SGB Update Apparel
SGMA Gauges Interest in Swimming, Basketball
In light of the 2008 Beijing Games, the Sporting Goods Manufacturers Association (SGMA) has conducted and released studies gauging American interest of and participation in two of the country’s most popular activities-swimming and basketball. According to
Aldila Q2 Sales Plummet
Aldila, Inc. reported a significant decline in sales for the second quarter from $17.6 million to $13.6 million, a drop of 23%. The golf company showed a net loss of $523,000, or 10 cents a share, compared to a net income of $1.7 million, or 30 cents, a y
ITC Reaffirms Ruling Against Crocs
Crocs fell short yet again in its ongoing struggle to prevent other companies from importing footwear similar to its own foam designs. In another noteworthy setback for the firm, the U.S. International Trade Commission has reaffirmed an April ruling verif
Outdoor Foundation Names Executive Director
The board of directors of The Outdoor Foundation announced the appointment of Christine Fanning as The Foundation’s new executive director…
DSW Comps Down 6.9%
DSW Inc. reported net sales for the quarter ended August 2, 2008 increased 2.4% to $357.2 million compared with $348.7 million for the quarter ended August 4, 2007. Same store sales decreased 6.9% for the comparable period versus an increase of 5.9% last
Neiman-Marcus Sees July Comps Slip 1.7%
Neiman Marcus, Inc. reported comparable store sales for July decreased 1.7% to $265 million. Overall net sales slipped 0.3% for the month ot $268 million from $269 million last year…
Nordstrom’s Comps Drop 6.1% in July
Nordstrom, Inc. reported sales during July declined 6.7% to $840 million from $901 million a year ago.. Same-store sales decreased 6.1%. Preliminary second quarter sales of $2.29 billion decreased 4.3% compared to sales of $2.39 billion during the same pe
Target’s July Comps Rise 1.2%
Target Corporation reported that its net retail sales for the four weeks ended August 2, increased 4.7% to $4.56 billion from $4.36 billion. On this same basis, July comparable store sales declined 1.2%…
Saks Comps Drop 4% for Q2
Saks Incorporated reported period that for the second quarter ended August 2, 2008, owned sales totaled $663.1 million compared to $687.9 million for the prior year second quarter ended August 4, 2007, a 3.6% decrease…
J.C. Penney’s Comps Drop 6.5%
J.C. Penney reported comparable store sales decreased 6.5% for July, compared with the company’s guidance for sales to decrease mid-single digits. In last year’s July period, comparable store sales increased 12%, largely driven by a calendar shift that mo
Finish Line Extends Sole Destination
The Finish Line, Inc. announced that it will extend its partnership with Soles4Souls, the international charity dedicated to providing free footwear to those in need, and will continue the national shoe trade-in program, “Sole Destination,” at all 697 Fin
Dorel’s Bike Business Jumps on Cannondale Acquisition
Dorel Industries Inc. reported that company-wide net revenues rose 29.3% to $593.7 million from $459.0 million for the same period a year ago. Net income for the second quarter ended June 30 was $31.3 million or 94 cents per diluted share compared to $10.
Deckers Posts 72.8% Q2 Sales Jump, But Teva Write-Down Hurts
Deckers Outdoor Corporation saw company-wide net sales jump 72.8% to $91.1 million versus $52.7 million last year. A write-down of Teva trademarks, however, caused the company to report a net loss of $3.8 million after net income of $2.3 million last year
Boscov’s Files for Bankruptcy
Boscov's Inc., the department-store chain based in Reading, PA, filed for Chapter 11 bankruptcy protection in Wilmington, Delaware, citing decreased consumer spending. The privately-held company will immediately close 10 of its 49 stores. The company
SGMA: Doha Round Meeting Fails
In a statement, the SGMA said that on July 29, after nine days of meetings in Geneva, Switzerland, trade ministers gave up on their efforts to forge a consensus on modalities for the Doha Round agricultural and non-agricultural market access (NAMA) negoti
