Nike Reports Q1 Sales Fall 12%; Futures Orders Down 6%
Nike, Inc. reported revenues for the first quarter ended Aug. 31 decreased 12% to $4.8 billion from $5.4 billion a year ago. Excluding changes in currency exchange rates, net revenue was down 7% compared to the same period last year…
Nautilus to Divest its Commercial Business
Nautilus, Inc. said it is actively seeking buyers for substantially all of the assets, liabilities and ongoing operations of its commercial business. The fitness company said the move will enable it to focus its resources solely on its branded consumer bu
Zappos Predicts Robust Apparel Growth
Zappos.com expects apparel sales will double in 2010 and expects apparel will exceed footwear within five years, Fred Mossler, SVP of merchandising, told Bloomberg. Apparel currently accounts for about 7% of sales…
California Firearms Groups Protest Anti-Gun Bills
The California Association of Firearms Retailers (CAFR) and the National Shooting Sports Foundation (NSSF) issued a statement advising legislators to veto three anti-gun bills in the state. The groups said lost retail sales in California are estimated at
OIA Endorses Outdoor Retailer Summer Market Date Shift
The Outdoor Industry Association's Board of Directors announced their endorsement and recommendation of a shift of the Outdoor Retailer Summer Market (ORSM) dates from the third week of July to the first week of August in 2010 and beyond…
Gander Mountain Announces Intent to Go Private
Gander Mountain Co. announced its intent to cease its public company status. Gander Mountain's board of directors decided to pursue taking the company private after concluding that the disadvantages of remaining a SEC-reporting company, including the
Vail Resorts Sees Overall FY Net Income Fall 52%
Vail Resorts, Inc. reported results for the fiscal year ended July 31, 2009. Commenting on the company's fiscal 2009 results, Rob Katz, Chief Executive Officer said, “I am pleased that Vail Resorts was able to deliver solid results for the fiscal yea
Birki’s Names Mangione VP, Sales and Marketing
Birki's, the casual footwear brand, has appointed Robert Mangione as its vice president of Sales and Marketing. In this newly created position, Mangione will lead programs to strengthen brand positioning with existing customers, and drive growth in n
Sporting Goods Sees 2009 as Year of the Margin
Tough times call for prudent inventory management at retail. But is the industry overdoing it? As retailers work to keep inventories lean this year and focus on bottom-line profitability instead of just top-line growth, some are starting to get concerned
The Finish Line Sees Weak Traffic Offset Running Strength in Fiscal Q2
The Finish Line sees running footwear remaining strong, while apparel is “getting healthier” and its e-commerce business “continues to grow profitability.” Like many other retailers, comparable store sales also turned positive in September but anemic traf
The North Face Speaks Out on EPA “Pesticide” Charges
The North Face faced a media firestorm last week after the U.S. Environmental Protection Agency reported that more than 70 styles of shoes advertised as bacteria-killing by the outdoor giant had not been registered with the agency. TNF said it had immedia
Forzani Group Back-to-School Comps Essentially Flat
The Forzani Group Ltd. reported that consolidated same-store store sales for the back-to-school period inched up 0.1% for the seven-week period ended Sept. 20 compared to the comparable period last year. Broken out, consolidated same-store sales for the f
Blacks Leisure Puts Sandcity Unit into Administration
Blacks Leisure Group placed its Sandcity boardwear stores in administration after its bank Tuesday gave it a month to come up with a restructuring plan for its loss-making stores…
JD Sports Sees First Half Profits Up 14.5%…
JD Sports Fashion reported a 14.5% increase in group pre-tax profits before exceptional items to £14.2 million ($22.2) in the 26 weeks to August 1. Total group sales for the U.K. sports fashion retailer jumped 8.4% to £324 million ($443.4 mm), while comp
JJB Posts H1 Loss Amidst Investigation
JJB Sports Plc reported its first half loss widened due to inventory issues, and any concerns the company may have had were compounded by an investigation by the U.K.’s Serious Fraud Office (SFO) and the Office of Fair Trading to uncover possible wr
