The Forzani Group Ltd. issued a response to a recommendation by proxy advisor RiskMetrics Group regarding a proxy contest for the election of directors at FGL's annual meeting on June 10, 2009. RiskMetrics recommended that shareholders vote for six o
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Golf Rounds Slip in April
At the nationwide level, April 2009 golf rounds were down -1.6% and days open were nearly flat at -0.4% compared to April 2008, according to PerformanceTrak. The number of weekend days in April 2009 were the same as in April 2008. YTD rounds played are d
Apparel Plants Largely Unaffected By Honduran Earthquake
The 7.1-magnitude earthquake that struck Honduras on Thursday appears to have largely spared the major apparel plants operating in the region. Fruit of the Loom, Gildan Activewear and Hanesbrands all reported only minor damages to their facilties and no s
Brunswick Corp Expands Payment Protection Promotion
Responding to grassroots dealer and consumer sentiment, Brunswick Corp. said it is expanding its Payment Protection promotion, which will make the monthly boat payments for those buyers who may unfortunately lose their jobs due to current economic conditi
Broder Bros. in the Red as Q1 Revenues Slump 22.9%
Broder Bros. reported first quarter 2009 net sales were $151.7 million, down 22.9% to $196.7 million a year ago. The loss from operations was $6.9 million compared to a loss of $3.9 million a year ago. The net loss was $14.8 million compared to $13.3 mill
Perry Ellis’ Q1 Sales Drop 9.7%; Swimwear Sales Grow
Perry Ellis International, Inc. reported first-quarter revenues fell 9.7% to $220.0 million compared to $243.5 million a year ago, but its core sports brands delivered gains. Strong performance of its golf brands at department and mid-tier stores increase
Dorel’s CEO Upbeat at 2010
Dorel Industries Inc. President and CEO, Martin Schwartz, told shareholders attending its annual meeting that Dorel's products have traditionally been resilient in recessionary times. Despite current and past difficult economic times, consumers have
Eddie Bauer to Issue Warrants to Creditors
Eddie Bauer Holdings, Inc. said it has executed an amendment to its $225 million term loan agreement including an agreement to issue to its lenders $0.01 exercise price warrants exercisable for 19.9% of the company's common stock on a fully-diluted b
Gildan’s Facilities Mostly Unaffected by Honduran Earthquake
Gildan Activewear Inc. confirmed that the earthquake which occurred early this morning in Honduras has caused “negligible damage” at its manufacturing facilities. It said its facilities, operations, production and supply chain, including normal access to
Frabill Acquires Snosuit
Frabill Inc., known for its ice fishing products, has acquired Snosuit, LLC, the manufacturer of performance winterwear. Terms were not disclosed. Snosuit founder Chris Leonard will stay on to guide Snosuit's research and development process…
Vasque Creates Project Thanks to Preserve Trails Nationwide
Vasque, the outdoor footwear manufacturer, announced the creation of its newest initiative to help protect and preserve trails nationwide: PROJECT Thanks. The program is aligned with every race series within its event-marketing program, the Vasque PROJECT
Heelys’ Board Members Resign Over Failed Merger Talks
Heelys Inc. said Roger Adams and Richard Middlekauff had resigned from its board of directors because the company had terminated discussions regarding a possible sale. Skechers had made a bid to acquire the company. In a filing with the Securities & Excha
Top-Ranked Triathlete Endorses Spira
Spira Footwear said 3-time Olympian and top-ranked triathlete Hunter Kemper has signed on to endorse Spira shoes. Kemper, who in addition to having a world No. 1 Triathlete ranking, is a 3-time Olympian, 6-time National Champion, Lifetime Fitness Triathlo
CardioVision Hires General Manager
CardioVision, a provider of audio/video products and services to the fitness industry, has expanded their team with the hiring of Chris Pietsch. Pietsch has spent the last 6+ years working in management roles with Nautilus Inc. and Johnson Health Tech…
Brown Shoe Posts $7.6MM Q1 Loss, Famous Footwear’s Comps Off 4.9%
Brown Shoe Co., the parent of Famous Footwear, reported a loss of $7.6 million, or 18 cents a share, in the first quarter. Sales declined 2.8% to $538.7 million from $554.5 million in the year ago quarter. Famous Footwear net sales were $317.6 million, a
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