Nike, Inc. — and a number of retailers — may take a bit of a financial hit this summer as a result of the legal problems associated with one of its key athlete endorsers. After the firestorm surrounding the federal indictment of Michael Vick for allege
Tag: People
Brunswick Names VP, General Counsel
Brunswick Corporation named Lloyd C. Chatfield II as vice president, general counsel and secretary reporting to Brunswick Chairman and Chief Executive Officer Dustan E. McCoy…
Callaway Golf Anticipates Strong Q2 Results
Callaway Golf Company expects net sales for the second quarter to be approximately $380 million, representing a year-over-year increase of approximately 11%. Management also estimates that based on these sales levels, earnings per diluted share will incre
REI Completes Phase One of Boulder Store
REI's Boulder, CO prototype store has reached the second phase in its expansion and renovation. Upon completion, the store will serve as a working laboratory to analyze new retail concepts and the performance of green building features. REI will oper
June Retail Comps Up as Market Readies for BTS…
The retail market took another step away from April’s woes in June with modest comparable sales gains that spurred the Dow Jones into the biggest single day jump in almost four years and sent the index near the 14,000 mark. However, Friday saw stocks sta
SIMA Reports Surf Industry Sees Double-Digit Growth…
According to the Surf Industry Manufacturers Association (SIMA), the surf industry grew in the mid-teens since 2004. In a third-party research study commissioned by SIMA, Retail Distribution Study, the surf industry grew 14.5% in 2006 to $7.48 billion fro
Pacific Outdoor Equipment Names U.S. Sales Director
Pacific Outdoor Equipment has hired John Campbell as U.S. Sales Director. Campbell will be joining the Bozeman, Montana based company immediately and will work directly with Pacific Outdoor’s sales reps and dealers…
Nautilus Sees Settlement Keep Q2 Out of the Red
Nautilus, Inc. reported a 15% decrease in net sales for the second quarter to $117.1 million from $137.6 million last year. Net income for the quarter was $1.1 million, or 4 cents per share, down 35.3% compared to $1.7 million or 5 cents per share for the
Jansport President Corvino Killed in Car Accident…
Michael Corvino, president of JanSport, was killed Saturday in a car accident. Corvino, who was 46 years old, died when he lost control of the 1970 Dodge Charger he was driving, veering off the road and hitting a tree, according to a California Highway P
Nike Hires New U.S. Brand Manager
Nike hired Ken Dice as vice president of USA brand management. Most recently, Ken held the position of EVP of marketing for Discovery Communications. For the last three and a half years, he led the marketing teams for The Discovery Channel, The Learning C
Lululemon Shrinks IPO Offering
Lululemon Athletica Inc. said in a filing on Friday that it is shrinking the size of its initial public offering by nearly 10 percent, to 16.4 million shares from 18.2 million. The investors plan to sell 14.1 million shares, down from an earlier plan for
Stage Stores Comps Increase 1.4% in June
Stage Stores, Inc. total sales for the five-week June period beginning June 3, 2007 and ending July 7, 2007 increased 9.9% to $133.4 million from $121.4 million in the prior year five-week period beginning May 28, 2006 and ending July 1, 2006. Comparable
Spalding Names New Marketing Manager
Spalding has appointed Wendy Unger-Moore as marketing manager. Unger-Moore will be responsible for all marketing related activities as they pertain to the National Basketball Association (NBA), the Women’s National Basketball Association (WNBA) and the Na
Mitchell and Ness Opens Tokyo Flagship Store
Mitchell & Ness Nostalgia Co. has opened its first international retail location: the Mitchell & Ness flagship store in Tokyo, Japan. The store is located in the heart of the trendsetting street wear district, Harajuku, which neighbors the burgeoning, hig
Saks’ Comps Fall 5.6%
Saks Incorporated announced that owned sales totaled $237.6 million for the five weeks ended July 7 compared to $247.3 million for the five weeks ended July 1, 2006, a 3.9% decrease. Comparable store sales decreased 5.6%…
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