Global Retail Sales Show Mixed Results…
While the U.S. retail market continues to post healthy comp stores sales growth, the global retail market has seen mixed results over the least few months, with Europe starting to see the healthiest gains…
All Eyes on Gander Mountain…
Several top investment firms initiated coverage of Gander Mountain this week, including Piper Jaffray, Bank of America and William Blair & Co. – the firm that floated the outdoor retailer’s IPO. The company received high marks from all analysts, who cited
Retail Execs See Lighter Traffic But More Sales in May…
It looks like the most recent Executive Opinion Survey, a monthly index by the National Retail Federation, was a fair indicator of the health of the retail business in May as retail execs also noted that the prediction of a negative impact of higher gas p
Forzani Sees Continued Challenges in Canadian Sporting Goods Market…
Forzani started the year off on shaky ground on the sales front, thanks in large part to heavy price competition and a declining sporting goods market north of the border, but shook off the tougher market and posted a 38% increase in net income for the pe
Zanatta Leaves Lotto Board; Tecnica is Now Sole Focus…
Giancarlo Zanatta, President of the Tecnica Group, has resigned his position as a member of the board of directors of Lotto Sport Italia in an effort to focus on re-launching the Nordica and Rollerblade brands world-wide…
G-III Feels the Sting of Declining Sports Fashion Market…
G-III Apparel Group widens its net loss for the fiscal first quarter ended April 30, due primarily to continued softening in the company’s “fashion sports apparel” category and efforts to clear the slower goods that cut deeply into margins. The company s
American Recreation Parent Boosts Net Income 18.5% in Q1…
Kellwood, Inc. first quarter sales increased 2.1% to $686.1 million, compared to $672.3 million last year due to a combination of organic growth of $5 million, or approximately one percent, and the acquisition of Phat Fashions which provided an additional
Nike in Deal with Arena Football …
The Arena Football League has entered into a three-year marketing partnership with Nike, who will serve as the AFL’s Official Uniform, Sideline Headwear, and Sideline Apparel Supplier through 2007. As part of the deal Nike will develop an exclusive unifor
But Loses Hoosier Deal to adidas…
The Hoosiers have made the switch from Nike to adidas for the school’s entire athletic department. The decision marks the first time that adidas has been the licensed product vendor for all of IU’s sports. Nike had held a majority of the contract since 20
Sporting Goods Sales Pace Online Sales Growth in 2003…
According to The State of Retailing On-line 7.0, a Shop.org study conducted by Forrester Research of 150 retailers, 2003 on-line retail sales improved 51% to $114 billion, surpassing all industry expectations. Each on-line product category experienced str
Specialty Retailers Again Outpace Sporting Goods; Profit Gains Outpace Sales…
The industry’s Retail sector experienced much of the same sales and profit upside seen in the Vendor sector (SEW_0422), as earnings growth here more than doubled the pace of sales gains in the first quarter. Concerns about rising gas prices and consumer
Jack Moore Resigns from Kohl’s
Kohl's Corporation announced the resignation of Jack Moore, executive vice president/general merchandise manager of Home and Footwear effective today to accept a position as President and Chief Operating Officer at Linens 'n Things.
Foot Locker Converts All of its 5.5% Notes to Stock
Foot Locker announced that The Bank of New York, as Conversion Agent for the Company's $150 million outstanding 5.5% convertible subordinated notes, has received notice from 100% of the note holders of their election to convert their securities into
Neville Named President of Stride Rite’s Keds Division
Shawn Neville will join Stride Rite Corporation as president of Keds, effective July 7, 2004. Most recently, Neville was president & CEO of Footstar's athletic division, including the management of Footaction, USA and Just for Feet. Previously, he w
Retail Ventures Narrows Q1 Loss on 9.8% Sales Gain
Retail Ventures, Inc. announced net sales for the first quarter ended May 1, 2004 increased 9.8% to $646.3 million from $588.5 million for the 2003. Comparable store sales for the thirteen-week period increased 4.2% when compared to the same period last
