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Nike Names Pfizer Exec David Denton as Next CFO
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Active to open flagships in HB, San Diego
Active Ride Shop announced a major expansion this evening. One of the most influential skate/fashion retailers in Southern California will open flagship locations in downtown San Diego and at The…
News May 13, 2013
Reef’s president on business impact of fires
I checked in with Reef President John Wilson to see how the aftermath of the San Diego fires is impacting employees and business. The San Diego area experienced multiple fires…
News May 13, 2013Nike sells Starter brand to Iconix
Starter is Nike's licensed league apparel business that is sold primarily at Wal-Mart. The sale follows Nike's review of its portfolio of brands. The company wants to focus on the…
News May 13, 2013
Peet’s in, Diedrich out
One of the last two full-line Diedrich Coffeehouses in Orange County closes Wednesday. The Diedrich at University Center in Irvine across from UCI will be replaced by a Peet's Coffee…
News May 13, 2013Macy'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
