SGB Update Footwear
Bob’s Stores Q2 Sales and Comps Jump 10%
The TJX Companies, Inc. reported second quarter net sales from continuing increased 9% to $4.3 billion, and consolidated comparable store sales increased 5% over last year. Income from continuing operations for the second quarter was $59 million, and dilu
Hibbett Cuts Guidance Due to Weak Consumer Environment
Hibbett Sports, Inc. expects to report a fiscal second quarter comparable store sales increase of 2.6% on a fiscal basis compared with last year and a decrease of 5.6% on a comparable store, comparable week basis. Earnings per diluted share for the fiscal
Nike Promotes Two Apparel VP’s
Nike, Inc. promoted Mary Kate Buckley and Jill Stanton to new leadership positions heading the Nike brand's two largest regional apparel businesses, representing approximately 76% of Nike's almost $4.6 billion in global apparel revenues. Mary Ka
Sporting Goods Outpace General Market in July; Canvas, LFA Drive Footwear Sales…
July kept with the flow of the past couple months at retail as comparable store sales grew in the low-singles for the third month running, this time slightly ahead of the pace. Same store sales grew 2.6% for the month of July, based on a preliminary tally
Amer Sports Sees EMEA as Only Q2 Bright Spot…
Amer Sports relied on Electronics to pull through the second quarter, but softness in Winter Sports equipment as well in Golf and Team Sports more than offset those gains. Overall sales declined in the mid-singles, but the implementation of expense contr
Warnaco Takes a Hit from Weaker Swimwear Business…
Warnaco Inc. reported that its Swimwear division posted an 11.8% decline in revenues for the second quarter, tallying $111.8 million in sales versus $126.7 million in the year-ago period. Speedo brand sales were down 9.7% to $70.3 million for the period
Jarden Closes on K2 Acquisition…
Jarden Corporation completed its acquisition of K2 Inc. The transaction is valued at approximately $1.2 billion, including the assumption or repayment of indebtedness. Under the terms of the agreement, K2 shareholders received 0.1118 of a share of Jarden
Golfsmith Swings to Q2 Profit Despite Comp Dip…
Golfsmith International Holdings, Inc. saw second quarter net revenues increase 9.6% to $125.0 million from $114.1 million for the second quarter of fiscal 2006. Sales through the company’s stores increased 14.1% to $96.8 million from $84.9 in the year-ag
Adams Golf Sees 18% Q2 Sales Increase
Adams Golf reported net sales of $30.4 million for the second quarter compared to $25.7 million a year ago, a gain of 18%. Sales in the U.S. increased 20.5% to $24.5 million from $20.4 million in the year-ago period. International sales could not match th
Iconix Q2 Revenue Jump113%…
Iconix Brand Group's recent slew of acquisitions is quickly paying dividends as licensing revenues were well up for the second quarter. For the quarter, licensing revenue catapulted 113% to $39.1 million from $18.4 million a year ago…
Puma AG Sees U.S. Weakness Cut into Gains in Other Regions in Q2…
Puma AG was able to overcome a tough anniversary in Europe in the second quarter as the company exceeded the strong numbers from a year ago driven in large part by the 2006 FIFA World Cup, but the company was not so fortunate in the U.S. market, which tum
Prince Swaps PE Investors
Four years after acquiring Prince, Inc. from the Benetton Group, the Prince management team has swapped out investment partners, replacing Lincolnshire Equity Fund II LP with Nautic Partners, LLC. Based in Providence, Rhode Island, Nautic Partners is a pr
The Athlete’s Foot Parent Posts Sequential Sales Gains
NexCen Brands, Inc. reported that total revenues for the second quarter sequentially increased to $8.9 million, compared to $3.9 million in the first quarter of 2007. The company reported a net loss of ($245,000) or a penny per diluted share for the quart
Head Q2 Winter Sports Gains Not Enough to Offset Racquet Softness
Head N.V. saw sales decrease 3.4% for the second quarter to €61.6 million ($83.1 mm). The company posted a net loss for the period of €6.5 million ($8.8 mm), growing 38.3% from a €4.7 million ($5.9 mm) loss in Q2 2006. Winter Sports revenues for the quart
TJX’s July Comps Rise 5%; Ups Q2 Outlook
The TJX Cos' sales for the four weeks ended August 4 were $1.3 billion, up 8% over the $1.2 billion achieved the prior year. Comparable store sales gained 5%…
