SGB Update Footwear

The Finish Line Lowers Guidance on Weak Q3

The Finish Line, Inc. reported a small loss of $107,000, or less than 1 cent a share, in its third quarter ended Dec. 1. Comps were up 3.6 percent but came in below plan due primarily to a shift in athletic footwear trends and a less than favorable consum

Quiksilver’s McKnight to be Succeeded by Disney Exec

Robert B. McKnight Jr. will step down as CEO of Quiksilver Inc., replaced by former Disney and Nike executive Andy Mooney, according to a Wall Street Journal report. The management change will be effective Jan. 11. McKnight will become executive chairman.

NEMO Equipment Adds Sales Manager, Accountant and Rep

NEMO Equipment, Inc. has added a North American sales manager and staff accountant to its in-house team, along with a new outside sales rep for the mid-Atlantic region. The outdoor gear maker reports bookings are up 50 percent for Spring 2013…

Costco Reports U.S. Comps Rose 8 percent in December

Costco Wholesale Corporation reported comp store sales for the five weeks ended Dec. 30, 2012 grew 8 percent in the United States, excluding fuel sales, from the year earlier period. The inclusion of an extra day compared to last year, due to the timing o

Stradalli Cycle’s New Board of Advisors Convene

Stradalli Cycle, the high performance carbon bicycle manufacturer, has held the first meeting of its new eight member advisory board, which is made up of cycling coaches, champion racers and manufacturing leaders…

Target’s December Comps Flat, Slightly Below Plan

Target Corporation reported that its net retail sales for the five weeks ended Dec. 29, were $10.2 billion, an increase of 0.8 percent from $10.14 billion a year ago. On this same basis, December comparable-store sales were essentially flat…

Macy’s Same-Store Sales Up 4.1 percent in December

Macy’s, Inc. reported total sales of $5.1 billion for the five weeks ended Dec. 29, 2012, an increase of 3.6 percent compared with total sales of $4.92 billion in the five weeks ended Dec. 31, 2011. On a same-store basis, Macy’s, Inc. sales we

Nordstrom Grows Same-Store Sales 8.6 Percent in December

Nordstrom, Inc. reported an 8.6 percent increase in same-store sales for the five-week period ended Dec. 29, 2012 compared with the five-week period ended Dec. 31, 2011. Preliminary total retail sales of $1.72 billion for December 2012 increased 9.4 perce