SGB Update Footwear
Nordstrom Sees Comp Sales Decline for July, Anniversary Sale
Nordstrom, Inc. reported a 6.9% decrease in same-store sales for July compared with the comp month in fiscal 2008. Full-line same-store sales performance for the first 16 days of the Anniversary Sale, which began Friday, July 17th, declined 6.6% compared
Ross Stores Expects 50% Q2 EPS Jump After 4% July Comp Sales gain
Ross Stores, Inc. reported that rose 4% on top of a 4% gain in the prior year. Sales for the four weeks ended August 1 increased 8% to $538 million from $499 million for the year-ago period…
Macy’s Comps Drop 10.7% in July
Macy’s, Inc.reported total sales of $1.377 billion for the four weeks ended Aug. 1, a decrease of 10.7% compared with total sales of $1.543 billion in the year-ago period. On a same-store basis, Macy’s, Inc. sales also were down 10.7% in July…
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…
Remington Non-Lead Hunting Ammo Receives California Certification
Remington said as of July 12, Premier Copper Solid Rifle, Premier Copper Solid Sabot Slugs and Premier Disintegrator Varmint lines of ammunition have been approved by the California Department of Fish and Game for use in the hunting zones within the range
Crocs Sales Slide 11.3% in Second Quarter
Crocs, Inc. reported Q2 revenue slid 11.3% to $197.7 million from $222.8 million a year ago but exceeded company guidance for the quarter. On a non-GAAP basis, the company’s Q2 2009 net loss after taxes was $5.0 million, or 6 cents a share…
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
JD Sports Aquires Canterbury Europe Limited for £6.5 Million
JD Sports Fashion Plc announced that it has acquired
the key trading assets and trade of Canterbury Europe Limited (in administration) along with the global rights to the rugby brand 'Canterbury' and 'Canterbury of New Zealand'. The b
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
Sportsman’s Warehouse to Emerge from Bankruptcy
Sportsman’s Warehouse, Inc. announced that the U.S. Bankruptcy Court for the District of Delaware has confirmed its Plan of Reorganization sponsored by an affiliate of Seidler Equity Partners, a private equity firm based in Southern California. The compan
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
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
