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Macy's cuts forecast as comp sales fall
Macy's, which previously gave up reporting monthly same-store sales results, provided an update on its business this morning. As you may have guessed, the news isn't good.The company said same-store…
News May 13, 2013VF beefing up “direct to consumer” efforts
Lower down in this press release, VF's direct to consumers initiatives are mentioned. I marked the section in bold. VF owns Vans and Reef. GREENSBORO, N.C.--(BUSINESS WIRE)--Eric Wiseman, President and…
News May 13, 2013
Hurley revenues grow double digits in Q2
Nike executives hosted a conference call Wednesday to discuss second quarter earnings. A few interesting nuggets emerged about Nike-owned Hurley International.Revenues Nike breaks out Converse, Nike Golf, Cole Haan, Hurley,…
News May 13, 2013Macy's sales fall in weak environment
Macy's reported a tough second quarter this morning with total sales falling 3 percent to $5.7 billion. Same-store sales fell 2.1 percent. Profits fell slightly to $73 million vs. $74…
News May 13, 2013
Volcom’s Q4 business weaker than forecast
In addition to its big acquisition news, Volcom also lowered its fourth quarter and full year guidance today. Fourth quarter revenues are now forecast to reach $67 million to $68…
News May 13, 2013
Fernando: The industry’s biggest challenges
As ASR gets underway today I thought it would be good to step back and talk about the challenges facing the industry. I asked Fernando Aguerre this question when I…
News May 13, 2013
Mada: Riding a boost from Bede win
Mada is flying high after scoring a coup for a small brand. In September, owner Vince De La Pena signed surfer Bede Durbidge, who went on to win the Pipeline…
News May 13, 2013
Burton makes another acquisition
Here's the release: BURTON ACQUIRES ALIEN WORKSHOP AND HABITAT Company Increases Its Commitment to Boardsports by Acquiring Leading Skateboard Manufacturer, DNA Distribution Dayton, Ohio (February 5, 2008)-DNA Distribution,…
News May 13, 2013
Bernard Mariette out at Quiksilver
Quiksilver President Bernard Mariette, the architect of the company's troubled acquisition of Rossignol in 2005, is leaving Quiksilver, the company announced early this morning. His departure has been expected as…
News May 13, 2013
