Author: Thomas J. Ryan

Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699

Penney’s Comps Down 7.2% in February

March 5, 2009 SGB Executive

J. C. Penney Co. Inc. saw comparable store sales decreased 8.8% for the four-week period ended Feb. 28, better than the company’s guidance for a mid-teen decrease. During the same period last year, comparable store sales decreased 6.7%. Total company sale

Ross Stores Posts 1% Comp Gain

March 5, 2009 SGB Executive

Ross Stores, Inc. reported that sales increased 7% to $476 million for the four weeks ended February 28, up from $444 million for the four weeks ended March 1, 2008. Comps grew 1% on top of a 4% gain in the prior year…

Callaway Golf Names Board Member

March 5, 2009 SGB Update

Callaway Golf Co. appointed John F. Lundgren to its board of directors. He will begin serving immediately and will stand for election for a full one-year term at the company's 2009 Annual Meeting of Shareholders in May. The addition of Lundgren expan

New Balance Launches Total Fit Campaign

March 5, 2009 SGB Update

New Balance in mid-March debuted a advertising campaign that incorporates its Total Fit philosophy into its brand's LOVE/hate ad campaign. Print, online and in-store elements will expand on the brand's Total Fit philosophy with messaging around

Hagale Assumes More Responsibilities at Bass Pro

March 5, 2009 SGB Update

Bass Pro Shops President Jim Hagal has assumed more oversight of company operations once run by Bass Pro founder Johnny Morris, according to the News Leader in Springfield, MO. Morris has turned his attention to other interests and projects, according to

Adidas Meets ’08 Goals, Expects Decline In ’09

March 4, 2009 SGB Update

Adidas AG said Wednesday that fourth-quarter net profit more than doubled, thanks to lower taxes and marketing costs, but warned that sales and profit are likely to fall this year. Backlogs on a currency-neutral basis were down 6% for the adidas brand and

Brown Shoe Reports Fourth Quarter Loss

March 4, 2009 SGB Update

Brown Shoe Co. net sales decreased 8.8% in the fourth quarter to $521.0 million compared to $571.4 million in the year-ago quarter. The net loss totaled $153.0 million, or $3.68 per diluted share, inclusive of impairment of goodwill and intangible assets,

Jimmy Jazz Opens Fourth Georgia Location

March 4, 2009 SGB Update

Jimmy Jazz, the urban fashion retailer in the eastern United States, will be opening a 4th store location in the state of Georgia on March 4th in the Peachtree mall, located in the city of Columbus. Other store locations in the market include Morrow, Atla

Foot Locker Swings to Q4 Loss on Charges; Comps Down 7.3%

March 4, 2009 SGB Update

Foot Locker, Inc. sales in the fourth quarter sales slid 11.1% to $1.32 billion from $1.48 billion a year ago. Excluding the effect of foreign currency fluctuations, sales decreased 7.3%. Comparable-store sales decreased 7.3%. Income from continuing opera

Newton Running Names President

March 4, 2009 SGB Update

Newton Running appointed Stephen Gartside as the company’s president. Gartside will run the day-to-day global operations of Newton Running, based in Boulder, and work closely with Newton’s founders, Danny Abshire and Jerry Lee. Gartside has more than 20 y

McGuane Named President of Cannondale North America

March 4, 2009 SGB Update

Jeff McGuane has been appointed president of CSG (Cannondale Sports Group) North America. Formerly president of CSG International, McGuane is now charged with driving the CSG business in North America from its Bethel, CT office. The company also announced

PUMA Names COO

March 3, 2009 SGB Update

PUMA appointed Klaus Bauer as a member of the board of management, effective August 1, 2009, and said he will assume the newly created position of chief operating officer (COO). At the same time, chief financial officer (CFO) Dieter Bock (50), who has b

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