Let’s Hope the Season Can Live Up to All the Hype…
While analysts are debating whether or not this Christmas will be a blockbuster year, the American consumer is speaking out and saying that they are ready to spend. Through a flurry of early holiday polls, customers have told retailers that they are going
Court Wants to Hear More in Airwalk Bankruptcy Case…
Airwalk’s banker and parent company came up short last week in their bid to have a stay lifted that has so far stymied the parent’s plan to buy the now-bankrupt shoe company out of foreclosure. Congress Financial Corporation, Airwalk International’s seni
NRF Report Sees Retail Execs Waver…
The latest Executive Opinion Survey conducted by the National Retail Federation (NRF) and the Bank of Tokyo Mitsubishi Ltd. (BTM) indicates that retail executives have backed off of their enthusiastic outlook for demand at retail…
After Some Turkey, Mall Retailers Take Aim at the Golden Goose…
While many of our gentle readers were lounging at home, top pants button undone, sated with the Holiday repast, Sports Executive Weekly was out pounding the tile in search of key indicators for this critical holiday season. Due to the realities of geogra
Sibley’s to Shut Down Operations…
Sibleys Shoes Inc., a key bellwether retailer for urban footwear trends in the Detroit market, said Wednesday that it will close its 29 retail shoe stores in Michigan and Ohio. The closures would signal the end of an 83 year run that started with a singl
Other Observations at Footwear Retail…
Footlocker: They are starting to see the first of the Nike allocations of AF1, with strong window signing for the black/black release. Still plenty of black S. Carter and G-unit release on hand. Nearly all Timberland styles were discounted. Most other styles were 2/$89 or had another cut price. Most of the I3 Pressure collection […]
As Footwear and Retail Stocks Jump on Renewed Confidence…
The market went wild last week after a number of analysts either initiated coverage or upgraded a number of stocks in the sporting goods industry, sending many companies near or to their 52-week highs. The indices tracked by Sports Executive Weekly on th
Fila Names Burch Global Communications Head
Sport Brands International has named Fila USA's current SVP Marketing, Howe Burch to SVP Global Communications and Sports Marketing for Fila. In his new role, Mr. Burch will develop and oversee an integrated global marketing communications and sport
Kmart Adds Apparel Chief and CFO
Kmart Holding Corporation has announced that John D. Goodman will join the Company as Senior Vice President, Chief Apparel Officer, and James D. Donlon III will
join the Company as Senior Vice President, Chief Financial Officer, both reporting to Presiden
Asics Extends New York City Marathon Partnership
ASICS America Corporation and its parent company, ASICS Corporation of Japan, have announced the extension of their multi-year partnership with New York Road Runners, as the official apparel and footwear sponsor of the ING New York City Marathon…
Amer’s Atomic Division Acquires Volant
Atomic, The Winter Sports Division of Amer Group Plc. has acquired the Volant brand from Huffy Corporation. Under the terms of the agreement signed Monday, Atomic will acquire all patents, trademarks and intellectual property as well as the manufacturing
Huffy Issues Warning on Fourth Quarter Sales and Earnings
Huffy Corporation announced Monday that fourth quarter sales and earnings are below plan. Currently, sales in November are lagging sales for the same period last
year, orders for the balance of the quarter are running below anticipated levels and it is t
Claiborne Completes Enyce Acquisition
Liz Claiborne Inc. announced today that it has completed the purchase of all of the equity interest in ENYCE HOLDING LLC for a purchase price of approximately $114 million, including the retirement of debt at closing…
JC Penney Completes Mexico Divesture
J. C. Penney Corporation, Inc. and its subsidiary, J. C. Penney Mexico, Inc., announced Monday that it has successfully completed the sale of its six Mexico department stores to Grupo Sanborns S.A. de C.V. of Mexico City. The sale transaction, which was a
Play it Again Parent Moves to Nasdaq National Board
Winmark Corporation, parent company for Play it Again Sports, announced that the trading of its stock will move from the Nasdaq SmallCap Market to the Nasdaq National Market effective December 2, 2003…
