Nordstrom September Comp Store Sales Increase 7.7%
Nordstrom, Inc. reported preliminary sales of $563.7 million for the five-week period ending October 4, 2003, an increase of 11.4% compared to sales of $505.9 million for the year-ago period. Same-store sales increased 7.7%…
JC Penney September Comp Store Sales Inch Up 0.7%
J. C. Penney Company, Inc. reported today that comparable department store sales increased 0.7% for the five weeks ended September 27, 2003. Sales of Back-to-School merchandise continued to perform well in September, while overall sales softened during t
Columbia and Jeep Join Forces
Columbia Sportswear Company and the Jeep are teaming up to offer the new limited-production “Columbia Edition” Jeep Grand Cherokee, Liberty and Wrangler. Available in both the United States and Canada, vehicles will begin arriving at dealerships this fall
adidas Sees Continued U.S. Weakness…
At the company’s Investor Day presentation last week, adidas-Salomon AG CFO Robin Stalker discussed the difficulties that the company is having in the critical U.S. market, revealing that North America full-year sales for 2003 are expected to come in belo
Tiger Goes Back to a Nike Driver…
Tiger Woods has changed drivers again, switching back to a new Nike driver after a two month stint with his old Titleist 975D model. The new Nike club will be the largest he has ever used in competition. Woods has been struggling with control off the te
Bauer Nike Hockey Cuts Canadian Workforce in Modernization Effort…
Bauer Nike Hockey Inc. is cutting over 320 jobs at Canadian production facilities, the result of a broad re-organization of the company that will see the closure of a hockey stick factory and a goalie equipment plant in Ontario, and downsizing the labor f
Phoenix Expands Stable in Royal Robbins Acquisition Deal…
Phoenix Footwear has signed an agreement to acquire Royal Robbins. The deal includes $6.5 million due at closing with an additional contingent purchase value of around $5 million based on a two-year earn-out formula. The initial payment will consist of $6
With a Little Help From My Friends…
The on again, off again saga of the Malden Mills bankruptcy appears to be winding down this week, with a new exit date set for the middle of the month. Company chairman Aaron Feuerstein has another window of opportunity to close on a deal that will enable
Wolverine Again Sees Merrell Lead Q3…
Wolverine World Wide said that Merrell continues to be its major growth driver, but company president and CEO Tim O’Donovan said it is also encouraging to see major contributions from the other footwear businesses…
DeFeet Uses Flashy Feet to Grow…
Textile Mills are slowly becoming a thing of the past in the U.S., particularly in the Carolinas, but one North Carolina company may have found the answer – innovate or die…
Rocky Knocks Out Military Deal…
Rocky Shoes & Boots is cashing in on an expanded defense budget with a $6.1 million deal to produce boots for the U.S. Military. The agreement is not cancelable and is accretive to earnings…
Power Grid Woes Impacts Forzani BTS…
The Forzani Group Ltd., Canada’s largest sporting goods retailer and franchisor, cited fires in the British Colombia Province and power outages in Ontario as main contributors to its flat comparable store sales report for the Back-to-School selling period
Cannondale Shuffles Executive Deck…
Cannondale has terminated the employment of three key executives, with Scott Montgomery, VP of Marketing, Dan Alloway, VP of Sales, and Len Konecney, VP of Purchasing, all handed walking papers last week…
GolfGear to Outsource Production, Launch Direct Sales…
GolfGear International, Inc. is making a major change in the way it operates, shifting away from a manufacturing company to a direct marketing company. The company will see overhead cut by approximately 50% by outsourcing the manufacturing and assembly o
Sport-Haley, Chairman Sued by SEC…
The U.S. Securities and Exchange Commission filed suit on September 26, 2003 against Sport-Haley, Inc. its chairman and former CEO, Robert G. Tomlinson, and its former controller, Steve S. Auger…
