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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)
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)
Shock Doctor Acquires XO Athletic
Shock Doctor, the number one mouthguard company, has acquired XO Athletic, best known for its athletic cups and supporters. Shock Doctor intends to maintain the XO Athletic brand. Terms were not disclosed...
Perry Ellis’ Golf Apparel Climbs Double-Digits in Q2
Perry Ellis International reported its golf apparel segment’s revenues grew 14 percent in the second quarter, led by Callaway and Ben Hogan. The gains came despite an 8 percent decrease on inventory. Said Oscar Feldenkreis, vice chairman, president and COO, on a conference call with analysts, “Our unique industry-leading portfolio of golf brands continued to capture additional market share.”...