Peak Sport Products Co., the Chinese sportswear maker and distributor that sponsors seven U.S. National Basketball Association players, may raise as much as HK$1.9 billion ($278 million) in a Hong Kong initial public offering…
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Lululemon’s Q2 Profits Slide as Comps Dip 2%
Lululemon Athletica Inc. reported revenues in the second quarter increased 14% to $97.7 million from $85.5 million a year ago. Sales from corporate-owned stores increased 9% to $85.1 million from $78.3 million although comps were down 2%. Earnings slid 17
NexCen Brands Announces Expansion of Six Franchised Brands in Africa
NexCen Brands, Inc. signed a master franchise agreement with Teixeira Development Group, an Angolan company, for the expansion of the Company's Great American Cookies, MaggieMoo's, Marble Slab Creamery, Pretzelmaker, TAF, and Shoebox New York br
Bakers Footwear Trims Second Quarter Loss
Bakers Footwear Group, Inc. reported that its net loss in the second quarter slid to $1.7 million, or 24 cents a share, from $2.3 million, or 32 cents, a year ago. Sales inched up 0.3% to $43.7 million from $43.6 million a year ago. Comps increased 0.7% v
SGMA Forms European Help Desk
SGMA has launched a new program, the SGMA European Help Desk, designed to assist member companies in improving their competitiveness in the European marketplace…
Affliction Enters Footwear License
Affliction Holdings LLC, the rock 'n roll themed fashion brand, inked two licensing deals with Evolutions Footwear and August Accessories. Evolutions will develop a line of boots, sandals, athletic and sport-casual shoes under the Affliction label, t
Teen Tennis Star’s Success a Boon for Adidas
Adidas AG indicated that revenue and traffic to its miadidas website have both surged five-fold due to the success of American teenager Melanie Oudin's performance at the U.S. Open tennis tournament. Oudin, 17, lost her match Wednesday night to ninth
Gaybo Ltd. To Distribute Wave Sport in the U.K.
Effective September 1, 2009, Gaybo Ltd., current licensee and distributor of Perception kayaks in the U.K., Ireland and Europe, is distributing Wave Sport kayaks in the U.K. Both Perception and Wave Sport are Confluence Watersports brands…
National Trail Day Sees 47% Hike in Events
The American Hiking Society said 2009 was a record breaking year for its 17th annual National Trails Day (NTD) with a 47% increase in the number of events registered from 2008 to 2009…
Interbike Expands Interbike TV with New Video Partners
Interbike announced that a more robust Interbike video services program will be available to exhibitors, retailers and cycling enthusiasts worldwide during the upcoming 2009 Interbike Expo and OutDoor Demo…
Surf Expo Attendance Off 15%
Total attendance numbers at Surf Expo for its August 2009 show were nearly 15% off from September 08, but overall store count remained on par – which continues the trend seen in January 2009 when stores brought less staff to the show. As a result of buyer
Nike Kicks off Football Campaign
Nike introduced a its advertising comprehensive campaign featuring NFL All-Pro players Adrian Peterson, Brian Urlacher, Justin Tuck and Steven Jackson. The campaign, entitled “Prepare For Combat,” features out-of-home marketing, print, online and broadcas
JJB Sports/Sports Direct Investigated for Price Fixing
JJB Sports Plc and Sports Direct International Plc's activities are being investigated by the U.K. Serious Fraud Office in conjunction with the Office of Fair Trade. The SFO and its consumer affairs watchdog are both investigating allegations of frau
Sports Direct Lifts FY Profit Guidance
Sports Direct, the U.K.'s largest sporting goods retailer, raised its full-year profit forecast after a better-than-expected first quarter. Revenue increased 10% in the 13 weeks to July 26, to £375 million ($619 million), with group profit up 4.7% to
Skechers CFO Departs
Skechers USA, Inc. announced that Fred Schneider, its CFO, has informed the company of his resignation from his position in order to pursue other interests. Schneider plans to remain with the company through February 2010 in order to enable an orderly tra
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