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Backwoods Plots Expansion; To Launch E-commerce
Backwoods, the outdoor retailer, announced plans to open three stores and also expects to introduce online shopping at Backwoods.com in time for Holiday 2008. The first of the new stores will open this weekend in Fort Worth, Texas. It also has scheduled an October store opening in Overland Park, KS., and signed a new store commitment at The Meadows at Lake St. Louis in Missouri...(7/24/2008)
Brunswick Reports Q2 Loss
Brunswick Corporation reported today a net loss of $6.0 million, or 7 cents per diluted share, for the second quarter of 2008, compared with net earnings of $56.9 million, or 63 cents per diluted share, from continuing operations for the same period a year ago...(7/24/2008)
Nautilus Consolidates U.S. Manufacturing and Distribution
Nautilus, Inc. is consolidating its U.S. manufacturing and distribution facilities. Nautilus will close its Tulsa, Oklahoma facilities by the end of 2008 and transfer the manufacturing of their products, principally, to its facility in Independence, Virginia. The company does not plan to eliminate any major product lines as a result of the consolidation. Nautilus distribution will be consolidated into its two centers located in Independence and Portland, Oregon...
(7/24/2008)
JJB Sports Posts 1.2% Q2 Comp Decline
JJB Sports said like-for-like sales in the 12 weeks ended July 20 were down 1.2% year-on-year. The sports retail and health clubs group, based in the U.K., said this consists of a 2% fall in its 409 retail stores and a 5.9% increase for its 49 health clubs. It also said it was cautious about a “very challenging” second half of the year...(7/24/2008)
Dutch Bike Maker Accell Reports 11% Rise in Revenues
Accell Group N.V. said revenues grew by 11% and profits by 20% in the first half of 2008 due to sales of higher end bicycles and its acquisition of Ghost Mountainbikes. The Dutch company said organic growth dropped to 6% from 10%, but that demand for electric bikes remains strong as Europeans respond to growing health, environmental and energy concerns...(7/23/2008)
Puma Second Quarter Sales Up 6.3%; Americas Biz Improves
Puma's sales during the second quarter rose 6.3% to €577 million ($905.3 million) from €542.8 million ($852 million), and rose 11.2% on a comparable basis, according to the quarterly report of its parent, PPR SA. In a statement, PPR said Puma's business in North America "improved compared to" Q108, but noted that the region remain marked by a "little bearer" economic conditions than other regions. Overall sales in the Americas region saw double-digit growth...(7/23/2008)
Skechers Sees Q2 Earnings Dip on Flattish Sales
Skechers USA Inc. reported Q2 revenues climbed 0.6% to $354.6 million from $352.2 million a year ago. Net earnings dipped 2% to $14.6 million or 31 cents a share, from $14.9 million, or 32 cents, a year ago. In late April, Skechers predicted Q2 revenues ranging from $350 million to $365 million and earnings per share in the range of 30 cents to 38 cents...(7/23/2008)
GSI Commerce Sees 47% Revenue Hike
GSI Commerce Inc. reported net revenues in its second quarter jumped 47% to $193.2 million from $131.3 million. The net loss was $19 million or 40 cents a share, compared to a loss of $5 million or 11 cents, a year ago...(7/23/2008)
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