SGB Update Outdoor
Airwalk Parent Inks Licensing Deal Down Under…
Collective Licensing International, LLC, owner of the Airwalk brand, has entered into a Master Licensing Agreement with Brand Direct to license the Airwalk brand. Brand Direct International Pty. Ltd. will be responsible for all Airwalk branded product in
Gander Mountain Looks for Good Mo’ Moving into Back Half of Year…
Gander Mountain saw the elimination of most of its vendor proof-of-performance rebates impact second quarter earnings to the tune of $1.5 million this year, resulting in a 6.3% increase in the net loss for the period when measured on a pro forma basis. On
Forzani Group Adds Two New Brands to Portfolio…
The Forzani group has signed a letter of intent to acquire the Canadian business of Nevada Bob’s International including trade marks and licensing agreements, contingent upon due diligence, legalities, and regulatory approval…
Famous Footwear Sees Athletic Segment Growing; Has Tough Q2…
Famous Footwear was the only division at Brown Shoe Company that did not post a revenue decline in the second quarter, but a shift in tax-free holiday weekends in some states and a later Back-to-School period conspired to push comp store sales lower. Whi
Bob’s Falls Short of TJX Q2 Plan…
TJX, parent of the TJ Maxx and Marshall’s discount chains, among others, is still clearly in the learning phase with the Bob’s Stores chain they acquired in December 2003. Their merchants are attempting to find the right formula for the stores that will
Hibbett Sporting Goods Moves to Clear Q2 Inventories; Bottom Line Hurt…
At appears that Atkins dieters are cutting back on exercise as well as they embrace the low carb in an effort to lose weight rapidly. Hibbett Sporting Goods raised that issue as one potential reason for the slow down in Exercise Equipment sales they saw
Notes From the Open Air Demo…
The Summer Market’s Open Air Demo was a resounding success for most of the vendors BOSS spoke with. The lake at Little Dell Reservoir was crowded with canoes, kayaks, wind-surfers, and even sailboats. The two largest booths, Thule and Watermark, were draw
Gander Mountain Looks for Momentum Moving into Back Half of Year…
Gander Mountain saw the elimination of most of its vendor proof-of-performance rebates impact second quarter earnings to the tune of $1.5 million this year, resulting in a 6.3% increase in the net loss for the period when measured on a pro forma basis. On
Dick’s Moving Fast on Galyans Integration; Raises Guidance…
Dick's Sporting Goods does not appear to be as affected by the licensed apparel or fitness equipment issues that have caused other sporting goods retailers to reduce their expectations for the second quarter. That fact, coupled with the retailer’s i
Accell Group Acquires Bremshey out of Bankruptcy
Tunturi, a subsidiary of Accell Group NV, has launched its own organisation for the sale and distribution of fitness equipment in Germany. Accell decided to take this step partly due to the fact that the current distributor in Germany, Bremshey, was in fi
Polartec Apex Awards Announced
Malden Mills announces the Polartec APEX Design Award winners for 2004. This award goes to the best-of-the-best Polartec based garments that will be available to consumers Fall 2004. Winners are selected based on the style, function, and fit of the garmen
VF Names New Nautica CEO
VF Corporation has named Denise V. Seegal as President and Chief Executive Officer of its Nautica division. She will assume the position held since August 2003 by Nautica founder, David Chu, who is leaving to pursue other interests.
Genesco Swings to Q2 Profit; Raise Full Year Guidance
Genesco Inc. reported net earnings of $4.8 million, or 21 cents per diluted share, for the second quarter ended July 31, 2004, compared to a net loss of $891,000, or 4 cents per diluted share, for the second quarter last year. Net sales for Q2 increased
Hibbett Q2 Net Down 6.4% on Higher Markdowns
Hibbett Sporting Goods reported that net sales for second quarter ended July 31, 2004 increased 14.1% to $81.8 million compared with $71.7 million for the year-ago period. Comparable store sales increased 2.5% in the quarter. Net income declined 6.4% to
Foot Locker Income Jumps 121% on Tax Benefit
Foot Locker reported net income for the second quarter increased 121% to 53 cents per share, or $82 million, compared with 24 cents per share, or $36 million in Q2 last year. Sales increased 12.9% to $1.27 billion compared with sales of $1.12 billion in t
