J. C. Penney Company, Inc. is expanding its presence in major markets and plans to complete major renovations at a total of more than 375 stores as part of a new long-range plan aimed at adding $1 billion in new sales by 2014…
Tag: People
Steven Colbert Lends Wit to America’s Great Outdoors Initiative
Comedy Central comedian Steven Colbert has thrown his weight and wit behind the Obama Administration’s America’s Great Outdoors Initiative with an endorsement on the website, www.greatoutdoorsamerica.org…
Edwin Watts Completes Sears In-Store-Shops Program
Edwin Watts Golf Shops, LLC said its “store-within-a-store” retail program with Sears Holdings is now complete, as 12 Edwin Watts Golf Shops have now opened inside of Sears stores in key markets across the country…
Michael Vick’s Jersey a Hot Seller Again
Sources told CNBC that retailers in the Philadelphia area are placing major orders for Michael Vick's jersey since he was named the starter by Eagles coach Andy Reid last week…
Xenith Raises $10.5 Million in Equity Financing
Xenith, LLC, the football helmet specialist, has raised $10.5 million in equity financing from its existing investors. The company said the funds will be used to continue the company's research and development activities for head protection applicati
Vail Resorts Retail Sales Slip in Q4, but Rebound on Labor Day Weekend
Vail Resorts Inc. completed its fiscal year with a 5.0% gain in retail and rental revenues despite a fourth quarter decline of 2.1% in the fourth quarter and said it had made big gains in booking its ski resorts since June…
Adidas Sees Growth Continuing
In an interview last week with Bloomberg News, Adidas Group CEO Herbert Hainer estimated higher sales and profits in 2011, citing a rebound in China and Russia emerging as its top European market. Expected gains from new products such as Reebok ZigTech ar
Garmont Appoints New Lead in Footwear
Garmont USA has appointed Joshua Gibbs to their management team to oversee the outdoor divisions of Garmont footwear and Bridgedale socks. Gibbs will take the role of footwear sales manager, effective Wednesday, Oct. 13, 2010…
Nike’s Q1 Profits Increase 9%, Futures Climb 10%
Nike Inc. reported first quarter sales grew 8% to $5.2 billion. Excluding currency fluctuations, sales grew 10%. Earnings rose 9% to $559 million, or $1.14 a share, from $513 million, or $1.09, a year ago, thanks in part to gross margin expansion driven b
Oakley Joins U.S. Ski Team’s Supplier Group
Oakley has joined nearly 60 brands belonging to the U.S. Ski Team's Supplier Group and will provide goggles and sunglasses to selected members of the alpine, freestyle and nordic teams…
Patagonia’s CEO Addreses RILA Sustainability Summit
The Retail Industry Leaders Association (RILA) kicked off the educational programming for its third annual Environmental Sustainability and Compliance Conference (ESCC) with a keynote address from Casey Sheahan, CEO of Patagonia…
Conference Board Still Sees Economic Improvement
The Conference Board, a private research group, said its index of leading economic indicators increased 0.3% last month after rising 0.1% in July and undergoing a 0.2% decline in June…
Deloitte Forecasts 2% Rise in Holiday Sales
Deloitte's retail group expects total holiday sales from November through January to reach $852 billion, representing a 2% increase in holiday sales, excluding motor vehicles and gasoline, over last season. The growth represents a slight improvement
Adidas Sees China Rebounding in 2011
Adidas AG expects to increase sales and profit in 2011 as China rebounds and Russia becomes its top European market, Chief Executive Officer Herbert Hainer told Bloomberg News…
Interbike 2011 Show Stirs Mixed Reactions
Putting an end to speculation, Interbike organizers said the 2011 show will be held Aug. 8-12 in Anaheim, CA. The city is slated to play host through 2013…
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