VF Corp. saw an 11.8% gain in third quarter earnings on a 6% revenue gain. However, due to a “significant deepening of the global financial crisis and worsening economic conditions taking a heavy toll on consumer confidence and spending in many markets ar
Tag: Trade
Sales by Leisure Retailers Rose in September
The U.S. Census Bureau released advance estimates of U.S. retail sales for September showing that sales by sporting goods, hobby, book and music stores fell 1.1% from August, but rose 0.9% from September a year ago. Sales for the category reached $7.47 b
Bon-Ton Predicts Low FY08 Results
The Bon-Ton Stores, Inc. said that based on fall season sales trends and continued expectations for a soft holiday season, it believes its full-year fiscal 2008 financial results will be at the low end of the previously stated guidance range. Guidance pro
Winter Sports Retailers Usher in Season with Lean Inventories and High Hopes
Despite coming off one of their fattest seasons in years, snowsports retailers are entering the winter with their leanest inventory ever and leaving brands equally anxious over the credit crunch on one hand and lost sales on the other. The consensus is th
American Apparel September Comps Jump 15%
American Apparel Inc.'s September same-store sales rose 15%. For the third quarter ended Sept. 30, same-store sales rose 24%…
The North Face and Vans to Continue Leading the Way for VFC Through 2013
VF Corp. hosted an investor and analyst meeting last week and discussed major growth opportunities for two of its more established brands in sporting goods, The North Face and Vans…
The Language of Harassment
For the last 20 years or so, employers have focused on educating their employees regarding harassment laws. This is a good thing and nothing in this article is intended to suggest otherwise. However, this article suggests that, in their desire to squelch
Fortune Brands Declares Dividend
Fortune Brands, Inc. declared today a regular dividend of 44 cents per share on the Common Stock, payable in cash on Dec. 1, 2008, to stockholders of record at the close of business Nov. 12, 2008…
Amer Sued by Avocet Sports Technology
Avocet Sports Technology, based in Menlo Park, CA, has filed a lawsuit against Amer Sports and its subsidiary, Suunto USA, for infringing on three patents for altimeter devices. The suit seeks monetary damages in excess of $20 million…
Collective Brands Reaffirms Guidance
Collective Brands Inc. reaffirmed its comparable store sales for the fiscal year, while providing details of the impact from Stride Rite's acquisition. The Topeka, Kansas-based footwear and related accessories retailer confirmed its same store sales
Boscov’s Gets Bid
Versa Capital Management, Inc., a Philadelphia-based private equity investment firm that recently acquired Bob's Stores, has reached an agreement to acquire bankrupt Boscov's Department Store. Under bankruptcy procedures, Versa will serve as the
Dreams, Inc. Acquires StarStruck
Dreams, Inc., which owns the FansEdge website and chain, has acquired the assets of StarStruck/ProTeam, a catalog-focused retailer in the sports licensed products industry. Star Struck/ProTeam is one of the largest catalog and Internet retailers of licens
Russell Athletic Named ‘Title Sponsor’ of NAIA Championship
Russell Athletic and the Host Committee for the National Association of Intercollegiate Athletics (NAIA) football national championship entered an agreement that grants Russell Athletic “title sponsorship” rights for the 2008 and 2009 NAIA Championships.
Mizuno Renews Sponsorship with USA Volleyball
Mizuno USA, Inc. announced that the company has renewed its sponsorship agreement with USA Volleyball to remain as the “Official Athletic Apparel and Footwear Supplier for the USA Men’s and Women’s National Teams and those teams representing the United St
SCARPA N.A. Names New Dept. Head, Sales Rep
SCARPA North America added two new team members and promoted from within by announcing a new Sales Service Department Coordinator, Risa Drew…
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