Costco Q3 Income Jumps 29% on 14% Sales Gain
Costco Wholesale Corporation's net sales for the third quarter of fiscal 2004 increased 14% to $10.67 billion from $9.34 billion during the third quarter of fiscal 2003. On a comparable warehouse basis, that is warehouses open at least a year, net sa
REI Continues Expansion Plans
REI is in the final stages of lease negotiations to open a second store in Austin, Texas, at 6th Street and Lamar Boulevard in Austin’s Market District. The proposed store will open fall of 2005. REI opened its first downtown Austin store in 1989, but rel
Genesco Q1 Earnings Jump Nearly 76%; Raises Guidance
Genesco Inc. reported that first quarter net earnings jumped nearly 76% to $5.8 million, or 26 cents per diluted share, for the period ended May 1, 2004. Net sales for the first quarter were up 17% $226 million compared to $193 million for the first quar
TNF Sponsors More Than Expeditions
The North Face has signed an agreement with GlobalGiving to fund and promote community-based development projects overseas. The North Face sponsors as many as five expeditions a year, sending world class athletes to remote international destinations. Thro
Deckers Repays All Outstanding Debt with Stock Offering Proceeds
Deckers Outdoor Corporation has repaid all of its outstanding loans, using a portion of the proceeds derived from its previously announced common stock offering which closed on May 18, 2004. With the net offering proceeds of $35.2 million, the Company pai
Russell Athletic Unveils New ‘Energetic’ Logo
Russell Athletic recently unveiled a more athletic and evolutionary version of its classic red and blue capital “R” logo that has been seen for decades on thousands of sports teams worldwide. The new logo features an energetic orientation, a richer blue c
Hooked on the Outdoors Re-Locates
After six years of constant growth, Hooked on the Outdoors magazine and parent company ADventure LLC are making their
biggest move yet, relocating their national headquarters to a 13,000 square foot custom office facility north of Atlanta….
Winterstick Hires Nathan Mack as Customer Service and Int’l Sales Mgr.
Winterstick Snowboards has hired Nathan Mack to fill the positions of Customer Service and International Sales Manager. Nathan Mack began his involvement with Winterstick in November of 2003. Nathan brings to the company extensive international experience
SIA: SnowSports Chain Stores Up 1.3%
Sales at chain stores were up 1.3% compared to last season. In dollars, that translates to $493.8 million in sales compared to $487.4 billion in 2003. Unit sales were up from last season 2.4%. Sales for the month of March in chain stores were $42.0 millio
Specialty SnowSports Sales Flat for 2004 Season
Sales at specialty ski and snowboard shops were flat, up only 0.4 percent compared to last season. In dollars, that translates to $1.72 billion in salescompared to $1.71 billion in 2003. Unit sales were up from last season 4.0 percent.Sales for the month
Huffy Completes Sales of Service Business
Huffy Corporation has finalized the sale of its services to retail segment, which includes Huffy Service Solutions, Creative Retail Services, and Creative Retail Services (Canada) to National Product Services Inc., a portfolio company of H.I.G. Capital, L
Cabela’s Posts Triple-Digit Profit Gains in Q1 on Retail Segment Growth
Cabela’s continues to see its Retail segment capture a larger part of a fast-growing business as the big-box outdoor recreation retailer prepares for its pending IPO. Cabela’s is poised to partake of the same success experienced by rival Gander Mountain’
Backcountry.com Hires Kane as Chief Technology Officer
Backcountry.com has selected veteran technology professional, Jim Kane, to fill the newly created position of Chief Technology Officer. As the company’s CTO, Kane will be responsible for all technical operations ranging from the storefront to communicatio
Big Stone Ltd. Takes Over Five Ten-U.K.
Five Ten announced that Big Stone Ltd. has been named the company's new agency for the UK. John Connelly, International Sales Manager, said he and everybody at Five Ten, thank Bill Birch, the company's former agent, for his outstanding efforts
CEO of Wal-Mart Canada Inducted into Retail Hall of Fame
Mario Pilozzi, President and CEO of Wal-Mart Canada, will be inducted into the Canadian Retail Hall of Fame this June at STORE 2004 – Canada's Retail Conference. The Canadian Retail Hall of Fame was established by Retail Council of Canada (RCC) to re
