SGB Update Footwear

Softgoods Drive Mid-Teens Q1 Sales Growth for ASICS

ASICS Corp. reported that net sales increased 14.9% to ¥65.32 billion ($625.8 mm) for the first quarter ended June 30, up from ¥56.84 billion ($471.2 mm) a year earlier. Net income jumped 22.6% to ¥7.57 billion ($72.6 mm) from ¥6.18 billion ($51.2 mm) las

SGMA Gauges Interest in Swimming, Basketball

In light of the 2008 Beijing Games, the Sporting Goods Manufacturers Association (SGMA) has conducted and released studies gauging American interest of and participation in two of the country’s most popular activities-swimming and basketball…

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

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…