Phoenix Footwear Group, Inc. reported net sales for the fourth quarter increased 60.2% to $33.2 million, compared to $20.7 million for the fourth quarter a year ago. The strong top-line performance during the quarter was driven by “robust” growth from the
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Bernard Lacoste Passes Away
Bernard Lacoste, former president and honorary president of Lacoste S.A., passed away peacefully in Paris, on March 21, 2006, dut to a fatal brain hemorrhage following a serious illness which struck him in early 2005. This illness led him to transfer the
Cabela’s Plans Adairsville, GA Store
Pending a vote on legislation before a committee of the Georgia General Assembly, Cabela's plans to open an approximately 165,000 square-foot retail showroom that could be completed as early as fall 2007 in Adairsville, Georgia. The store would be Ca
Perry Ellis Posts Record Year; Swimwear Hurts Sales
Perry Ellis International, Inc. saw record revenues of $849.4 million for the fiscal year, up 29.4% over the $656.6 million reported for the comparable period a year ago. The company's fiscal 2006 revenue includes a 30% increase due primarily to the
Nike Sees Q3 Revenues Increase 9%; Net Jumps 19%
Nike, Inc. reported that third quarter revenues increased 9% to $3.6 billion from $3.3 billion for the same period last year. Currency exchange rate fluctuations reduced revenue growth by three percentage points. Net income grew 19% to $325.8 million from
GSI Commerce Awarded $3.75 mm in Grants from PA
GSI Commerce Inc. received grants totaling approximately $3.75 million from the Commonwealth of Pennsylvania earmarked for economic development and employee job training. Approximately $3 million of the grants came from the Redevelopment Assistance Capita
WESC Partners with Nokia
Nokia Scandinavia and WESC have joined forces to launch a special edition of the new music-mobile Nokia 3250. The Nokia 3250 WESC Limited Edition will be manufactured in 500 copies and is designed by WESC…
adidas Adds Nano-Tex to Youcum Line
adidas has tapped Nano-Tex to add its Coolest Comfort moisture management treatment to shorts and pants in its Yocum activewear line. The treatment is a quick-acting moisture wicking fabric enhancement which pulls perspiration away from the skin to keep t
SIMA Honors McKnight, Johnson, and Kekai at Waterman’s Weekend
The Surf Industry Manufacturers Association (SIMA) will honor Quiksilver CEO Bob McKnight as Waterman of the Year, surfer and singer Jack Johnson and his wife, Kim, as Environmentalists of the Year, and legendary Waikiki Beach Boy Rabbit Kekai with the Li
Athletic Footwear Has Watershed Year in 2005…
After nearly a decade of growth that barely kept up with inflation, 2005 was a watershed year for athletic footwear. Total sales were up in the low-teens, or low-singles on a comp basis, the best increase since the mid-90’s. Another note of good news wa
Golfsmith Files for IPO; Look for ‘GOLF’ on a Ticker Near You…
Golfsmith International Holdings, Inc., last week filed an S-1 registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock. The company, which expects to trade on the NASDAQ u
Under Armour Promotes Two; Adds Two…
Under Armour, Inc. promoted two key senior executives and added two to the company's management team in the hopes of effectively positioning the business for long-term growth in both domestic and international markets.
Wayne Marino was promoted to E
Ron Jon Eyes Canada for Growth Opportunity…
Ron Jon Surf Shops plans to license six shops across Canada in a deal with Filmar Corp., who also is a Canadian licensee of the O'Neill surfwear brand as well as the parent company to Bula Headwear. Ron Jon as licensor will receive a percentage of al
Shoe Carnival Puts Strong Year to Bed on Execution of Change in Model…
Shoe Carnival, Inc. is reaping the rewards of the changes they have made to their business model over the last 18 months, changes that have enabled them to take advantage of the improving trends in the footwear business. Management sees the opportunities
Zumiez Inc. Sees 20% Annual Square Footage Growth Continuing; Eyes 800 Doors…
Zumiez finished off its first fiscal year as a public company with some considerable growth in nearly every metric. When the action sports retailer first went public, it stated that its annual goal was 30% earnings growth, 20% square footage growth, and a
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