SGB Update Apparel
TomTom Sales Fall 10.8% in First Quarter
Netherlands-based TomTom said its revenues fell 10.8% to €264 million ($395.5mm) in the first quarter, compared to €296 million ($387.8mm) in the same period a year ago. The company said it expects Europe and North American PND markets will grow by more
Cabela’s to Pay Back $173,000 in Local Incentives
A Cabela's store in Buda, TX, must pay back $173,000 in local tax incentives after missing job targets for the third consecutive year, and the outdoors retail chain probably will have to return some money it received from the governor's Texas En
GSIC Could Lose Money from Operations in Fiscal 2008
GSI Commerce Inc. lowered its fiscal 2008 guidance for income from operations to a range of -$1.5 million to $1.5 million, from $3 million to $6 million forecast in mid-February. The e-commerce company said its loss from operations more than tripled to $1
Native Partners with Recreational Boating and Fishing Foundation
Native Eyewear has entered a partnership with the Recreational Boating and Fishing Foundation to help promote the Anglers Legacy “Take the Pledge” program. This program asks avid anglers to take at least one new person fishing each year and share their p
Rawlings Elevates Three Sales Execs
Rawlings recently announced the promotion of three sales and marketing executives and a new HR chief. The changes reflect the new roles that each has taken since Jarden’s acquisition of K2 in the Fall of 2007…
Hibbett Names VP of Merchandising Planning
Hibbett Sports, Inc. promoted three managers to VP positions in the areas of merchandising, legal and real estate. Jeff Gray, a 17-year veteran of Hibbett Sports, was promoted to VP of Real Estate and Michael McAbee to VP of Merchandise Planning…
VF Corp’s Q1 Revenues Climb 10%
VF Corp. reported first quarter revenues rose 10% to $185 billion from $1.67 billion a year ago. Income from continuing operations climbed 11% to a record $149 million, compared with $134.1 million in the prior year's quarter. Earnings per share from
Bally Sold to Reimann Group
TPG Inc. agreed to sell Swiss shoe brand Bally International AG to a new luxury venture formed by Germany's billionaire Reimann family, ending a nine-year investment by the U.S. leveraged buyout firm. The family's Joh A. Benckiser SE, which owns
Shimano Completes Pearl iZumi Purchase
Shimano American Corp. on Monday completed its acquisition of Pearl iZumi from Nautilus for $69.4 million in cash and debt. As a result of the deal, Pearl Izumi will relocate its headquaters to Louisville from Broomfield…
Crocs Shares Plummet on Lowered Guidance…
Crocs had a tough week as it fired a warning shot to Wall Street that it would fail to meet its earlier guidance for both the first quarter and the fiscal year. The Street shot back with the company’s stock closing down 43.1% for the week, closing at $10
Wolverine World Wide Ups Earnings Guidance on Merrell’s Strong Performance…
Continued strong performance by Merrell and – to a lesser extent Patagonia – prompted Wolverine World Wide, Inc. to raise its earnings guidance for 2008. The company now expects 2008 earnings per share in the $1.83 to $1.90 range from the company’s previ
BPA Bottles On The Way Out at REI, Nalgene and in Canada…
As Canadian retailers like Forzani and Canadian Tire moved to yank BPA bottles from their shelves, Nalgene said it will phase out production of such products over the next few months Friday. Nalgene said it will wind down production of its Outdoor line of
Canada’s West 49 Posts Q4 Loss…
West 49 posted a net loss of CA $1.2 million ($1.15 million) in the fourth quarter due to sluggish sales and a CA$3.4 million ($3.1 million) pre-tax goodwill impairment charge. Net sales for the Canadian operator of action sports stores increased 0.8% to
Woolrich Closes Sewing Plant…
Woolrich said it will close its Jersey Shore sewing facility by October of this year. The plant closing will result in the elimination of 49 jobs, primarily in garment assembly. The Jersey Shore sewing plant is the manufacturing plant for garments being s
SIA: Specialty Sales up 6% to 7% through Feb…
SIA research estimates that consumers spent $1.7 billion in total at specialty shops during the August through February period, compared to $574 million at chain stores and $453 million on-line. The figures released last week showed apparel sales by speci
