SGB Update Footwear
Nordstrom June Comps Increase 2%
Nordstrom, Inc. reported preliminary sales of $851.1 million for the five-week period ending July 7, 2007, an increase of 2.9% compared to sales of $827.0 million for the five-week period ending July 1, 2006. Same-store sales increased 2.0%…
Stein Mart Comps Fall 2.9% in June
Stein Mart, Inc. reported total sales and comparable store sales for the fiscal period(s) ended July 7, 2007. Overall company sales fell 4.9% in June to $127.4 million. Comparable store sales decreased 2.9% for the month…
Spalding Names New Marketing Manager
Spalding has appointed Wendy Unger-Moore as marketing manager. Unger-Moore will be responsible for all marketing related activities as they pertain to the National Basketball Association (NBA), the Women’s National Basketball Association (WNBA) and the Na
Ross Stores Posts 4% Comp Gain
Ross Stores, Inc. reported sales of $545 million for the five weeks ended July 7, 2007, an 11% increase over the $490 million in sales for the five weeks ended July 8, 2006. Same store sales grew 4%…
TJX’s Comps Grow 5%
The TJX Companies, Inc. reported consolidated comparable store sales increased 5% for the five-week period ended July 7. Total sales were up 9% to $1.7 billion from $1.5 billion…
GSI Commerce Partners with Nautica/Kipling
GSI Commerce Inc. announced that it has signed a multiyear agreement with a subsidiary of VF Corporation for the Nautica and Kipling apparel brands. GSI will provide both the Nautica and Kipling brands with technology, customer care, order processing and
Sports Direct buys U.K. Outdoor Retailer, Field and Trek
Sports Direct has acquired a 60% interest in U.K. outdoor clothing and equipment retailer Field & Trek for £5 million (U.S. $10 million.) The U.K. sporting goods chain also has an option to acquire the remaining 40% in the next five years for a further
Wolverine Increases Guidance on Strong Q2 Results
Wolverine World Wide, Inc. second quarter 2007 revenue totaled $250.3 million, a 5.0% increase over second quarter 2006 revenue of $238.5 million. Earnings per share for the second quarter of 2007 were 28 cents compared to the 25 cents reported for the se
Kellwood Completes Royal Robbins Acquisition
Kellwood Company has completed the purchase of Royal Robbins, Inc., according to Robert C. Skinner, Jr., Kellwood chairman, president and chief executive officer. Royal Robbins will operate as part of Kellwood's American Recreation Products division.
Sochi, Russia Chosen to Host 2014 Winter Olympics
The International Olympic Committee (IOC) named Sochi, Russia as the host city of the XXII Olympic Winter Games in 2014 during its 119th Session in Guatemala City. Sochi beat PyeongChang in the final round of voting by 51 votes to 47…
Hidary Says Everlast Violated Merger Pact
Hidary Group said Everlast Worldwide Inc. violated their merger pact by accepting a new takeover bid from a UK sporting goods retailer, Sports Direct. Hidary said it was continuing to explore all options, including legal and equitable remedies, regarding
Under Armour Launches TV Ads Aimed at Team Girls
In its new “Boom Boom TAP” campaign, Under Armour plans to target the “team girl” segment for the first time in a TV campaign. Like its “Click Clack” campaign, which mimics the noise of football cleats on pavement, “Boom Boom TAP” evokes the noise made by
Stracka Design Acquires Golf Putting Patents
The Stracka Design Company, based in Houston, has acquired two patents that will ensure exclusivity for The Stracka Line. The company said the Stracka Line is a style of golf yardage book that will give highly accurate information for reading a putt line
Timberland Continues to Struggle with Urban Biz…
With slow sales and eroding margins, Timberland delivered another disappointing quarter with every consumer segment except Timberland PRO showing top-line declines. In currency-neutral terms, sales declined 7% world wide. By product category, footwear rev
West Marine Cuts Guidance
West Marine, Inc. lowered its earnings and sales outlook for 2007, citing softness in the market. The boat supplies retailer now expects full year earnings in the range of 24 cents to 34 cents per share, down from its previous range of 45 cents to 55 cent
