The U.S. House of Representatives managed to pass the budget reconciliation bill just before adjourning for the Holiday. The vote went along partisan lines and narrowly passed by a 217 vote in favor with 215 opposed. 14 Republicans joined all voting Democ
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Liberty Helps VauDe Post Strong Pre-Season…
VauDe is looking at double digit pre-season order increases for the summer 2006 season for both the German and the international market. The strongest growth was reported in the apparel and backpack product lines, but positive pre-season gains were seen i
The Acquisition Environment Heats Up Again…
The pace of acquisitions in the Outdoor, SnowSports, and Action Sports industries appeared to have eased after two years of heavy activity, but just when the tempo seemed to have peaked, a flurry of new deals came through that surpassed what many thought
Shoe Pavilion Names Watanabe as CFO
Shoe Pavilion, Inc. announced the appointment of Neil Watanabe as its EVP and CFO reporting to CEO, Dmitry Beinus. Mr. Watanabe will be replacing John D. Hellmann, VP-finance and CFO, who resigned effective November 21, 2005, in order to remain in Norther
Vital Apparel Acquires InSport International
Vital Apparel has acquired InSport International Inc., a manufacturer of performance running, training, and triathlon apparel. Terms of the transaction between the two privately held companies were not disclosed. The companies see InSport taking advantage
Perry Ellis Appoints President of Action Sports Division
Perry Ellis International, Inc. announced that Seth Ellison has been named president of action sports/active. Mr. Ellison will report to Oscar Feldenkreis, vice-chairman, president, and COO of Perry Ellis International. He will oversee the merchandising,
Shop.org: Cyber Monday Finding Increasing Prominence
A new near-Thanksgiving selling day is rising in importance to retailers. While retailers will continue to monitor store traffic and sales on Black Friday, online retailers have their sights set on Cyber Monday, the Monday after Thanksgiving. According to
NRF Ups Holiday Sales Forecast
The National Retail Federation (NRF) announced that it has revised its holiday sales forecast as a result of a recent flurry of healthy economic indicators including strong October retail sales and falling gasoline prices. NRF now expects total holiday r
Collegiate Pacific Purchases More Sport Supply Shares; Terminates Merger
Collegiate Pacific Inc announced that it has purchased an additional 1.66 million, or 19%, of the outstanding shares of Sport Supply Group for approximately $9.2 million in cash — or $5.55 per share of SSPY common stock from an institutional holder. Coll
Sporting Goods Retailers Take Healthy Momentum into the Holiday Selling Season…
For those that thought the performance business had seen its peak, it was a wake-up call in a week that saw the sporting goods market’s largest full-line sporting goods retailers post solid results that appear to signal a beginning rather than an end to e
Hibbett SG Sees a Nice Lift from Hurricane Katrina…
While the balance of the sporting goods channel is working their way back to profitability after a tough Q2, Hibbett Sporting Goods just kept the momentum going, even indicating a sharp uptick in business from the impact of Hurricane Katrina. While the r
Dick’s SG Finds the Right Formula for the Galyan’s Doors and Outdoor Business…
Dick's Sporting Goods reported its second full quarter since it completed the conversion of the acquired Galyan’s stores to the Dick's Sporting Goods format, and the first since it moved to support those stores with the marketing spend generally
As TSA Gets its Operational House in Order in Q3…
The Sports Authority, Inc. swung to a net profit in the fiscal third quarter ended October 29, but also saw a sharp jump in net income when excluding integration costs of merging the TSA and Gart businesses in the year-ago period. The retailer appears to
Bob’s Stores Continues to Post Expanding Losses…
Bob’s Stores, which was acquired by TJX Companies out of bankruptcy in December 2003, continues to disappoint its new parent. The exodus of TJX and Bob’s senior management continued over the last few weeks after Ben Cammarata, chairman and acting CEO of
GSI Commerce Sees Sales Jump, But Accounting Issues Prevent Translation to Bottom-Line…
GSI Commerce reported that net revenues for the third quarter were $84.9 million, a 24% increase compared to $68.6 million in the same period last year. Product sales from the sporting goods category were $38.1 million, up 28% compared to $29.8 million f
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