VF Stumbles on Retail Inventory Woes…
Shares at VF Corporation, the parent company of The North Face, Eastpak and Jansport, dropped 8.8% for the week to close at $35.23 on Friday after the company issued a rather dim view of its prospects for the second quarter…
Fila Completes Sale to Epstein Group
Fila Holding SpA on Tuesday sold all of its subsidiaries, including Sparks, Md.-based Fila USA Inc., to a Fila management team for $351 million in cash. The new owner is Sport Brands International LLC, whose partners include Fila USA's current chi
The Finish Line Will Crush Q1 Earnings Guidance; Ups Full-Year Estimates…
Based on the first quarter sales report issued last week, The Finish Line is upping its earnings guidance for Q1 and the balance of the year…
Quiksilver’s Global Reach Shows Sales Gains — and Inventory Pains…
Quiksilver is capitalizing on its own retail stores, a premium brand message and lifestyle image at home to navigate through the negative retail environment as it benefits from a weaker dollar to post higher sales and margins in Europe.
New Pony Collection Unveiled…
SPORTS EXECUTIVE WEEKLY last week had a chance to take a sneak peek at the new GBMI incarnation of the Pony brand at the recent FFANY show in NYC. Some product will be available for late Holiday delivery with a full launch in spring of 2004.
Ashworth Lowers Prices to Drive Sales…
Ashworth is capitalizing on its license for the Callaway brand, but price pressure from competitors and a soft retail environment has caused the company to cut prices on its basic product in the 8% to 10% range in the second quarter to fuel at-once busine
Puma Recovers After Share Sell-Off…
Shares at Puma AG rebounded a bit by the end of the week after falling Monday on news that the company’s largest shareholder Monarchy/Regency Enterprises, put its entire 39% holding up for sale. Puma closed down 3.6% for the week to close at €83.70. Gol
Reebok Looks To Build Global Image…
Reebok International held its Annual Investor Conference on Wednesday, playing to a crowd eager to hear more about the company’s plans to capitalize on its recent gains in the market — and on the street.
THC Prices IPO to Pay NHL…
The Hockey Company Holdings Inc., which will be the new Canadian public entity that owns the CCM, JOFA and KOHO brands, has priced its Initial Public Offering of 4.5 million common shares at CN $16.00 per share. The offering is not available for sale in
Forzani May Be Eyeing U.S. Move…
Canada’s largest sporting goods retailer, had to rely on its franchise stores to provide positive comp store growth in its fiscal 2004 first quarter. The Forzani Group Ltd. said comps at franchise stores jumped 11.1% for the period, while the corporate-o
April U.S. Factory Orders Shrink…
The Commerce Department reported on Thursday that April orders for goods manufactured in the U.S. saw their largest decline in more than a year, falling 2.9% to $320.0 billion for the month. Economists were expecting a 1.8% decline.
Burma Ban Picks Up Steam in Congress…
Senators Mitch McConnell (R-KY) and Dianne Feinstein (D-CA), two U.S. senators that rarely agree on anything, introduced legislation last week demanding a ban on all imports from Myanmar, the former Burma. The action comes on the heels of the May 30 deta
Wal-Mart May Comps Rise 2.1%
Wal-Mart Stores, Inc. reported net sales for the four-week period ending May 30, 2003, of $18.953 billion, an increase of 10.0% over the $17.231 billion in the similar period in the prior year. Sales for the seventeen-week period were $77.322 billion, an
Sears May Same-Store Sales Dip 1.9%
Sears, Roebuck and Co. announced that comparable domestic store revenues decreased 1.9% for the four weeks ended May 31, 2003. Total domestic store revenues were $2.18 billion in May 2003, compared with $2.21 billion for the four weeks ended June 1, 2002
Dillard’s May Comp Store Sales Decrease 7.0%
Dillard's, Inc. announced that sales for the four weeks ended May 31, 2003 were $536,644,000 compared to sales for the four weeks ended June 1, 2002 of $576,754,000. Sales decreased 7% on both a total and comparable store basis for the four-week peri