SGB Update Apparel
Retail Ventures Comps Tumble 7.3%
Retail Ventures, Inc. reported October sales reached $787.8 million, basically flat against $787.6 million a year ago. Same store sales decreased 7.3% for the thirteen week period.
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Sports Direct Sells Amer Stake
Sports Direct, the UK retailer controlled by Mike Ashley, sold its entire stake in Amer Sports for €166.6m ($242 million). Sports Direct said in a statement, “The proceeds of sale will reduce group borrowings.”…
DSW Third Quarter Comps Slip 3.0%
DSW Inc. reported net sales for the thirteen-week quarter ended November 3 increased 11% to $367.4 million compared with $332.2 million for the year-ago period ended October 28, 2006. Same-store sales decreased 3.0% for the comparable thirteen-week perio
New Balance Donates $3 Million to New England Aquarium
The New England Aquarium has received a $3 million gift from the New Balance Foundation to help build the New Balance Foundation Marine Mammal Center and to develop innovative programs using seals and sea lions to promote childhood fitness…
Iconix Eyes Wal-Mart Expansion; Licensing Revenues More Than Double in Q3…
Iconix Brand Group officials said they've been working closely with a new team of merchants at Wal-Mart to expand the Danskin Now business, and are pleased with the progress…
Nautilus, Inc. Adopts Shareholder Rights Plan
Nautilus Inc. said its board adopted a shareholder rights plan, a provision that would make hostile takeovers difficult. An acquisition of 20% or more of its outstanding shares without the board's approval would trigger the rights plan…
Crocs, Inc. Shares Plunge Despite Strong Quarter…
Crocs, Inc. saw yet another quarter of triple-digit sales and earnings growth, but the company’s stock price fell more than 31% for the week following their earnings release, due primarily to lower-than-expected guidance for 2008…
Cabela’s, Inc. Third Quarter Earnings Slip on Pre-Opening Expenses…
Cabela’s was again able to post strength in the top-line for the third quarter with gains in net sales and comps, but the bottom-line suffered due to some shifts in mix and two under-performing retail stores…
Luxottica Sees Sunglass Hut Drive Growth in N.A…
Luxottica Group management shed some light on the thinking behind their $2.1 billion deal to buy California sports optics maker Oakley Inc., pointing out in a conference call with analysts that North American sales of premium sunglasses were a bright spo
SIA Moves Trade Show to Denver for 2010…
SnowSports Industries America (SIA) will move its annual trade show to Denver from Las Vegas starting in January 2010. SIA has signed an agreement to hold the event in Denver for ten years. Speaking to BOSS , Bob Gundram, who is chairman of SIA's tr
Garmin Reports 24% Rise in Fitness/Outdoor Sales
Garmin Ltd. said its outdoor/fitness sales grew 24% to $88 million in the third quarter and that retail orders indicated holiday sales of personal navigation devices, or PNDs, would be strong. Outdoor/fitness was the second largest and third fastest grow
Rocawear Signs First Fragrance License
Rocawear, which was acquired by Iconix Brand Group in March 2007, has signed its first license agreement for fragrance with Elizabeth Arden, Inc. A debut fragrance is planned to launch in the fall of 2008. Financial terms were not disclosed…
Broder Bros. New Distribution Center Up and Running
Broder Bros., Co., continued its distribution center expansion program by opening a new 415,000 square foot facility in Lewisberry, PA., less than 10 miles from Harrisburg…
Poulos Joins Prince as Global Category Director for Footwear
Prince Sports, Inc. has hired former Nike and Adidas executive George Poulos as the company’s new Global Category Director in charge of footwear. In his new role, Poulos will be responsible for refining and managing Prince’s implementation of the company’
UA’s Kevin Plank Sells Stock
Under Armour, Inc. announced that Kevin Plank, chairman and CEO of Under Armour, filed a Form 4 with the SEC to report the sale of 1.5 million shares of stock, or about 10% of his holdings. The filing that on November 1, Plank and his family foundation an
