Billabong Cuts EPS Forecast on Weakening US Sales
Billabong International Limited nearly halved its guidance on EPS growth for fiscal 2008-09, citing further deterioration in consumer sales, primarily in the United States. The world's largest publicly traded surf company said forward orders remain g
Nov. Comps Slide 13% at Macy’s
Macy’s, Inc. reported total sales of $2.33 billion for the four weeks ended Nov. 29, 2008, a decrease of 14.1% compared to total sales of $2.70 billion in the four weeks ended Dec. 1, 2007…
Nordstrom’s Fined Over Kid’s Hoodies
Nordstrom Inc. has agreed to pay a $60,000 civil penalty to settle allegations that it knowingly failed to report to the Consumer Product Safety Commission immediately, as required by federal law, that its children's hooded jackets and sweaters were
Wal-Mart U.S. Sales Rise 6.5% in November
Sales rose 6.5% and 1.4% at U.S. Wal-Mart and Sam’s Club stores for the four weeks ended Nov. 28, 2008, on comp store gains (excluding fuel) of 3.4% and 3.5% respectively. However, a stronger dollar caused the discounter’s international sales to decline 1
Sportsman’s Warehouse HQ Likely to Remain in Utah
The Canadian agricultural co-op that has signed an MOU to buy Utah-based Sportsman's Warehouse expects to eventually combine the chain with a Canadian chain it bought earlier this year under a single brand, according to a report by New West. Expansio
Dillard’s Sees Comps, Total Sales Fall in November
Dillard’s, Inc. merchandise sales for the four weeks ended Nov. 29, 2008 were $505.8 million compared to sales for the four weeks ended Dec. 1, 2007 of $559.2. Total sales decreased 10%. Sales in comparable stores decreased 9% for the four-week period. Sa
Long Beach Delays and Lowers Container Fee
The Port of Long Beach has announced it will delay until at least July 1, 2009, and lower to $6 from $15 a fee on 20-foot equivalent containers that was set to go into effect Jan. 1, 2009. The Port of Los Angeles is expected to announce a similar delay a
Neiman Marcus’ November Comps Fall 11.9%
Neiman Marcus, Inc. reported total revenues dropped 10.2% in November to $324 million from $360 million a year ago. Comps dropped 11.9%…
Nielsen, OIA To Survey Retailers on OR Show
Outdoor Retailer and the Outdoor Industry Association will launch a four-week online survey to gather retailer's suggestions on improving the Outdoor Retailer Summer Market trade show. An analysis of the results should be ready in time for the OR Sum
Zumiez Comps Fall 15% in November
Zumiez Inc. reported a 15% decline in November comps on a day when only five out of the 27 retailers tracked by Sports Executive Weekly posted positive comps for the month. The company's total net sales for the four-week period ended Nov. 29, 2008 fe
Collective Brands Q3 Net Earnings Jump
Collective Brands, Inc. made $47.5 million, or 75 cents per diluted share, in net earnings for the third quarter ended Nov. 1, 2008 compared to third quarter 2007 net earnings of $25.5 million, or 39 cents per diluted share. Excluding litigation items in
OIWC Seeks Award Nominees until Dec. 15
The Outdoor Industries Women’s Coalition (OIWC) is soliciting nominations for its annual 2009 Pioneering Woman and First Ascent awards. The deadline for submitting a nomination is Dec. 15…
Shimano Hires Midwestern Rep
A midwestern rep agency out of St. Paul, MN now represents Shimano Bicycle in an 11 state area in the midwest. The agency which has been in business for over 20 years in the mid-west is headed by Bill Kaplan and Pat Padden and also represents Yakima Racks
comScore: Online Spending Jumps 15% on Cyber Monday
Retail e-commerce spending for the 31-day period ended Dec. 1 declined 2% to $12.03 billion versus the corresponding days last year, according to a survey by Internet measurement firm comScore. However, on Cyber Monday, sales…
Campaign Implemented to Halt Illegal Firearm Purchases
The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) and representatives from the National Shooting Sports Foundation (NSSF) – announced a major campaign to reduce the illegal straw purchases of firearms in New Jersey…
