A Wall Street analyst’s report released this week suggests that Nike, Inc. may soon announce the company’s intent to open their own mall-based specialty stores. The report from Susquehanna Financial Group said that they had been able to verify, primarily
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
G.I. Joe’s to Sell Controlling Stake to P.E. Firm…
Northwest sporting goods retailer G.I. Joe’s, Inc. has signed an agreement with Gryphon Investors, a San Francisco-based private equity firm to complete a transaction that enables current shareholders to take some cash out of the company, while providing
Brunswick Corp. Sees Bowling and Billiards Weakness in Fourth Quarter…
Brunswick Corporation had declines in its marine business sway overall results, which was compounded with a decrease in the bowling and billiards business; though the bowling and billiards decline was more then offset by top-line gains at fitness. For th
Acushnet Golf Narrows Q4 Operating Loss…
Fortune Brand’s Acushnet Golf division posted another strong quarter to end the fiscal year, with sales up 7.9% to $217.6 million in the fourth quarter, compared to $201.6 million in the year-ago period. The operating loss improved by 25.0% for the perio
Sunglass Hut Parent Sees Q4 Sales Rise 6.8%…
Luxottica Group S.p.A., the parent company of Sunglass Hut and Ray Ban, posted its fourth consecutive year of double-digit sales growth for fiscal 2006. The company saw gains in both its wholesale and retail distribution channels with wholesale growing at
Swedish Group to Acquire Time4
Bonnier AB, a family-owned media group based in Sweden with operations in more than 20 countries and a particular focus on northern Europe, has reached an agreement to purchase Time4 Media and The Parenting Group, from Time Inc. The combined operations ha
VF Corp. Sells Intimates Business to Fruit of the Loom…
VF Corporation has signed a definitive agreement to sell its global intimate apparel business to Fruit of the Loom, Inc., a subsidiary of Berkshire Hathaway, Inc. for $350 million in cash. The agreement is subject to government approvals and customary clo
NRF: Half of Gift Cards Not Yet Cashed In…
According to an NRF survey, conducted by BIGresearch, shoppers said they had spent less than half of the value of their gift cards (37.3% on average) by the second week in January. Though gift cards were expected to be a common holiday gift, they were ev
The PGA Show Demonstrates the New Faces of Golf…
The golf industry is in flux with an infusion of new technologies, aesthetics, and styles creating a series of dichotomies in the marketplace. Apparel vendors are offering multiple lines with one focused on the technical and the other on the traditional.
Antigua Licenses Slazenger Name for Apparel…
The Antigua Group, Inc. signed a license agreement to design and distribute apparel and accessories under the Slazenger brand in the United States and Canada. The agreement calls for distribution in the Green Grass and upscale corporate segments of the in
ASR Show Sees Urban Offset Mountain…
This show was not as well attended as in previous years. There however does not seem to be a slowdown in business in the Skate/Surf space. The overlap of the SIA.07 show and the Outdoor Retailer Winter Market likely pulled winter sports merchants elsewher
Head NV Sees Regional Shift in Wintersports Growth…
Despite a slowdown in sporting equipment sales, Head NV said that customer loyalty has enabled them to drive growth.
Head reported increases in all its product groups with a total of 601,000 pairs of alpine skis sold in 2006, up 5% on 2005; a 4% increase
Black Diamond Wins REI Vendor of the Year…
During an awards ceremony at the 2007 OR Winter Market, REI honored Black Diamond as their 2007 Vendor of the Year, citing the company’s innovation in new climbing equipment testing standards as well as their products. The camp/travel division winner was
SIA.07 Show Sees Resilient Energy…
With frighteningly warm weather impacting the entire east coast and a very late start to the season in California, SIA.07 could have been a depressing event, but the market in attendance appeared to shrug off the issue and drive pretty positive energy on
Commodity Prices Hurt Unifi’s Q2
Unifi experienced a significant decline in commodity-based, partially oriented yarn (POY) during the company’s fiscal second quarter, which ended in December. These lower volumes in September and October were caused by higher commodity prices, which slowe
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