SGB Update Outdoor
American Skiing Company Appoints New VP — Eastern Lodging
American Skiing Company has appointed Brandon McCarter to the newly created position of Vice President — Eastern Lodging. Most recently, Mr. McCarter was Vice President of Lodging and General Manager of the Grand Summit Resort Hotel at Mount Snow, Vermon
All Eyes on Gander Mountain…
Several top investment firms initiated coverage of Gander Mountain this week, including Piper Jaffray, Bank of America and William Blair & Co. – the firm that floated the outdoor retailer’s IPO. The company received high marks from all analysts, who cited
Cobblestones Names Sales and Marketing Chief
Cobblestones Activewear has named Michael Seegmiller vice president of Sales and Marketing, it was announced by Mark Osborn, general manager. Seegmiller comes to Cobblestone with more than 25 years experience in managing national and key accounts, includi
Retail Execs See Lighter Traffic But More Sales in May…
It looks like the most recent Executive Opinion Survey, a monthly index by the National Retail Federation, was a fair indicator of the health of the retail business in May as retail execs also noted that the prediction of a negative impact of higher gas p
Forzani Sees Continued Challenges in Canadian Sporting Goods Market…
Forzani started the year off on shaky ground on the sales front, thanks in large part to heavy price competition and a declining sporting goods market north of the border, but shook off the tougher market and posted a 38% increase in net income for the pe
OR Summer Market is Sold Out
Outdoor Retailer has announced that exhibiting space for the 2004 Summer Market to be held at the Salt Palace Convention Center in Salt Lake City, Utah, has officially sold out, with a waiting list of over 120 outdoor-related companies. The total number o
Target Corp May Comps Again Hurt by Mervyn’s Declines
Target Corporation reported that its net retail sales for the four weeks ended May 29, 2004 increased 10.6% to $3.544 billion from $3.203 billion for the four-week period ended May 31, 2003. Comparable-store sales increased 4.6% from fiscal May 2003. Tar
G-III Q1 Loss Widens on 11.8% Drop in Sales
G-III Apparel Group reported first quarter net sales of $16.5 million and a net loss of $4.8 million, or 68 cents per share, compared to net sales of $18.7 million and a net loss of $2.6 million, or 38 cents per share, during the comparable period last ye
Kellwood Q1 Earnings Up 19% on Phatter Sales
Kellwood Company reported that sales for the first quarter ended May 1, 2004 increased $14 million to $686 million, versus $672 million last year due to a combination of organic growth of $5 million, or approximately one percent, and the acquisition of Ph
Nike Board Member Resigns Position
Dr. A. Michael Spence has resigned from the Nike Board of Directors effective May 31, 2004. Dr. Spence, 60, cited a desire to spend more time on his business and personal interests as the reason for his resignation. Dr. Spence joined Nike's board in
May Retail Comps Mostly Surprise and Delight…
While May retail sales results were tough to read as a trend and did not offer up any solid consensus on the health of retail, the reports issued last week by dozens of public companies did appear to re-affirm the feeling that the U.S. retail economy is i
The Finish Line Answers Critic with Q1 Performance…
The Finish Line left little doubt as to its current trend which appears to be onward and upward, at least in the footwear category. The mall specialty retailer saw May comp store sales jump 16%, with footwear posting a 20% increase and apparel a 2% decli
The Buckle May Comps Climb 8.3%
The Buckle's sales for the four-week period ended May 29, 2004 increased 14.9% to $27.3 million from sales of $23.8 million in the corresponding four-week period ended May 31, 2003. Comparable store sales increased 8.3% from the prior year. Net sale
Goody’s May Comps Inch Up 1.3%
Goody's total sales were $99.4 million for the fiscal month of May 2004, an increase of 3.5% over total sales of $96.0 million for the fiscal month of May 2003. Comparable store sales for May 2004 increased 1.3% over May 2003. Total sales for the fir
Shoe Carnival Posts 0.5% Comp Sales Gain for May
Shoe Carnival reported sales for the four-week period ended May 29, 2004 increased 8.8% to $43.1 million from sales of $39.6 million for the four-week period ended May 31, 2003. Comparable store sales increased 0.5% in May 2004. Sales for the first four m
