TJX Cos. has agreed to settle a series of class-action lawsuits stemming from a massive security breach of customer data in 2005 affecting at least 45 million credit and debit cards. The retailer estimates that the settlements will bring its total losses
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
JJB Sports Sees Tough First Half on Tough Comps…
In the first half ended July 29, JJB Sports revenue dropped 4.3% to £365.3m ($738.2 mm) with comps down 4.4%. The decline largely reflected tough year-ago comparisons, which was boosted by the 2006 World Cup. While total retail revenue was down 6.2% in th
Timberland to Close Most U.S. Specialty Doors…
After completing a “global retail portfolio review,” Timberland has decided to close approximately 40 of its larger, specialty retail stores in the U.S., Europe and Asia. TBL management said that this is part of a strategy to “redirect investment to highe
Vendors and Retailers Provide a Look-Ahead in Latest Round of Conferences…
At the recent Thomas Weisel Consumer Conference in New York City and the Piper Jaffray Consumer Conference in London, several industry companies offered their views on the global market today and the strategies they hope will position them well for the fu
Callaway and Nike Go to Court…
Callaway Golf Co. filed suit in Portland early last week accusing Nike and former Callaway executive Robert Arluna of “misappropriating trade secrets,” in violation of Oregon law. The judge presiding over the case temporarily prevented Arluna from startin
Fuji Parent to Acquire Kestrel…
Advanced Sports, Inc., the owner the SE and Fuji Bikes brands, has reached an agreement to purchase Kestrel Bicycles. Under the agreement, ASI has acquired the rights to the Kestrel brand, trademarks and intellectual property, along with its marketing ass
Vail Expects Strong 2008 on Early Pre Bookings…
Vail resorts finished off their fiscal 2007 with significant improvements to their full-year top and bottom lines in spite of a double-digit decline in Q4 revenues and an increase in the company’s seasonal fourth quarter net loss. Total revenue for the qu
Organic Cotton Production on the Rise…
The latest figures from the Organic Exchange show that the amount of organic cotton produced globally increased 53% from 2005/06 to 2006/07. Current production rates are at 57,931 metric tons, or 265,517 bales, of cotton. The Organic Exchange says that vo
Shareholder Asks Orange 21 to Sell Company…
Thesis Capital has sent a letter to Orange 21 asking management to explore a sale of the company. The letter states that Thesis Capital, as an owner of Orange 21, has “yet to receive a strategic plan for the business.” In the absence of such a plan, the c
Bonfit Acquires Brush-t Outright
Bonfit America, Inc. has acquired the worldwide manufacturing, marketing and distribution rights to the Brush-t, the bristle brush plastic golf tee. Bonfit, which previously held distribution rights throughout North America, has acquired the product outr
PAHR Fairway Essentials to Launch 18 RED Bag Line
The creators of PAHR Fairway Essentials plan to introduce 18 RED, a new, aggressively designed golf and lifestyle gear bag brand. 18 RED is scheduled to debut in January 2008 at the annual PGA Merchandise Show in Orlando, Florida. 18 RED will operate from
Forzani Posts Flat BTS Comps
The Forzani Group Ltd. reported improved sales and flat margins for the fiscal 2008 “Back to School” selling season. Retail system sales for the seven-week period ended September 16, 2007 increased 4.9% over the same period last year. Corporate same store
Yue Yuen 9-Mo’s Revenue Jumps 10.2%
Yue Yuen Industrial (Holdings) Limited saw total turnover rise year-on-year by 10.2% to approximately $3.02 billion for the first nine months of fiscal 2007. Profit attributable to equity holders of the company increased year-on year-by 5.7% to approximat
Bag Boy Names Sales Rep of the Year
Dynamic Brands, the Parent Company for The Bag Boy Company and AMF Golf, named Pat Mason, who handles Bag Boy/AMF sales in the Wisconsin region as the 2007 Sales Representative of The Year for both The Bag Boy Company and AMF Golf respectively…
Finish Line Posts Q2 Net Loss on Paiva Closure Charge
The Finish Line, Inc. recorded a net loss of $1.8 million for the second quarter ended September 1, 2007, after net income of $9.9 million in the year-ago quarter. In diluted earnings per share terms, the company experienced a loss of 4 cents per diluted
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