City Sports Enters New Credit Agreement With Wells Fargo
City Sports, the Boston-based specialty athletic retailer with 18 stores in several markets on the East Coast, entered into a new credit agreement and term loan with Wells Fargo Capital Finance. The new credit agreement provides for a revolving credit fac
Warnaco’s Swim Segment Sees 20 Percent Q2 Earnings Gain
Warnaco Group reported sales at its Swimwear Group, which includes Speedo, inched ahead 3.3 percent in the second quarter, to $78.7 million from $76.2 million a year ago. Operating profits climbed 19.6 percent to $10.7 million from $8.95 million a year ag
NRF Applauds Internet Sales Tax Bill
The National Retail Federation said it welcomed the introduction of legislation that would require Internet retailers to collect sales tax the same as local bricks-and-mortar stores…
Crocs Sees Q2 Profit Soar; Easily Tops Street View
With a continued strong response to newer styles, Crocs Inc.'s second quarter profit soared 71.9 percent to $55.5 million, or 61 cents a share. Revenue climbed 29.6 percent to $295.6 million. In April, the squishy-shoe maker projected earnings of 43
Under Armour Raises Guidance After Strong
Powered by a strong reception to its Charged Cotton collection, Under Armour Inc. posted a higher-than-expected quarterly profit and once again raised its revenue and earnings forecast for the year…
Kellwood Adds Yoga Brand
Kellwood acquired Zobha, a California maker of yoga and fitness apparel and accessories that distributes through yoga studios, fitness clubs and its own e-commerce site…
Puma Delivers Double-Digit Growth Again in Q2
Puma AG reported currency-adjusted sales rose 14.1 percent in the second quarter, highlighted by a 16.9 percent gain in the Americas. Earnings were pressured by higher input costs as well as brand investments but the company still expects profits to rise
Cabela’s Reports Q2 Profit Surge on Revenue Growth, Fewer Charge-offs
Cabela’s Inc., reported that profits surged more than 20 percent for the fiscal second quarter ended July 2 on a strong top-line as well as improved same-store sales…
Point6 Moves Sock Production to the U.S.
Point6, manufacturer of merino wool socks, announced that it is moving all production from China to the USA. The company said the move to U.S. soil will allow the company to have better control over inventory management, product quality and…
West Marine’s Profit, Sales Up in Second Quarter
West Marine, Inc. reported that sales for the second quarter ended July 2 improved 1.1 percent to $236.0 million from $233.4 million in the year-ago period. Revenues in the Retail Stores segment were $214.8 million, up 1.0% from 212.6 million in the year-
Light and Motion Appoints New Director of Sales
Light & Motion announced the addition of Jack Gresmer as the new director of sales for the bike division…
Columbia Sportswear Posts Strong Q2 Revenue Growth Despite Weaker U.S
Columbia Sportswear Company's inventory at second quarter-end swelled by $90 million, or about 30 percent, on a currency-adjusted basis, after a cool, wet spring caused U.S. retailers to cancel advance orders, the company said…
Delta Apparel Sees Strong Fiscal Year
Delta Apparel, Inc.'s sales increased 11.9 percent to approximately $475 million for its fiscal year ended July 2, up from $424.4 million in its prior year. The increase was driven by organic growth of approximately 7 percent as well as sales from th
Coleman, Team Drive Jarden’s Outdoor Q2 Revenues
Driven by strength at Coleman and in its team brands, revenues at Jarden Corp.'s Outdoor Solutions segment climbed 11.1 percent in the second quarter, to $772.8 million. The segment's operating earnings improved 6.0 percent to $103.6 million…
Affordable Footwear Act Reintroduced in House
The Affordable Footwear Act (AFA),which would suspend many of the disproportionately high import tariffs, some as high as 37.5 percent, that are assessed against outdoor footwear, was reintroduced Friday in the United States House of Representatives by tw
