SGB Update Footwear
Crocs Lays Off 75
Crocs Inc. laid off 75 U.S. operations employees on Thursday, a move that Crocs spokeswoman Tia Matteson said was a “larger part of our efforts to reduce overall spending,” according to Boulder’s Daily Camera….
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%…
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
Grammici Taps ROI for Canadian Distribution
Gramicci is expanding distribution of its outdoor lifestyle apparel brand with the signing of Canadian distributor Recreation Outfitters Inc. (ROI)…
Grabber and RopeLok Partner
Grabber has inked an exclusive distribution partnership with RopeLok, the manufacturer of the No Knot RopeLok, a tie-down product with lever locking technology that eliminates the need for tying knots…
Iconix Reports Record Q2 Earnings
Iconix Brand Group reported a revenue of $51.7 million for the second fiscal quarter of 2008, a 32% increase from revenue results reported for the same quarter a year ago, earnings before interest, taxes, depreciation and amortization for the second quart
Modell’s Expands with New Stores in NJ and PA
Modell's Sporting Goods, the family-owned and operated retailer of sporting goods, sporting apparel, menswear and athletic footwear, has added two new stores to its northeast chain in New Jersey and Pennsylvania…
The North Face to Open Atlanta Store
The North Face plans to open its Atlanta store on Aug. 15. The 6,000-square-foot store in Buckhead is the company's 22nd retail location. It incorporates The North Face updated retail design, which features oversized graphics, concrete floors, wood a
New Tecnica Exec Will Target Outdoor Retailers in U.S.
Tecnica has hired the former CEO of Salomon Group to bolster its footwear business in the United States in what the Italian company described as the second step of a three-year strategic plan. Jean-Luc Diard, 50, will lead the effort as SVP for business d
