Merrell Inks Footwear Licensing Deal with Patagonia…
Patagonia and Wolverine World Wide have inked a licensing agreement under which WWW’s Merrell brand will design, manufacture and market under the Patagonia name with rights to Water Girl and Lotus Designs. The first product line is expected at retail in s
Patagonia and Merrell Ink Licensing Agreement
Patagonia and Wolverine World Wide's Merrell footwear brand have entered into a long-term global license agreement to produce Patagonia footwear. The first product line is expected at retail in spring 2007. Under the agreement, Merrell will design, m
Lafuma Takes Control of Oxbow…
Lafuma has completed its initial acquisition of Oxbow from the majority shareholder, Teahupoo, gaining 63.7% ownership of the company. Lafuma will now submit a draft standing offer at a price of €10.75 per OXBOW share cum-dividend and as a result OXBOW’s
Brown Shoe Co. on Major Naturalizer Restructuring
Brown Shoe Company, Inc. announced a series of moves to further strengthen its flagship Naturalizer brand. Brown will close approximately 80 underperforming stores – 60 in the United States and 20 in Canada — in addition to the ten closed in the first q
Lapierre and Accell Land on U.S. Soil…
Lapierre Cycles, a member of Accell Group, opened a branch office in North America, and plans on distributing a complete line of road and mountain bikes starting in October 2005 at Interbike. After an investigative trip to the States in April for the Sea
Oakley Adds Two to Board of Directors
Oakley, Inc. announced that on June 3, 2005, Greg Trojan and Colombe Nicholas were added to the company's Board of Directors. Mr. Trojan currently serves as the CEO of House of Blues (HOB) Entertainment and its divisions and Ms. Nicholas, former pre
Exel Sustains Nordic Walking Funding…
Exel’s efforts at expanding the Nordic Walking market internationally have not yet shown an any dividends, but the company stated that it will continue to invest in this emerging market in both North America and China. The Finnish company’s Q1 interim rep
May Comps Up 5% at Costco
Costco Wholesale Corporation reported net sales of $4.11 billion for the four weeks ended May 29, 2005, an increase of 8% from $3.80 billion in the same four-week period of the prior fiscal year. May Comparable Store sales increased 5%…
May Company Comps Decline 2.9% in May
The May Department Stores Company reported preliminary net sales of $1.12 billion for the four-week period ended May 28, 2005, a 14.5% increase from $978 million in the similar period last year. Store-for-store sales decreased 2.9%. Net sales for the firs
Stage Stores May Comps Increase 7.0%
Stage Stores, Inc. reported that total sales for the four-week period ended May 28, 2005 increased 10.4% to $100.0 million from $90.6 million in the prior year four-week period ended May 29, 2004. Comparable store sales increased 7.0% versus an increase
Saks, Inc. May Comps Fall 1.2%
Retailer Saks Incorporated, for the four weeks ended May 28, 2005 compared to the four weeks ended May 29, 2004, total sales decreased 2.7% and comparable store sales decreased 1.2% on a total company basis. By segment, comparable store sales decreased 2.
Goody’s May Same-Store Sales Fall 9.1%
Goody's Family Clothing, Inc. reported total sales of $95.9 million for the four weeks ended May 28, 2005, a decrease of 3.5% from total sales of $99.4 million for the fiscal month of May 2004. Comparable store sales for May 2005 decreased 9.1% from
Payless Posts 4.1% May Comp Sales Increase
Payless ShoeSource, Inc. reported that same-store sales increased 4.1% during May. Company sales totaled $240.2 million, a 2.4% increase from $234.5 million during fiscal May of last year. For the year-to-date period, sales increased 0.9% to $935.4 millio
Pacific Sunwear Ekes Out 0.4% Comp Sales Gain in May
Pacific Sunwear of California, Inc. reported that total sales for the four weeks of fiscal May ending May 28, 2005 were $80.7 million, an increase of 11.3% over total sales of $72.5 million during the same period last year. Total Company same-store sales
Target Corp. May Comps Increase 5.1%
Target Corporation reported that its net retail sales from continuing operations (principally Target Stores) for the four weeks ended May 28, 2005 increased 12.1%to $3.50 billion from $3.12 billion for the year-ago period. On this same basis, comparable-s
