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Foot Locker's Q2 Rides B-Ball’s Comeback
With a big assist from the sizzling basketball footwear category, Foot Locker Inc. reported second-quarter earnings that handily exceeded Wall Street estimates, helping push the company’s shares past an all-time high. Besides benefiting from its position as the mega-basketball footwear specialist, the company continued to see a vibrant performance from its online operations, running footwear and kids. Also encouraging was signs of an uptick in its women’s business...(8/23/2014)
Cabela's Unveils Co-branded Icebreaker Collection for Fall
Cabela's confirmed it will launch a co-branded line of merino wool apparel this fall with Icebreaker. In an exclusive interview published by The B.O.S.S. Report report June 11, Icebreaker Founder Jeremy Moon disclosed the venture as part of the New Zealand apparel company's plans to accelerate global growth...(8/23/2014)
Global Brands Group 1H Losses Widen As Spending on Spyder, Quiksilver and other New Brands Rises
Global Brands Group Holding Limited reported a core operating loss grew more than 2.5 fold to $63 million in the six months ended June 30, as increased spending on new brands such as Cole Haan, Quiksilver, Spyder, Juicy Couture and Aquatalia drove up operating costs by 11.8 percent. The company, which Li & Fung spun off to shareholders in July, said the investments will pave the way for greater growth in 2016...(8/23/2014)
Hibbett's Q2 Profits Dip, Comps Trending Positive
Hibbett Sports, Inc. reported net income slid 20.0 percent to $8.4 million, or 32 cents a share. Results came in at the high-end its previously projected range between 30 cents and 32 cents provided on Aug. 8. Sales increased 4.1 percent to $193.9 million. Comparable store sales were up 0.1 percent, missing plan...
Athleta to Reach 100 Stores in 2014
Athleta continues to benefit from the trend toward athleisure and expects to reach 100 stores by the close of the year. Acquired in 2008, the women’s performance apparel brand opened its first door in 2011 and ended 2013 with 65. It had 79 open at the close of the quarter, adding eight in the period...(8/22/2014)
Toms Looks to Boost Growth with Bain Capital Sale
Toms, best known for its one-for-one model that donates a pair of shoes to a needy child for every pair it sells, agreed to sell half of itself to private-equity giant Bain Capital LLC to fund an expansion of its operations in the U.S. and overseas...(8/22/2014)
Vestis Retail Group Completes Sport Chalet Acquisition
Vestis Retail Group, owned by funds advised by Versa Capital Management and the owner of Bob's Stores and Eastern Mountain Sports (EMS), completed the acquisition of Sport Chalet, the full-service specialty sporting goods retailer with 50 stores in the Western United States...
The Buckle's Q2 Profits Dip
The Buckle, Inc. reported second-quarter earnings slid 2.3 percent to $24.5 million, or 51 cents a share, missing Wall Street’s consensus estimate of 53 cents a share...(8/22/2014)