J.C. Penney’s Comps Dip 1.9 Percent
J. C. Penney Company, Inc. reported that its comparable store sales for the four-week period ended Aug. 27, 2011, decreased 1.9 percent compared to a 2.3 percent increase in the same period last year. As expected, the Back-to-School selling season started
TJX’s August Comps Inch Up 1 Percent
The TJX Companies, Inc. reported sales for the four-week period ended Aug. 27 were $1.72 billion, up 4 percent over the $1.65 billion achieved during the four-week period ended August 28, 2010…
Ross Stores Reports August Comps Rise 4 Percent%
Ross Stores, Inc. reported that sales increased 8 percent to $659 million for the four weeks ended Aug. 27, 2011, up from $608 million in sales for the four weeks ended Aug. 28, 2010. Comparable store sales for the month grew 4 percent on top of a 5 perce
Treasury Delivers Capital to 50 More Community Banks
The U.S. Department of the Treasury announced that an additional 50 community banks across the country received a total of $767 million as part of the next wave of funding provided through the Small Business Lending Fund (SBLF). The SBLF encourages commun
Kantar Retail: August Comps Steady Despite Irene
Retail same-store sales held steady with a 4.9% gain in August as retailers reported mostly solid back-to-school results at the same time sales were hurt by the impact of Hurricane Irene and weaker spending plans by shoppers, according to Kantar Retail…
La Sportiva Completes Warehouse Expansion
La Sportiva N.A. has completed its newly expanded distribution warehouse space in Boulder, CO…
Quiksilver Returns to Double-Digit Growth
Quiksilver Inc. reported revenues grew 14 percent in its third quarter, to $503 million from $441.5 million in the third quarter of fiscal 2010. Pro-forma income from continuing operations was $10.4 million, or 6 cents per share, compared to $12.5 million
Ibex Outdoor Clothing Names West Coast Reps
Officials from Ibex Outdoor Clothing hired Tom Caldwell and Marisa Klein of Great Pacific Sales as the company’s new West Coast sales reps covering California, Arizona, Nevada, and Hawaii…
RECALL: 20,000 Petzl GRIGRI 2 Belay Devices
Petzl America is voluntarily recalling about 18,000 GRIGRI 2 belay devices in the United States and 2,000 in Canada after customers noticed that excessive force on the handle can cause it to become stuck in the open position. No injuries have been reporte
Jack Wolfskin to Reenter Canadian Market Next Spring
Jack Wolfskin will return to the North American market next spring through a multi-year distribution agreement with Double J Fashion Group Inc of Montreal. The partners plan to open 100 doors in the next three years, including Jack Wolfskin franchise stor
RaceReady Acquired by Ohayo Sangyo
Ohayo Sangyo LLC has acquired RaceReady, Inc., the running apparel manufacturer, to accelerate the company's growth in US and overseas markets. RaceReady is a manufacturer of high-end, ultra-lightweight running apparel located in Torrance, CA. The co
Adidas Joins Nike and Puma in Chemicals Pledge
Adidas has become the latest company to pledge to eliminate the release of hazardous chemicals throughout its supply chain. Plotting a similar timeframe as Nike and Puma, Adidas promised to eliminate the discharges across both its entire supply chain and
Asics to Open First Store in Brazil
Asics America Group will open its first flagship store in Sao Paulo, Brazil on August 31st. In four years of operation in the country, the Brazilian subsidiary is the fastest growing…
Osprey Packs Promotes Sarah Harper Burke to Retail Marketing Manager
Osprey Packs, Inc. promoted Sarah Harper Burke to the position of retail marketing manager. Burke joined the company in 2009 as pro deal and program packs manager…
Wilson Expands Presence at U.S. Open
Wilson Racquet Sports is significantly expanding its efforts to engage consumers and retailers through a series of initiatives and events at this year's 2011 US Open, complementing its status as Official Stringer and Official Ball of the tournament.
