Bakers Footwear’s Q4 Earnings Climb
Bakers Footwear Group, Inc. reported sales increased 3.9% in the fourth quarter ended Jan. 30, to $57.6 million from $55.5 million a year ago. Comparable store sales increased 3.9%, compared to 3.6% in the prior-year period…
Hat World Re-Brands to Lids
Hat World, Inc., a subsidiary of Genesco Inc., plans a re-branding campaign designed to leverage its LIDS retail brand across the three major divisions of its business. The move includes renaming its Sports Fan-Attic and Impact Sports businesses…
Lotto to Sponsor San Diego Boca Soccer Club
San Diego Boca football club announced a two-year agreement with Lotto Team Sport to be the gear and merchandise supplier for next year's National Premier Soccer League (NPSL) season…
Li and Fung 2009 Profits Rise 29% on 6% Decline in Sales
Hong Kong-based multinational Li & Fung Limited said it earned record profits for the year ended Dec. 31, 2009 despite a 6% decline in sales to $13.4 billion. Core operating profit increased by 29% to $511.4 million, largely due to the Group's cost-c
Fed Issues New Regulations on Gift Cards
The Federal Reserve Board on Tuesday announced final rules to restrict the fees and expiration dates that may apply to gift cards – a significant source of profit growth in recent years for retailers. The rules protect consumers from certain unexpected co
Nike, Patagonia and Zappos Among Most Ethical Companies
Nike, Patagonia and Zappos made Ethisphere Institute's list of the 100 most ethical companies in the world for 2010…
REI Profits More than Doubled in 2009
REI (Recreational Equipment, Inc.) released its audited 2009 financial results showing it earned net income of $29.8 million, up 106% from $14.5 million in 2009. The company's direct sales channel, which includes online and catalog sales, grew by ne
Reynolds Cycling Names New Product Manager
Jon Swanson has joined Reynolds Cycling as VP of product management after a stint at at Specialized, where he was performance road product manger, equipment R+D product manger/developer and an SBCU Professor…
The Walking Co. to Exit Chapter 11 in Late April
The Walking Co. said a court hearing on the company's Chapter 11 bankruptcy reorganization plan will be held on April 23. If approved, the retailer said it would be ready to exit Chapter 11 early in the week of April 26…
Performance Bicycle to Open Another California Store
For the second time in two weeks, Performance Bicycle said it will open a new retail location in California. The Chapel Hill, NC-based bike dealer said the new store would open in Woodland Hills north of Los Angeles on May 7, 2010…
Boulder Outdoor Specialty Group Hires eCommerce Manager
Boulder Outdoor Specialty Group named a former REI Internet manager as its eCommerce manager, adding to a string of hires in its marketing department since September. Other recent hires include product designers, a graphic designer and a sales director…
Report: Lebron James Close to New Nike Deal
According to the Cleveland Plain Dealer, basketball superstar Lebron James is close to signing a new agreement with Nike Inc…
Adidas Extends NBA Agreement to Europe
Adidas AG extended its agreement with the NBA, giving the company exclusive clothing rights to all apparel in Europe beginning with the 2010-2011 season. The company will make the products available to the public beginning Oct. 1 to coincide with the tip-
NRF Says Health Care Legislation Will Cost Jobs
The National Retail Federation in a statement expressed extreme disappointment at the House's passage of sweeping health care reform legislation over the weekend, saying added labor costs under the bill will cost many retail workers their jobs…
NRF, eBay Partner to Fight Organized Retail Crime
EBay and the National Retail Federation have formed a partnership to tackle organized retail crime. This two will receive tie in support from the Federal Bureau of Investigation, retailer participation and new technology to identify and attack organized r
