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Amer Sees Novator Up Stake to 20.1%

February 20, 2009 SGB Update

Amer Sports Corporation reported that Novator Finland Oy has converted all of its NASDAQ OMX forward contracts into direct holdings in shares of Amer Sports Corporation representing 20.11% of the shares and voting rights…

Billabong H1 Sales Rise as EBITDA Stays Flat

February 20, 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)

Quiksilver Appoints New Board Member

February 19, 2009 SGB Executive

Quiksilver, Inc. has added James G. Ellis to its Board of Directors. Mr. Ellis was also appointed a member of the Audit Committee of the Board. Mr. Ellis, age 62, currently serves as the Dean of the Marshall School of Business at The University of Souther

Suunto Names Sales Rep of the Year

February 19, 2009 SGB Executive SGB Update

Suunto has named Kevin Hirsh as their North American Sales Rep of the Year for 2008. Hirsh, of FHB Sales, covers Northern California and Northern Nevada and has been working with Suunto for over a year and a half…

Report: JJB to Close 46 Lifestyle Stores

February 19, 2009 SGB Executive 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…

BJ’s January Comps Hurt by Fuel Sales

February 5, 2009 SGB Executive SGB Update

BJ’s Wholesale Club, Inc. reported net sales for fiscal January increased 0.9% to $656.7 million from $651.0 million last year. On a comparable club basis, January sales decreased by 0.7%, including a negative impact from sales of gasoline of approximatel

Gottschalks Posts Strong January Comps Increase

February 5, 2009 SGB Update

Gottschalks Inc. reported same store sales for the month of January increased 13.3% over the same month last year. Total sales for the four-week period increased 10.6% to $33.3 million compared to $30.1 million in the same period of fiscal 2008…

Kohl’s Posts 13.4% Drop in January Comps

February 5, 2009 SGB Update

Kohl’s Corporation saw a 9.0% decline in net sales for the month of January to $720.3 million from $791.4 million last year. On a comparable store basis, sales decreased 13.4%. Total sales for the year decreased 0.5% from the prior year. On a comparable s

TJX Co.’s Reports 4% Decline in January Comps

February 5, 2009 SGB Update

The TJX Companies, Inc. saw a 6% decline in net sales for fiscal January to $1.0 billion, down from the $1.1 billion achieved last year. For the 52 weeks ended January 31, 2009, sales reached $18.7 billion, up 2% from the $18.4 billion achieved during the

Costco Comps Slip 2% in January

February 5, 2009 SGB Update

Costco Wholesale Corporation reported net sales of $5.10 billion for the month of January, down 0.2% from $5.11 billion for the same period last year. Comparable store sales for the month declined 2.0% after an increase of 7.0% last year. For the first tw

Twins Enterprise Rebrands as Twins ’47 and Banner ’47

February 5, 2009 SGB Update

Twins Enterprise is shifting directions to show off the brands heritage and the unique story of how the company has come to be a major player in the sports licensed products market. Twins Enterprises is launching new brand platforms for its two main busin

Lorpen Names U.S. Sales Manager

February 4, 2009 SGB Executive

Lorpen reported that Bruce Barrows has been hired as U.S. sales manager. Barrows will be responsible for the marketing and sales of Lorpen socks within the U.S. and growing the Lorpen brand through existing dealers and by increasing the size of the Lorpe

Spyder’s de Witte Adds President-Europe to Role

January 23, 2009 SGB Update

Spyder’s EVP of Global Sales, Cees de Witte, has accepted the position of President Spyder-Europe in addition to his EVP role. He will relocate to Switzerland to lead the Spyder global sales force and subsidiary brand Cloudveil’s sales outside of North Am

Wolverine Acquires Chaco

January 22, 2009 SGB Executive

Wolverine World Wide, Inc. has acquired Chaco, a performance outdoor footwear brand based in Colorado with a unique heritage and strong consumer following. The acquisition also includes the ULU brand. The brand had global revenue of more than $20 million

Gaiam Named Licensee for Biggest Loser

January 21, 2009 SGB Update

Gaiam, Inc. has entered a new licensing deal to become the exclusive licensee for all The Biggest Loser fitness accessories for the next three years. The branded accessories will be integrated into each successive season of the show, beginning with Season