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
Bon-Ton’s Comps Slide 4.7 Percent in August
The Bon-Ton Stores, Inc. announced comparable store sales for the four weeks ended Aug. 27, 2011 decreased 4.7 percent…
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…
Mainland Headwear Says Rising Costs, Bad Debt Undercut 23 Percent 1H Sales Growth
Mainland Headwear Holdings Limited, a major Chinese manufacturer of headwear that holds the Lids license for Asia, reported sales rose 23 percent to HK$360.5 million ($46 mm)in the six months ended June 30. However, rising costs and bad debts in China as
La Sportiva Completes Warehouse Expansion
La Sportiva N.A. has completed its newly expanded distribution warehouse space in Boulder, CO…
Dillard’s August Comps Increase 4 Percent
Dillard's, Inc. said comparable store sales increased 4 percent for the four weeks ended Aug. 27, 2011…
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
Target’s August Comps Climb 4.1 Percent
Target Corporation reported that its sales for the four weeks ended Aug. 27, 2011 were $5.29 billion, an increase of 5.4 percent from $5.02 billion a year ago. On this same basis, August comparable-store sales increased 4.1 percent…
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…
Vivobarefoot Plans First Barefoot Store
Vivobarefoot is converting its flagship store in Covent Garden to what it's calling the first worldwide 'barefoot concept store.' The Vivobarefoot Experience opens on Sept. 15…
Accell Ups Stake in Derby Cycle AG to 22 Percent
Accell Group said it will increase its minority stake in newly public Derby Cycle AG to approximately 22 percent. Accell Group has acquired shares through the stock exchange thereby taking advantage of the recent lower share price levels.
Zumiez Swings To 2Q Profit On Strong Same-Store Sales Growth
Zumiez Inc. reported sales for the second quarter increased 14.9 percent to $112.2 million from $97.7 million reported a year ago. Comparable store sales increased 7.5 percent on top of an increase of 9.3 percent for the second quarter of fiscal 2010…
Eurobike Opens with More E-bike Buzz
E-bikes and 29-inch trekking bikers are expected to generate much of the buzz at the 20th annual Eurobike Trade Show that kicked off Wednesday, Aug. 31 in Friedrichschafen, Germany. Roughly 1,180 exhibitors from 45 countries will be presenting at the show
Delta Apparel’s Q4 Profit Climbs 52 Percent on 9 Percent Revenue Gain
Delta Apparel, Inc., the parent of M.J. Soffe, reported sales for its fourth quarter ended July 2 increased 9.1 percent to a $137.6 million from $126.2 in the prior year period. Net income jumped 50.6 percent to $8.5 million, or 97 cents a share, from $5.
Zumiez Enters New Credit Agreement
Zumiez said it entered into a secured credit agreement with Wells Fargo Bank, N.A., according to a filing with the Securities & Exchange Commission…
