SGB Apparel

Fire that Destroyed Indiana Store Ruled Accidental

A Nov. 3 fire that caused more than $1 million in damage to a sporting goods store in Indiana has been ruled accidental by state police fire marshal Tim Frew. The fire destroyed Bowman's Sporting Goods on McGee Avenue in Patton, IN…

Confluence Parent Cuts Dividend To Preserve Cash

The publically traded private equity fund that owns Confluence Watersports has cut its dividend, eliminated its stock buy-back program and will implement further costs cutting in a move to preserve cash.American Capital, Ltd. said it is taking the moves b

Confluence Parent Cuts Dividend To Preserve Cash

The majority owner of Confluence Watersports has cut its dividend, will retain 2008 and future long-term capital gains, eliminate its stock buy-back program and implement further cost cutting in a bid to preserve cash. American Capital, Ltd. said it is ta

adidas Group Still Struggles with Reebok Business

adidas Group continued to struggle with its ailing Reebok business in the third quarter as the company continues to clear out entry price-point product from its inventories. That process is expected to be largely completed during the fourth quarter, which

October Comps Decline Amid Tough Retail Environment

As the credit crisis continues to deepen and consumer confidence continues to wane, retail sales are feeling the pain. In October, only six of the retailers tracked in our monthly index posted comparable store sales growth over the year-ago period. All si

Deal Signed for Boscov’s Purchase

Boscov’s Department Store LLC signed an asset purchase agreement for the sale of substantially all of its assets to a family group, reported DNR. The family group involved in the purchase is led by former Boscov chairman Albert Boscov and former president

TaylorMade-adidas Golf Sees Putters Drive Strong Q3

Currency-neutral sales for the TaylorMade-adidas Golf business grew 12% to €197 million ($297 mm) in the third quarter from €190 million ($261 mm) in Q3 last year. When measured in euros, sales grew 3.7% for the third quarter. Management noted that the co

Speedo’s Revenues Sink 9.5% Due to Timing Shift

Third quarter wholesale revenues for Speedo fell 9.5 % to $25.1 million due to a decrease in sales to membership clubs, department stores, chain stores, mass merchandise and off-price channels, primarily due to timing of orders and shipments. These declin