The Buckle, Inc. net sales for the 4-week fiscal month of October increased 20.3% to $50.0 million from net sales of $41.5 million for the prior year 4-week fiscal month ended October 28, 2006. Comparable store net sales increased 14.9%…
Tag: Trade
Target’s October Sales Increase 4.1%
Target Corp reported that retail sales for the four weeks ended November 3, increased 9.7% to $4,445 million from $4,054 million a year ago. Comparable-store sales increased 4.1 percent…
Nike Adds Gloves to NFL Deal…
Nike, Inc. expanded its current footwear and promotional rights agreement with the NFL to include branded gloves on-field and at retail, as well as grassroots programming. Under the deal, athletes will be able to wear Nike gloves displaying the Swoosh lo
Patagonia, prAna, REI, Nike and Timberland Earn Green Honors
Patagonia, prAna, REI, Nike and Timberland were ranked among the top ten retail frontrunners in leading the way toward sustainability at retail, according to Juice Energy, an electricity supplier with a focus on renewable sources. Others making the list w
Corner Office Shuffle…
The sporting goods industry saw several companies making changes to their respective executive teams…
Volcom Q3 Sales Jump, but Q4 Outlook Slashed
Volcom, Inc. reported a 49% jump in third quarter revenues to $91 million from $61 million a year ago. Net income surged 42.2% to $14.5 million, 59 cents a share, from $10.2 million, or 42 cents. However, the surf company slashed fourth quarter expectatio
Sports Chalet to Enter Utah
Sport Chalet Inc announced that it will enter the Utah market with the opening of a new 42,000 sq. ft. store in West Jordan this coming weekend. This location, which will feature an on-site SCUBA training pool, will be Sport Chalet's 49th store…
Nike Looks to Acquire Umbro for $582 Million
Nike has reached an agreement on an all-cash offer to acquire Umbro plc. The Board of Directors of Umbro, which is listed on the London Stock Exchange, has unanimously recommended that shareholders accept the offer of 193.06 pence, which together with the
Payless to Enter Colombia Through Joint Venture
Payless ShoeSource and its new Joint Venture partner led by Colombian retail businessman Samuel Azout, will bring Payless ShoeSource to the Colombian market with 10 new stores expected to open beginning in summer and early fall 2008. Details of this new j
Recall: Huffy Bicycles
The U.S. Consumer Product Safety Commission, in cooperation with Huffy Corp. announced a voluntary recall of 22,000 Huffy “Howler” and “Highland” Bicycles. The bikes were sold nationwide at Kmart from May 2007 through July 2007 for between $80 and $100…
Heelys Launches “Non-Wheeled” Shoe
Heelys Inc. has introduced its first “non-wheeled” shoe line – the Gamer by Heelys – featuring a simulated video game controller on the outsole of the shoe. The Gamer shoes will launch in November and will include four free video games in the box…
Sperry Top-Sider Focusing on Women’s and Int’l…
Collective Brands, Inc. gave the market a peek inside its business model at its recent shareholder meeting, providing investors, analysts and the media a pretty comprehensive look at a model that merges once divergent wholesale, retail and licensing busin
Nordstrom Cuts Guidance Despite Positive September Comps
Nordstrom, Inc. reported sales of $762.2 million for the month of September, an increase of 4.1% compared to sales of $732.5 million a year ago. Same-store sales increased 3.2%…
Kohl’s Comps Decline 3.2%
Kohl's Corp reported comparable store sales fell 3.2%. The mid-tier department store operator also said Q3 earnings would come in at the low end of its former guidance…
Nautilus Renegotiates Debt Agreement
Nautilus, Inc. signed a proposal letter with Bank of America, N.A. to expand its current debt facility to a 5-year, $150 million asset-based loan with a $50 million accordion. The fitness company has targeted to close the new facility by year-end 2007, su