NRF asked President Bush to reject a tax reform panel’s recommendation that would end the corporate tax deduction for imported goods, saying the move could cost consumers more than $200 billion. Bush was informed in a letter that $648 billion in general m
Tag: Trade
Two Men Indicted for Theft of 5,000 Nike Shoes
Two men from Kansas City, Kansas have been indicted by a grand jury in a case involving a truckload of 5,000 stolen Nike athletic shoes. Darrell Lawson, 49, and James Peoples, 42, are charged with one count of conspiring together to possess stolen goods t
British Retail Weakness Takes its Toll on JJB Sports…
JJB Sports, one of the U.K.’s largest sports retailers, announced its interim results for the 26 weeks to July 31, 2005. Revenue dropped 6.2% to £340.4 million ($637.6 mm) while operating profit fell 35.8% to £17.6 million ($33.0 mm). Same store sales wer
Huffy Corp. Emerges from Chapter 11…
Huffy Corporation has emerged from the Chapter 11 reorganization process after almost 11 months under the court’s protection. The company officially concluded the reorganization process after completing all required actions and satisfying all remaining co
Cabela’s Receives $5.5 Million from Pennsylvania
Governor Edward G. Rendell announced the investment of $5.5 million to support the expansion of Cabela's retail store in Berks County, a project that will result in 850 new jobs. Governor Rendell also presented the first funding ever awarded through
Nike Taps Alpargatas for Shoe Manufacturing
Argentinian textile manufacturer, Alpargatas, was selected by Nike, Inc. to produce shoes at its plants in Catamarca and Tucumán. Details of the deal were not disclosed…
Cloudveil Hires Two New Rep Groups
Cloudveil hired two sales representative agencies Pemba Services Inc., of Madison, Wisconsin for the Central region and San Miguel Mountain and River Products Inc., of Steamboat Springs, Colorado for the Rocky Mountain region…
SGAA Highlights Annual Award Recipients
The Sporting Goods Agents Association Annual Meeting will be held on the opening day of the Super Show in January 2006. Tim Maloney, Tim Maloney Sales Inc., will be inducted into The SGAA Hall of Fame. Tom Rogge, president of Cramer Products Inc., will
Federated Sept. Comps Up 1.3%
Federated Department Stores, Inc. reported total sales of $2.580 billion for fiscal September, an increase of 89.6% when compared to total sales of $1.361 billion in the same period last year. On a same-store basis, Federated's September sales were u
Wal-Mart Same Store Sales Rise3.8% for September
Wal-Mart Stores, Inc. reported that total company net sales for fiscal September were $28.2 billion, up 9.7% from $25.7 last year. Total company comparable store sales 3.8%…
Wolverine Third Quarter Sales Climb 7%; Increases Full-Year Guidance
Wolverine World Wide third quarter 2005 revenue totaled $279.1 million, a 7.0% increase over third quarter 2004 revenue of $260.9 million. Earnings per share for the third quarter of 2005 were 42 cents compared to 37 cents reported for the third quarter o
NRF: Port Congestion Low Across Nation in October
Despite the recent plague of hurricanes, congestion levels are low and cargo is flowing smoothly at the nation’s major retail container ports as merchants move into the peak shipping cycle for the annual holiday sales season, according to the October Port
Sara Lee In Talks To Sell European Apparel Biz
Sara Lee Corporation announced that it has entered into an exclusive negotiation period with an affiliate of Sun Capital Partners, Inc. regarding the sale of its branded apparel business in Europe. As the parties further their discussions, Sara Lee will c
Gander Expands Credit Facility by $50 Million
Gander Mountain Company announced that it has expanded its credit facility with Fleet Retail Group, LLC, a Bank of America company. The facility was increased from $225 million to $275 million as permitted under the terms of the agreement, which was signe
Federated to Convert Marshall Fields to Macy’s; Sees Seven Regions…
Federated Department Stores will further expand the use of the Macy’s and Bloomingdale’s nameplates as it moves to integrate the stores recently acquired through its merger with May Company that was completed on August 30. The giant department store reta
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