Aussie Apparel Group announced that it has signed a definitive agreement with Irvine, CA based GBI to license the “Bluetorch Brand” for apparel and certain other categories. Aussie Apparel has the option to buy the brand in 2006. Additionally, they have t
Author: SGB Media
Nike Q1 Earnings Jump Despite U.S. Sales Dip…
Nike shares climbed 10.5% last week, setting a new 52-week high at $61.50 at the close on Friday. Shares had opened higher on Friday after rising 4% in after-hours Thursday trading on news that the company had beaten Wall Street fiscal Q1 earnings estima
No Crime, But Plenty of Incompetence Cited in Robinson’s Exit from Footstar…
The polite nod of approval from Nike in their conference call may have given Footstar, Inc. a bit of a bump towards the end of the week, but it wasn’t enough to erase the plunge earlier that saw FTS shares down 20.2% for the week to close at $8.31 Friday.
Euro Retail Places Last at Decathlon…
Decathlon Sports will close 14 of its 18 former MVP Sports in New England by the end of the year. The French parent company, which reported €2.8 billion ($2.7 bn) in worldwide sales in 2002, is expected to keep only the Burlington, Bellingham, Norwood an
SBI Lays Out Fila Reorganization…
Fila plans to eliminate roughly 29% of positions worldwide as new parent Sports Brand International embarks on a “strategic reorganization of the Fila brand. Jon Epstein, CEO of SBI said Friday that the reorganization was designed to achieve global effi
K2 Completes Worth Deal; Parish is New Rawlings President…
K2 Inc. has completed another milestone in its mission to develop the world’s preeminent sporting goods company, after completing the acquisition of Worth, Inc. KTO expects the deal to be accretive to its earnings per share in the first 12 months after
Market Reacts to Bright Vans Outlook…
Vans, Inc. saw shares surge more than 26% for the week to close at $11.20 on Friday after the company advised investors that it is revising its first-quarter and full-year earnings estimates upward…
PONY Loses Some Juice…
Earlier last week Pony parent company, GBMI, announced that they would be teaming up with publisher Kashy Kaledi to launch a new lifestyle magazine called Juice, but the company was forced to pull the name after it was discovered that the name has already
Isabel Stings, But Doesn’t Bite…
As Hurricane Isabel tore through the Mid-Atlantic states last week, it reportedly had mixed results on sporting goods vendors and retailers. There was even a small hint of a silver lining in the dark clouds for at least one retailer that opened a new sto
Dick’s SG Plays the Bay Area…
Dick's Sporting Goods outlined a bit of its vision for their Private Label business while answering questions at the Banc of America Securities Investment Conference in San Francisco last week…
Second Quarter Retail 10-Q Filings Reveal Key Categories, Disappoints…
The former Gart Sports filed its 10-Q for its 2003 fiscal second quarter, covering the financial results of the previous Gart Sports side of the business only…
Footlocker, Inc. broke sales down a bit further for its second quarter in its 10-Q filing wit
No Trickle Down Yet at Retail…
The National Retail Federation last week that they expect holiday retail sales this year to be up 5.7% to $217.4 billion, but this doesn’t seem to be seeping down into the hiring in the retail/wholesale sector…
Northeast Athletic Footwear and Sporting Goods Retail Lags Behind in July …
According to the Monthly Mall Merchandise Index compiled by the International Council of Shopping Centers, sales per square foot for non-anchor mall stores rose 2.2% in the month of July versus the year-ago month.
The group pointed to the first wave of ch
Ryka and Lady Foot Locker Team Up For a Cause…
RYKÄ and Lady Foot Locker today presented a joint donation of $10,000 to the Avon Foundation Breast Cancer
Crusade…
REI In Store Pick-Up Beats Expectations
Recreational Equipment Inc. announced that nearly one-fourth of all of REI.com and REI-OUTLET.com orders are now delivered to stores through the recently launched REI Store Pickup service…
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