lululemon athletica inc. reported net revenue increased 101% to $105.1 million from $52.2 million for the fourth quarter of fiscal 2006. Net income grew to $14.6 million for the quarter from $0.9 million last year. The company plans to end its foray into
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Fleet Feet Restructures, Adds to Team
Fleet Feet, Incorporated has added three new members under a new corporate structure. Bryan Mills has been promoted to director of New Franchise Development. Brian Breedlove has joined the team to oversee the financial management, personnel and legal matt
Strike at Nike Footwear Factory in Vietnam
Local reports indicate that over 20,000 Vietnamese workers have gone on strike at a factory that accounts for approximately 4% of Nike's 225 million pairs of shoes produced annually. The workers at Ching Luh plant, in southern Long An province are de
The Walking Co. Posts 2007 Loss on 8% Comps Rise
Net sales at The Walking Company increased 19.5% for fiscal 2007 ending December 31, 2007 to $162.1 million $135.7 million last year. The company reported that $10.0 million of the increase related to an 8.1% increase in comparable store sales which incl
Shoe Pavilion Switches to Net Loss for 2007
Shoe Pavilion reported in a filing with the SEC that net sales for fiscal 2007 increased 18.2% to $152.6 million from 2006 sales of $129.1 million. The sales growth is the result of increased sales of $7.6 million generated from 15 new stores opened in fi
VF Corp. Promotes Baxter to President of Imagewear
VF Corporation has promoted Scott Baxter to president of its Imagewear coalition, effective immediately. In his new role Baxter will be responsible for the company’s licensed sports and occupational apparel businesses, which are based in Tampa, Florida, a
Skullcandy Names VP of Finance
Skullcandy added Scot Carlson as vice president of finance. Carlson comes to Skullcandy with a solid history at Black Diamond outdoor equipment, adding welcomed industry expertise to Skullcandy’s core business development…
Mizuno Appoints VP of Sales for Running
Mizuno USA, Inc. has tapped Dave Lambert to take on the role of VP of sales for its Running Division. Lambert is a 10-year veteran of Mizuno, joining the company in 1998 as a territory manager. In 2000, Lambert was promoted to sales manager, where he co
Li and Fung Reports 36% Revenue Jump in 2007
Hong Kong-based global consumer goods exporter Li & Fung Limited reported strong annual results for 2007, well-exceeding the 2005-2007 Three-Year Plan target. At the same time, the company announced its new 2008-2010 Three-Year Plan target of achieving a
NBA Reports Top Ten Jerseys of Last Ten Years
To begin the celebration of its 10th anniversary, the NBA Store in New York City announced the ten most popular jerseys of the past 10 years, since the store opened on Sept. 18, 1998. The list is topped by Michael Jordan, Kobe Bryant and Allen Iverson. A
DSW Reports Fourth Quarter Net Income Drop
DSW Inc. recorded net income of only $1.1 million for the thirteen-week fourth quarter ended February 2, 2008, down sharply from the year-ago net income of $16.6 million for that fourteen-week period. For the fifty-two week fiscal year ended February 2, 2
Fonte to Retire From Prince, Again
After coming out of retirement in the spring of 2005 to take a leadership role in the rebuilding of the Prince brand in the U.S., Doug Fonte will step away from the corner office, once again entering retirement. Fonte helped to rebuild the brand over the
Reebok Promotes O’Toole to CMO; Names Gabel as NA Prez
Reebok International Ltd. has promoted Matt O’Toole to chief marketing officer. O'Toole will be succeeded as president of Reebok North America by Jim Gabel, currently senior vice president of adidas America. O’Toole’s appointment is effective April 1
NGF: Strong February Brings YTD Rounds Played Into Black
According to the National Golf Foundation, same-store rounds of golf played in the U.S. in February 2008 increased 10.4% compared to the same month last year. The strong February result was more than enough to offset a decline in January, pushing year-to-
Petzl Promotes Two
Petzl America has promoted Nazz Kurth to sales director, and Tom Adams to sport division manager. Nazz has worked at Petzl as the headlamp division manager since 2006, and officially stepped into his new role as of March 17th, 2008, and Tom has moved up f
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