
West 49 Q3 Comps Increase 2.1%; Net Down
West 49 Inc. reported net sales growth of 4.4% to $61.7 million (U.S. $45.7 million) in the third quarter ended Oct. 25. Comparable store sales increased 2.1% on a consolidated basis, including growth of 0.7% for the West 49 banner. Net income for Canada&
Traub Leaves Board at NexCen
NexCen Brands, Inc. said Marvin Traub has resigned from its board of directors, effective Dec. 4, 2008…
Nike Foundation Focuses on AIDS Awareness for Girls
Against the backdrop of World AIDS Week, the Nike Foundation has launched a global effort with government partners to put adolescent girls in developing countries at the center of HIV-prevention strategies…
Bakers Footwear Reports 3.6% November Comp Gain
Bakers Footwear Group, Inc.'s comparable store sales in November increased 3.6%, compared to a decrease of 3.7% for the four-week period ended December 1. Net sales for the four-week November 2008 period increased 1.7% to $16.2 million, compared to $
Stage Stores November Comps Beat Guidance
Stage Stores, Inc. reported that its total sales for the four week November period ended Nov. 29, 2008 decreased 4.8% due in part to the timing of the Thanksgiving weekend. Comparable store sales decreased 8.0% versus an increase of 3.6% last year…
Costco’s U.S. Comps Down 2% in November, Up 3% in Q4
Costco Wholesale Corporation reported net sales of $5.55 billion for the four weeks ended Nov. 30, 2008, a decrease of 3% from $5.72 billion in the same four-week period last year. When excluding the effects of lower gas prices and a stronger dollar, U.S.
