Nike, Inc. reached an agreement to acquire a 125-acre land parcel in Memphis, TN, known locally as Northridge, where it plans to build a new 1 million square foot footwear distribution center. The land purchase agreement was signed March 1, 2007, by Nike
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L.L. Bean Donates $1 Million to Freeport Park
L.L.Bean will give $1 million to the town of Freeport for the development and donation of a public green space/park that will include trails, a skating pond, picnic benches and shelters. The company, based in Freeport, said the donation was made in honor
Volcom Sees Q4 Sales Increases in All Segments…
Volcom, Inc. ended the year on a high note as sales increased in each of its product categories, in each of its geographic breakdowns, and in both customers large and small. Overall, fourth quarter revenues increased 37.2% to $56.6 million, from $41.2 mil
Russell Athletic to Sponsor Arena Football
Russell Athletic will sponsor Arena Football for the next five years starting this season on all regular and post season telecasts on ESPN networks and ABC. Russell Athletic will also be the exclusive uniform provider for the league and will debut its per
TAF Contributes $1.9 mm to Nexcen Results
Nexcen Brands, Inc. reported that revenues at The Athlete's Foot for 2006 amounted to approximately $9.9 million. The company owned the franchising business for less than two months in 2006 and recognized revenue of approximately $1.9 million in its
Volcom Sales and Earnings Climb, EU Investment Should Pay-Off in 2007
Volcom, Inc. fourth quarter revenues increased 37.2% to $56.6 million, compared with $41.2 million in the fourth quarter of 2005. Net income for the fourth quarter of 2006, which includes a provision for income taxes using a 39.4% tax rate, increased to $
Cabela’s Positive Q4 Comps Boost Income 25.5%
Cabela’s Incorporated revenue for the fourth fiscal quarter of 2006 increased 15.6% to $781.0 million compared to $675.4 million for the fourth fiscal quarter of 2005. Net income for the fourth fiscal quarter of 2006 increased 25.5% to $53.4 million, or 8
Sea Otter Classic Partners with Toyota to go Green
The Sea Otter Classic announced today that the San Francisco Region, Toyota Motor Sales, U.S.A., Inc., has joined the Sea Otter Classic and Clif Bar & Co. on a “Path to Sustainability.” The goal of Sea Otter's “Path to Sustainability” is to reduce th
Spalding Names Director of Branding and Licensing
Spalding has promoted Christy Hedgpeth to Director of Branding and Licensing. Hedgpeth will be responsible for brand consistency across all of the Spalding businesses and will also manage existing licensees, establish new licensing partnerships with strat
Crocs Q4 and Full Year Revenues Outpace Year-Ago
Crocs, Inc. saw fourth quarter revenues jump 236.9% to $112.9 million from $33.6 million during last year's quarter. Net income for the quarter was $20.8 million, or 51 cents per diluted share, compared to $4.2 million, or 12 cents per diluted share,
Puma Q4 Income Falls on 37.6% sales Increase
Puma finished the first year of Phase IV of its long-term corporate development better than expected. In Q4, consolidated sales increased 37.6% to €480.6 million ($620 mm). Footwear rose by 30.3% to €273.2 million ($352 mm) while Apparel increased by 79.4
Masterfit Inks Deal with Mica Sports Canada
Masterfit Enterprises and Mica Sport Canada have entered into an agreement that will provide Mica with exclusive distribution rights to Masterfit's Instaprint custom insole products, fit aids and boot fitting tools in the Canadian market. Mica will d
Bon-Ton January Comps Increase 6.4%
The Bon-Ton Stores, Inc. total sales for the five weeks ended February 3, 2007 increased 283%, to $240.6 million, compared to $62.8 million for the prior year period. January sales include $161.3 million from Carson's and Parisian stores acquired in
JC Penney January Department Store Comps Up 3.6%
J. C. Penney Company, Inc. saw comparable sales in its department store sales increase 3.6% for the four weeks ended Jan. 27, 2007, above initial expectations for a low-single digit increase and compared with a 2.5% gain last year. Total department store
Gottschalks January Comps Fall 1%
Gottschalks Inc. total sales for the five-week January period ending February 3, 2007 increased 21.1% to $43.5 million from $35.9 million in four-week January period in the prior year. Excluding the additional week in January 2007, total sales decreased 3
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