SGB Apparel

Layoffs at Brown Shoe and Macy’s

February 9, 2009 SGB Update

Macy's Inc. and Brown Shoe Co. joined a number of companies announcing major layoffs to streamline operations in the face of the recession. Macy's plans to cut 7,000 jobs, or 4% of its workforce, while Brown Shoe, the parent of Famous Footwear,

Court at Odds with CPSC on Safety Act Provisions

February 9, 2009 SGB Update

The U.S. Consumer Product Safety Commission issued a one year “Stay on Enforcement” for the submission of “Testing and Certification” of compliance with the new lead and phthalates laws. The CPSC said it would not require Testing and Certification on prod

Sport Chalet Reviews Strategic Alternatives

February 9, 2009 SGB Update

Sport Chalet, Inc. is evaluating strategic alternatives, including raising additional capital and amending or replacing its current credit facility. This includes retaining Wedbush Morgan Securities as its financial adviser in this process. In a press re

LaCrosse FW Q4 Net Halved on Higher Expenses

February 9, 2009 SGB Update

LaCrosse Footwear, Inc. reported consolidated net sales of $35.1 million for the 2008 fourth quarter, up 8% from $32.7 million in the fourth quarter of 2007. For the full year 2008, consolidated net sales were $128.0 million, up 8% from $118.2 million in

National Golf Rounds Played Drops 6.8% in December

February 9, 2009 SGB Update

The Golf Datatech National Golf Rounds Played Report showed that in December, golf rounds played varied vastly between regions, with participation in the Pacific, Mountain, East North Central, South Atlantic and South Central regions decreasing and partic

Tech Attributes Still King in Outdoor Apparel

February 9, 2009 SGB Update

Partnerships between leading outdoor technical apparel brands and manufacturers of technical fabrics continue to bring innovation to outdoor specialty retailers, but retailers want vendors to keep lifestyle in mind as well when developing new products. Ne

Oil, Gas Leases in Utah Cancelled

February 9, 2009 SGB Update

U.S. Secretary of Interior Ken Salazar said that the department is canceling 77 oil and gas leases in Utah issued in the final days of the Bush Administration. The decision means that more than 100,000 acres of Utah wild lands and recreation destinations

Adidas Sees Currency Fluctuation Risks

February 9, 2009 SGB Update

In an interview with Bloomberg Television in Wiesbaden, Germany, Adidas AG Chief Executive Officer Herbert Hainer said currency fluctuations are the biggest risk for Adidas’s business in 2009. Hainer particularly cited the declining value of the ruble&#03

Sporting Goods Exempted From Phthalates Ban

February 9, 2009 SGB Update

According to the Consumer Product Safety Commission, sporting goods (except for toy versions of a sporting good) are exempted from the definition of a toy and not subject to the ban on phthalates in toys. CPSC also said exempted bicycles, playground equip

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