Luxottica Group S.p.A. reported net sales reached €1.212 billion ($1.54 billion) in third quarter ended Sept. 30, 2008, up 12.8% at constant exchange rates from the same period of the previous year. Pro forma net sales, on the other hand, were down 2.7% a
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Big Retailers Expect to Offer More Discounts
According to a study conducted in October, 88% of chief marketing officers at the nation's larger retailers expect to offer more discounts and promotions this holiday season as a result of the economy and credit crunch, up from 73% last year. Most of
Shoe Pavilion to Liquidate
Shoe Pavilion, which filed for bankruptcy in July, plans to close all its stores after 29 years in business. The California retailer last week commenced GOB sales at its remaining 64 locations…
Cybex Gets Boost from Strength Equipment
Cybex International, Inc.’s top-line growth in the third quarter was helped by high single-digit growth in the cardio end of the business, but double-digit growth in strength equipment pushed overall sales higher for the period…
Columbia Pushing Ahead with Owned-Retail Openings as Retailers Cut Back Orders
Columbia Sportswear Company said net sales declined 4% in the third quarter as retailers cut their orders for the holiday season. The company said wholesale sales declined in the high-single-digits but were partially offset by a doubling of retail sales t
Paddlesports Trade Show Talk Heats Up
Talk of creating a stand-alone paddlesports trade show apart from the Outdoor Retailer Summer Market is picking up steam as the industry prepares to merge its two largest trade organizations, TAPS and PIA. The idea has been building over the last two year
Paddlesports Groups Get Closer to Merger
The board for the Trade Association of Paddlesports is set to meet early this week to review how a merger with the Paddlesports Industry Association would affect the surviving organization’s finances. If the TAPS board decides to move ahead with the merge
City Sports Relocates HQ to Boston
City Sports moved its corporate headquarters from Wilmington, MA, to Boston's North End. The new City Sports office is located at 77 North Washington Street. The company's distribution center will remain in Wilmington. It also announced plans to
A.T. Cross Co. Q3 Consolidated Sales Increase 11%
A.T. Cross saw consolidated sales for the third quarter ended Sept. 27, increase 11% to $39 million compared to $35.1 million in the third quarter of 2007. The company’s optical segment, which now includes the Native Eyewear business, had a third quarter
GSI Commerce Revenues Rise 36%, Earnings Outlook Stable
GSI Commerce said it lost more money on operations despite a 36% increase in net revenues to $186.8 million in the third quarter ended Sept. 27. Still, the company is on track to meet its earnings guidance thanks to better than planned operating margins..
Liz Claiborne Sells Enyce to Sean John
Liz Claiborne Inc. plans to sell its Enyce urban clothing brand to Sean “Diddy” Combs, the Grammy-winning musician and entrepreneur, for an undisclosed sum. Claiborne, which bought the denim-based streetwear line for $114 million from former Fila parent,
REI to Open Second New Jersey Store Next Fall
Recreational Equipment, Inc. (REI) plans to open a new store in East Hanover, NJ in the fall of 2009. Located at Route 10 and Murray Road, the 30,000 square-foot store will offer the top brands of gear and apparel for outdoor recreation…
Retailers Urged to Promote Learn-A-SnowSport Month
Thirteen industry resort associations representing 22 states are teaming with five national associations to will offer special free or discounted packages for children and adults who want to learn an outdoor winter activity. Retailers are urged to work w
Swimskin Maker blueseventy Names New CEO
Tim Moxey is stepping back from his role as CEO at blueseventy – a maker of swim skins for triathletes – so he can focus more on nuun active hydration. Taking his place will be 8-year blueseventy veteran Steve Nicholls…
GoLite Hires Donley Morton as Marketing Director
Lightweight apparel and gear maker GoLite has named former OIA marketing director Dana Donley Morton as its marketing director. Effective Oct. 30, Morton will report directly to GoLite Co-Founder and President Demetri Coupounas.
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