SGB Update Footwear
Foot Locker, Inc. Takes its Lumps in Q4 and Gears Up for Improved 2008 Comps…
Foot Locker, Inc. suggested that the 2007 Holiday season was one of the most difficult retailing periods in the U.S. in many years, but the world’s-largest-athletic-specialty-retailer saw the trend early and aggressively liquidated inventories to end the
Genesco Inc. Sees Fourth Quarter Results Take a Turn for the Worse…
Genesco Inc. is looking forward to putting the failed merger with The Finish Line behind them and fully concentrating on their business that has struggled for the last few quarters. The good news is that their three sport- or lifestyle-oriented businesse
A Look Inside the GSCO/FINL Settlement…
At the beginning of its quarterly conference call with analysts, Genesco chairman and CEO Hal Pennington provided an overview of the details of the settlement with The Finish Line and UBS. While the settlement calls for GCO to receive a cash payment of $
Fila Completes EMEA Deal…
Fila completed the sale of the subsidiaries comprising Fila's European, Middle East, African and Indian businesses (EMEA) to the European based management team. It also entered into a long-term license for the Fila brand in the EMEA region…
Outdoor Channel’s Losses Narrow on Lower Revenue
Outdoor Channel Holdings, Inc. said it narrowed its operating losses on less revenue in the fourth quarter as its ad sales rose while subscription fees declined. The company said advertising revenue rose 12.3 percent to $8.2 million for the fourth quarter
Crocs Repeats: We Don’t Sell to Costco…
Crocs, Inc. reiterated that it is not selling, never has sold and does not plan to sell its Crocs branded merchandise to Costco Wholesale Corp. But, such emphatic statements do not mean Costco can’t sell Crocs. The retailer said Wednesday that its access
Hanesbrands to Submit to Social Compliance Audits
Hanesbrands Inc. has joined the Fair Labor Association and will undergo the FLA’s two-year implementation process for accreditation of the company’s global social compliance program. The FLA conducts unannounced independent external monitoring audits of a
From Containers to Resins, Jarden is Saving at K2…
Jarden Corp. is on track to cut $29 million in costs in 2008 thanks largely to cost savings it has identified at K2. That cost cutting, moreover, may even bring assembly or manufacturing jobs back to Mexico or the United States…
PacSun Continues to Climb Back, Zumiez Posts First Comp Decline Since IPO…
Pacific Sunwear of California, Inc. saw a 7% increase in net sales for the fiscal month of February to $77.6 million from $72.5 million during the same period last year. At the PacSun concept, same-store sales increased 6% during the same period. Also res
Collective Extends Licensing Agreement With Royer
Collective Licensing International, LLC renewed licensing agreement with, France-based, Royer for the Airwalk brand. Royer will continue to hold the Master License for the Airwalk brand throughout Continental Europe through 2012…
West Marine Postpones Q4 Earnings Release
West Marine, Inc. delayed its fourth quarter earnings release so management could have more time to analyze current and historical expense accruals. The company said it would release its fourth quarter and fiscal year 2007 earnings and 2008 earnings guida
Fila Announces New Agreement for EMEA Region
Fila said it completed the sale of the subsidiaries comprising Fila's European, Middle East, African and Indian businesses to the European based management team and has entered into a long-term license for the Fila brand in the EMEA region. The manag
Famous Footwear Fourth Quarter Profits Fall…
Hurt by lower sales and a highly promotional climate, Famous Footwear's fourth quarter operating earnings fell 40% to $13.4 million from $22.5 million a year ago. On a conference call with analysts, Joe Wood, president, Brown Shoe Retail, noted that
Timberland Increases Stock Buyback Program
The Timberland Co. announced that its Board of Directors has authorized the repurchase of up to an additional six million shares of the company's Class A Common Stock. This additional program supplements the company's current six million share a
Jarden Sees Savings at K2…
Jarden Corp. is on track to cut $29 million in costs in 2008 thanks largely to cost savings it has identified at K2. That cost cutting, moreover, may even bring assembly or manufacturing jobs back to Mexico or the United States. The company cut $12 millio
