Saks November Comps Fall 5.2%
Retailer Saks Incorporated saw owned sales total $332.9 million for the four weeks ended Nov. 29, 2008 compared to $347.6 million for the four weeks ended Dec. 1, 2007, a 4.2% decrease. Comparable store sales decreased 5.2% for the month. On a year-to-dat
J.C. Penney Reports Nov. Comps Down 12%
J. C. Penney Company, Inc. reported comparable store sales decreased 11.9% for the four-week period ended Nov. 29, 2008, in line with the company’s guidance for a low-double digit decrease and compared with a 5.4% increase during the same period last year
Sportsman’s Warehouse Gets Canadian Parent
In a much-rumored and anticipated move, an agricultural co-op largely unknown outside its base in Alberta, Canada has recapitalized struggling outdoor retailer Sportsman’s Warehouse as part of a deal that could make it a key player in the crowded U.S. hoo
Black Friday Traffic Steady at Retail; Consumers Look to be Buying into Deals
Steady. That seemed to be the most common word used to describe traffic on that holiest of retail days, Black Friday. According to ShopperTrak, Black Friday sales increased 3.0% to $10.6 billion over last year, with steady growth from around the country..
Terramar Sports Hires Pico Manufacturing
Terramar Sports, a maker of performance base layers, has hired Pico Manufacturing to help it build business with department stores and mass merchandisers nationwide…
JD Sport’s Sales Dip
JD (John David) Sports Fashions Plc, the U.K.’s third-largest sporting-goods retailer, said same-store sales declined 1% in the last 11 weeks since Sept. 13, reducing the gain for the first 43 weeks of the fiscal year to 4%. JD said the performance wasn’t
Keen Exec Becomes Columbia’s Footwear GM
Columbia Sportswear Co., which owns Montrail, appointed Kirk Richardson as general manager of footwear, effective Dec. 1, 2008. Since March of 2006, Richardson has served as president of Keen Footwear…
Intrawest Names New President/CEO
Intrawest appointed Frank DeBerry to the position of President and COO at Mountain Creek in New Jersey. In this role, DeBerry will be responsible for all aspects of Mountain Creek's resort operations and he…
Skins Partners with Henrich
Skins Inc. has entered into a new development and manufacturing partnership with Henrich e Cia Ltda in Brazil. Henrich currently manufactures international brands such as Carrano, Max & Co., Clarks, Naturalizer, Good Guy Girl, Top Shop, Buffalo, Unisa, AR
Cannondale SG Lines Up Financing for Dealers
GE Money’s Sales Finance unit and Cannondale Sports Group (CSG) have entered a multi-year agreement to provide a consumer financing program to CSG dealers nationwide, beginning Jan. 15, 2009…
Oakley Becomes North American Distributor for Arnette, Revo
Effective Jan. 1, 2009, Oakley, subsidiary of Luxottica, will become the sole North American distributor for Luxottica house brands Arnette and Revo for all channels of trade replacing Avant Garde Optics. Additionally, Oakley will become the sole distribu
Commerce Finds Vietnamese Apparel Not Being Dumped
The U.S. Department of Commerce has ruled that there is insufficient evidence to warrant self-initiating an antidumping investigation of Vietnamese apparel imports. The conclusion follows the third review of six-months of import data since Vietnam’s entry
Hibbett Sports Points to Strength in Footwear as Comps Inch Up Slightly
Hibbett Sports Inc. attributed a high-single digit increase in revenues for the third quarter ended Nov. 1 to strength in its footwear business, a segment that traditionally generates a significant portion of the retailer’s total sales…
Steve and Barry’s to Liquidate
Steve & Barry's has filed for bankruptcy protection a second time, less than five months after its initial filing, with a plan to fully liquidate. According to the company's Chapter 11 petition filed late Wednesday in Manhattan, the 276-store re
Hibbett Raise Earnings Outlook on 8.1% Sales Increase
Hibbett Sports Inc. raised its earnings outlook for the fiscal year ended Jan. 31, 2009 saying its IT investments were helping it better manage inventory and boost comp store sales despite economic headwinds. The company said net sales rose 8.1% on a 0.4%
