Reebok Aiding Sidney Crosby's Olympic Theft
Reebok is helping Sidney Crosby, the Canadian hockey Olympic star relocate his stolen hockey gear. Crosby, who scored the winning goal in overtime to defeat the US 3-2 this February in Vancouver, wants his gold-medal winning stick and glove back. Reebok Canada is offering a $10,000 award - no questions asked - for the return of Crosby's items...(3/10/2010)

Dick's SG Posts Modest Q4 Earnings Rise on 2.5% Comp Gain
Dick's Sporting Goods, Inc. reported an 8.3% gain in fourth-quarter earnings. Sales increased by 10.7% to $1.3 billion due primarily to a 2.5% increase in comparable store sales, the opening of new stores and the addition of e-commerce sales. The 2.5% consolidated same store sales increase consisted of a 2.4% increase in Dick's Sporting Goods stores and a 5.9% increase in Golf Galaxy stores. For the first quarter, it expects...(3/9/2010)

Foot Locker Launches 5-Year Growth Plan, Looks to Increase Focus on Run and Apparel
Foot Locker Inc. announced a series to strategies to reach a goal of annual sales of $6 billion and net income margin of 5% over the next five years. At an analyst meeting, Ken C. Hicks, its new chairman and CEO, said the new strategy includes a increased emphasis on running and toning footwear, as well as on apparel...(3/9/2010)

Cornell Activists Protest Nike over Plant Closings
Cornell University's Chapter of Students Against Sweatshops (CSAS) launched a new campaign dubbed, 'Just Pay It,' to protest events surrounding the closing of two factories in Honduras that had been operated by Nike subcontractors. As reported, activists at the University of Wisconsin-Madison as well as Purdue University have also protested alleged illegal wage practices following the closure of the Hugger de Honduras and Vision Tex factories in January 2009... (3/5/2010)

ICSC: February U.S. Chain Store Sales Much Better Than Expected
The International Council of Shopping Centers reported that U.S. chain store sales in February rose by a strong 3.7% on a comparable store basis, or much better than its expectation. The February showing was the strongest since November 2007 (+4.9%), which occurred one month ahead of the start of the 2007-2009 recession...(3/5/2010)

Genesco Sees 6% Q4 Profit Gain on Flat Comps
Genesco Inc. reported fourth-quarter sales increased 6% to $479 million from $452 million a year ago. Comparable store sales were flat. Comp's at Hat World Group increased by 6%, the Journeys Group decreased by 3%, Underground Station decreased by 2%, and Johnston & Murphy Retail increased by 2%. Earnings from continuing operations rose 11.2% to $25.8 million, or $1.08 per share, from $23.2 million, or $1.05, a year earlier...(3/4/2010)

Nike Names Hilary Krane to General Counsel
Nike Inc. announced that Hilary Krane is joining the company as vice president and general counsel. Krane, 46, joins Nike from Levi Strauss & Company, where she had worked since 2006 as executive vice president, general counsel and corporate affairs...(3/4/2010)