SGB Update Apparel
GSI Commerce to Offer 1.8 Million Shares of Common Stock
GSI Commerce Inc. announced a registered public offering of 1,811,150 shares of common stock to be sold by the company and 8,188,850 shares of common stock to be sold by selling stockholders…
Nordstrom Reports July Comps Slide 6.9%
Nordstrom, Inc. reported a decrease in same-store sales for July of 6.9% compared with the same period in fiscal 2008. Preliminary total retail sales were $806 million for the four-week period ended August 1, 2009, a decrease of 4.1 percent compared with
Target July Comps Fall 6.5%
Target Corporation sales for the four weeks ended August 1, 2009 were $4.42 billion, a decrease of 3.2% from $4.57 billion for the four weeks ended August 2, 2008. On this same basis, July comparable-store sales decreased 6.5%…
Escalade Sees 20% Drop in Sporting Goods Sales in ’09
Escalade Inc. reported that its Sporting Goods division's net sales declined 19.8% and 16.6% in the second quarter and first half of fiscal 2009 respectively. The company expects Sporting Goods sales to be approximately 20% lower in 2009 compared to
Neiman Marcus Comps Drop 27.3% in July
Neiman Marcus, Inc. announced the preliminary company-wide revenues for July 2009. The Company’s fiscal year 2008 ended on August 2, 2008, which included a fifty-third week…
Report: Governor Signs One-Gun-A-Month Bill
Governor Jon Corzine (D-NJ) signed Assembly Bill 339/Senate Bill 1774 into law on Thursday, according to a release by the National Rifle Association.
JD Sports Acquires Canterbury Rugby Brand
JD Sports Fashion Plc, the U.K. chain, said it acquired the rugby brand Canterbury for £6.5 million ($11mm)…
Small Outdoor Business Owners Pessimistic About Economic Recovery
In a survey released today by Outdoor Industry Association (OIA), small businesses reported their revenue expectations for 2009 continue to fall and employment indicators continue to decline. Bottom line: Outdoor businesses have a more negative view abo
U.S. Ski and Snowboard Team Foundation Names Silcock to its Board of Trustees
The U.S. Ski and Snowboard Team Foundation has named noted Dallas skier and financial leader Julie Silcock to its Board of Trustees. Silcock, who has 25 years of investment banking experience in the Southwest, is presently co-head of Southwest investment
Big 5’s Earnings Surge on Lower Costs, Comps Up 0.3%
Big 5 Sporting Goods Corp. reported sales for the second quarter rose 3.3% to $216 million from $209 million a year ago. Comps nudged up 0.3%. Net income climbed 176.5% to $4.7 million, or 22 cents a share, from $1.7 million, or 8 cents a year ago. Exclu
i.e. Distribution Reaches Footwear Licensing Agreement for DADA
i.e. distribution reached a license agreement to produce and distribute DADA Footwear and DADA Supreme Footwear for North America. i.e. distribution is the world wide distributor and owner of World Industries, a 21 year old skateboard, footwear and access
Quiksilver Consolidates European Debt Obligations
Quiksilver, Inc. entered into an agreement with its European banking partners to consolidate its European debt obligations, including previously uncommitted lines of credit, into a new committed 4-year facility consisting of €170 million ($243.9mm) in ter
Converse Nears $1 Billion Mark; Other Nike 10-K Notes
Converse widened its gap over the other brands in the Nike, Inc. subsidiary portfolio for the fiscal year ended May 31 and looks to be poised to reach the billion dollar mark in the current year. Converse posted a 12.6% increase in revenues for the fisca
Under Armour Beats Street Expectations in Q2, but Look Ahead Concerns Some
Under Armour, Inc. beat street expectations for the second quarter and provided full-year guidance that exceeds the estimates of analysts, but acknowledgement that the business growth will slow in the second half and moves to increase reserves to sell off
Golfsmith Q2 Promotions Fall Short of Mission
Golfsmith International Holdings, Inc. net income fell in the second quarter of 2009 as increased promotional activity failed to drive consumer spending as much the retailer expected. Second quarter revenues slid 11.7% to $114.8 million from $130.0 milli
