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WFSGI Nominates Two for Board

February 23, 2009 SGB Update

The World Federation Sporting Goods Industry has announced the nomination of two new members to its board. Andrew Rubin, CEO of Pentland Brands plc, and Kevin Plank, chairman and CEO of Under Armour were announced as nominees on Feb. 16, 2009. “Their ba

Rocky Brands Swings to Profit in 2008

February 23, 2009 SGB Update

Rocky Brands management said they were very pleased with the company’s fourth quarter results, as the company reported only slight declines in revenues within a tumultuous environment for the footwear retail industry…

Gander Mountain Expects Q4 Earnings to Rise

February 23, 2009 SGB Update

Gander Mountain Co. said it expects consolidated sales for the fourth quarter of approximately $333 million, compared to $318 million in the year-ago period, a 4.9% increase. Net income is expected to reach approximately $20 million compared to net income

Gander Mountain Expects Q4 Earnings to Rise

February 23, 2009 SGB Update

K-Swiss Opens Store in

February 23, 2009 SGB Update

K-Swiss plans to open its first-ever running retail store in the Tienmu area of Taipei, Taiwan. To celebrate the grand opening, K-Swiss will host a high energy 10K Race in Taipei that has already attracted the maximum capacity of 2,500 runners on Sunday,

Nike to Build Distribution Center In Jiangsu, China

February 23, 2009 SGB Update

Nike Inc. announced plans to invest $99 million to build a new distribution center in the Taicang Economic Development Area, Jiangsu. Besides providing support for current needs, the 120,000 square meter warehouse includes some expansion space reserved to

Report: JJB to Close 46 Lifestyle Stores

February 23, 2009 SGB Update

Reports out of the U.K. have KPMG, which was named administrator of JJB's lifestyle Original Shoe Company and Qube stores, closing 46 of the 77 door in operation. This move will in turn cause 438 positions to become unnecessary for the retailers. The

Volcom Inc. Sees Slight Q4 Sales Increase

February 23, 2009 SGB Update

Volcom, Inc. said total consolidated revenues for the fourth quarter inched up a bit to $69.6 million, compared with $69.1 million in the Q4 2007…

Billabong Posts Strong Sales Growth, But Margins Suffer

February 23, 2009 SGB Update

Billabong reported that first half net sales jumped 22.1% as healthy growth in the company’s home Australasian market was outpaced by stronger gains in the Americas and Europe. Net sales grew to A$808.6 million ($632.6 mm) from A$662.0 million ($575.2 mm)

Pacific Sunwear Fires Back at Adrenalina

February 23, 2009 SGB Update

Directors at Pacific Sunwear called a planned board battle by Adrenalina a waste of time and money and said they back efforts by the retailer’s chief executive to turn around the business…

Wall Street Icon John Shanley Loses Battle with Cancer

February 23, 2009 SGB Update

John Shanley, the top-ranking veteran footwear and retail research analyst at Susquehanna International Group, passed away last Sunday, after battling with bladder cancer for more than four years. He was 65 years old. Shanley had 25+ years of experience

Specialty Retailers Still Investing in Small Brands

February 23, 2009 SGB Update

Retailers have made drastic changes this year in their pre-season orders in hopes of remaining profitable during the economic downtown. Many are trying to wait as late as possible to place their orders, much to the chagrin of vendors, but a more interesti