Author: Thomas J. Ryan

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

Phoenix Footwear CEO Resigns

February 16, 2009 SGB Update

Phoenix Footwear Group CEO Cathy Taylor and Chief Financial Officer Doug Ford stepped down from their positions. The company has also restructured its operations, eliminating 17 positions for an annual cost savings of approximately $2.5 million. These red

IPATH Sponsors Jamaican Surf Team

February 16, 2009 SGB Update

The Jamaica Surfing Association has attracted a sponsorship deal from IPATH, a footwear brand owned by Timberland. The contract which will run for two years in the first instance with a value in excess of a million Jamaican dollars per year includes cash,

Killerspin Signs India’s Table Tennis Champion

February 16, 2009 SGB Update

Shareth Kamal Achanta (Kamal), one of the world's top international table tennis champions, has agreed to an exclusive endorsement contract with Chicago-based Killerspin. Kamal, 26, is a native of Tamilnadu, India, and distinguished himself as the on

The Finish Line Tests New Urban Concept

February 14, 2009 SGB Executive SGB Update

The Finish Line Inc. plans to test a new concept called Decibel that eventually could replace its Man Alive chain, according to the Indianapolis Business Journal. The retailer is rebranding four Man Alive stores for an April launch and is remerchandising

City Sports Opens Flagship in Manhattan

February 13, 2009 SGB Executive SGB Update

City Sports announced the opening of a high-profile flagship store in the heart of Manhattan at Rockefeller Center, 64 West 48th Street, between 5th and 6th Avenues. The retailer said the opening underscores “the company's growth strategy and commitm

REI FY08 Profits Plunge 65%

February 12, 2009 SGB Executive SGB Update

REI announced plans to eliminate 61 full-time jobs, mostly at its Kent headquarters and Sumner distribution center, due to a “significant business slowdown in the final months of 2008 and continued projected weakness in 2009.” Net income tumbled 65% to $1

OGIO Mourns Passing of Jeremy Lusk

February 12, 2009 SGB Executive

Professional freestyle motocross rider Jeremy Lusk, 24, died Monday night after receiving a brain injury in a Feb. 7 crash at the X Knights event in San Jose, Costa Rica. Sponsor OGIO called Lusk “a consummate athlete, professional, and moreover, friend a

Retail Sales Rise 1% in January

February 12, 2009 SGB Executive

According to the Commerce Department, retail sales increased 1% in January over the prior month. The gain reversed a six-month decline and marked the biggest increase in 14 months…

Twins ’47/Banner ’47 Strengthens Sales Force

February 11, 2009 SGB Update

Twins '47 headwear and Banner '47 apparel, formerly Twins Enterprise, Inc., have added two key sales representatives to oversee key territories. The new reps will cover Illinois, Indiana, Michigan, Ohio and Wisconsin…

Everlast Partners with Muhammad Ali

February 11, 2009 SGB Update

Everlast announced a worldwide licensing agreement with Muhammad Ali Enterprises LLC, timed to Everlast's centennial anniversary in 2010 and the 50th anniversary of Muhammad Ali's Olympic gold medal performance. The licensing agreement will cent

GSI Commerce Posts 16.8% Q4 Sales Gain

February 11, 2009 SGB Update

GSI Commerce reported fourth-quarter revenues grew 16.8% to $391.4 million from $335.1 million. Net revenues from product sales grew 9.8% to $244.8 million from $223 million while service fee revenues jumped 32% to $146.6 million from $112 million…

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