The U.S. Census Bureau reported that advance estimates of U.S. Retail industry sales for May (which exclude automobiles, gas stations, and restaurants) rose 4.9% unadjusted over last year and 1.5% seasonally adjusted from April. The report estimates that
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Everlast Buyout Deal Sees More Opposition…
Galt Investments on Tuesday became the second stakeholder to say it will vote against Everlast Worldwide Inc.'s $146 million buyout offer because it believes the price for the boxing equipment maker is too low. Galt, which owns about four percent of
American Apparel Revenues Jump 24% in Q1…
American Apparel's Q1 sales climbed 24%, to $73.5 million from $59.3 million last year. Same-store sales rose 17%. Wholesale results were $35.3 million for the 2007 first quarter as compared to $35.5 million for the 2006 first quarter…
Nike and Brooks Settle Logo Lawsuit
Nike Inc. and Brooks Inc have settled a lawsuit over the logo used in its Tailwind collection. Bothell, Wash.-based shoemaker Brooks alleged the Tailwind logo was too similar to its own and filed a suit over trademark infringement and unfair competition.
Callaway Golf Sues Acushnet Parent Over Patents…
Callaway Golf Co. filed a lawsuit against Fortune Brands Inc. The complaint alleges that some of Fortune unit Acushnet Co.'s Titleist and Cobra brand drivers use “breakthrough” inventions patented by Callaway since 2002, according to a lawsuit filed
Dynacraft to Hawk New Bikes…
Bicycle distributor Dynacraft BSC, Inc. has entered into an exclusive licensing partnership with Tony Hawk, who is perhaps best known as a pioneer in the skateboarding business. Hawk has exclusive footwear and apparel licensing deals with Kohl’s departme
Bike Barn Expands Again…
Bike Barn which is touted as Houston's largest independently-owned bicycle dealer with five locations, has added a sixth location with the acquisition of ACME Bicycle Co. and its 15,000-square-foot retail center located in Katy, Tex. Terms of the de
RECALL: Cannondale Mountain Bikes…
Cannondale and the CPSC are recalling about 6,700 Mountain Bicycles with Lefty Speed SL and Lefty Speed DLR Forks. The forks can break during use, causing the rider to lose control of the bicycle, fall and suffer serious injuries.
Cannondale has received
One Year Later: The GoLite / Timberland Deal…
A year after sealing a rather unique acquisition deal, the GoLite/Timberland partnership has more than met expectations, but both sides says they've only started to reach the partnership’s potential. Under the deal announced last year, Timberland pur
Brooks/Nike End Legal Action Over Tailwind Product
Brooks Sports announced that it has now “officially resolved our differences to mutual satisfaction of all parties” in regards to the lawsuit filed against Nike, Inc., Exeter Brands Group, LLC and Payless ShoeSource, Inc., citing significant trademark inf
Balega Names Account Marketing Coordinator
Balega International named Ashley Kelso as account marketing coordinator. In this newly created position, Ms. Kelso will spearhead Balega’s efforts on sales and marketing initiatives that spread the Balega message throughout the United States…
May Retail Sales Rebound, but Market Still Wary…
U.S. retail sales moved back into positive territory in May after an April that was pegged by some as the “worst ever” in quite some time. According to the monthly chain store audit conducted by the International Council of Shopping Centers, May retail s
The Finish Line to Post Q1 Loss on Heavier Promotions, Weak Apparel Business…
The Finish Line, Inc. reported a decline in comp store sales for the fiscal first quarter ended June 2, hurt by a very weak apparel business. Consolidated net sales dipped 0.2% to $288.3 million for the thirteen-week period, while total company same-stor
JJB Sports Sees Difficult YTD Sales from Tough Replica Kit Comparisons…
JJB Sports, the U.K.’s largest chain of sporting goods stores, issued a bit of a warning last week that its sales for the first half of the year will be hurt by the inability to comp against a strong performance in soccer jerseys last year. JJB said that
Forzani Sees Strong Franchise Performance Offset by Flat Corporate Results in First Quarter…
While the winter weather never materialized for many U.S. retailers this year, Forzani experienced too much of a good thing during the fiscal first quarter ended April 29. The weather remained wet and cold throughout much of Western Canada, causing many r
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