Two months after reporting a 70% increase in profits, Tandem Group plc, is asking shareholders to let it use $10.6 million set aside to pay dividends and fund stock buybacks to pay off its deficit. The British maker of bicycles, golf gear, toys and other
Author: Charlie Lunan
Midwest Mountaineering Names Grant Recipients
Midwest Mountaineering of Minneapolis said it donated 10% of its pre-tax profits to eight environmental gropus through its annual grants Program. Recipients include…
Columbia Signs Chicago Store Lease
Columbia Sportswear Company is sparing no expense to show off its outdoor brands at a new line of owned retail stores. The company said it signed a lease with Grosvenor for a new Columbia branded store at 830 N. Michigan Avenue smack dab in the middle of
Ever-Glory to Start Trading on AMEX Wednesday
Ever-Glory International Group, Inc. said its Chairman and CEO Edward Yihua Kang has been invited to ring the opening bell at the American Stock Exchange at 9:30 a.m. EDT on Wednesday, July 16, 2008, to celebrate the listing of the company on the exchange
Forzani Buys Back 2.7 Million Shares
In a big vote of confidence in its future, Canadian sporting goods retailer Forzani Group Ltd. said it had purcahsed 2.7 million of its shares. At Tuesday's price, the stock buyback would have cost Forzani $36 million…
OIA Heralds Duty Relief Bill
Outdoor Industry Association (OIA) heralded the introduction of the Recreational Performance Outerwear Act of 2008 (H.R. 6483) on Tuesday, the first ever duty relief legislation specifically for outdoor performance apparel manufacturers…
Lorpen, Lenzing Ink Exclusive Supplier Deal
Lenzing AG has become its exclusive supplier of Lyocell and modal fibers for Spanish sock maker Lorpen’s 2009 sock collection. Lenzing will provide three fibers for Lorpen – Tencel, Lenzing Modal and MicroModal. Tencel is made of eucalyptus wood, whle Mod
END Picks up Southeast Dealers for Fall Line
Portland-based END Footwear has signed up ten new retailers in the Southeast. The company, which has focused on minimizing the amount of glues and other harmful ingredients used in shoes, is launching its product line next month. The company claims its “e
Wal-Mart Comps Rise 5.8% on Strong International Growth
Wal-Mart Store Inc. reported consolidated comparable store sales grew 5.8% for the five weeks ended July 4, not including fuel. The number rose to 6.4% when including fuel sales. The strong organic growth contributed to an 11.5% increase in consolidated s
Dillard’s Five-Week Comps Drop 5%
Dillard's said its comp sales fell 5% in the five-week period ended July 5 on a 4% decline in sales to $593.3 million. The department store retailer said sales were trending above average in the Central region and slightly below average in the Easter
TJX Ups Guidance on Strong Comps
Citing strong 5% comp store sales increase in June, off-price reatiler TJX Companies Inc upped its second-quarter earnings guidance. The company said sales rose 9% during the five weeks ended July 5, 2008…
Target Says .4% Comps Gain Exceeds Expectation
Target Corporation said its net retail sales for the five weeks ended July 5, 2008 increased 6.6% to $5.84 billion from $5.48 billion for the five weeks ended July 7, 2007. On this same basis, June comparable store sales increased 0.4%…
Ross Ups Guidance on 8% Comps Growth
Discounter Ross Stores Inc. upped its earnings per share guidance for the 13 weeks ending August 2, 2008 after reporting sales and comp store growth of 15% and 8% respectively for the five weeks ended July 5. Dresses, Accessories and Shoes remained the st
Apparel Execs Sought for Export Advisory Group
U.S. apparel and textile leaders have until Aug. 5 to apply for a position on the Exporters' Textile Advisory Committee. The Committee consists of approximately 35 members appointed by the Secretary of Commerce to ensure a balanced representation of
Jackson Kayaks to be Featured on MSNBC
Jackson Kayak Founder and President Eric “EJ” Jackson will be featured on an upcoming episode of MSNBC’s “Your Business,” which focuses on America’s small business entrepreneurs…
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal