Johnson Outdoors Inc. completed an amendment to its existing debt agreements. Among other items, the amendment provides for greater flexibility with respect to financial metric covenants through the end of the company's 2009 fiscal year…
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
L.L. Bean Plans Layoffs
L.L. Bean is considering a company restructuring, cost cutting and layoffs to deal with a double-digit drop in sales over the holiday period. In an e-mail to employees first obtained by the Times Record newspaper in Maine, Chris McCormick, president and c
E-Commerce Sales Drop During Holiday Season
Online sales for the holiday period from Nov. 1 to Dec. 23 fell 3% versus the prior year, marking the first decline in online spending since comScore started tracking online sales in 2001. Online spending of $25.5 billion during the period were below comS
Deckers Sponsors Rincon Surf Classic
Deckers has signed on as title sponsor with Surf Happens for Santa Barbara County's oldest surfing competition, The Rincon Classic. This annual event will take place at Rincon Point on Saturday and Sunday January 17 & 18, 2009. The event, with over $
Foot Locker Inc. Faces Another Card Lawsuit
Foot Locker Inc. was hit by another lawsuit involving its gift cards. The complaint filed in the Superior Court of the State of California for the County of San Bernardino alleges that the retailer illegally sold pre-paid gift cards that are not redeemabl
Atlanta Falcons Close Fan Stores
The Falcons 365 stores, owned by The Atlanta Falcons, will close Dec. 31, according to the Atlanta Business Chronicle. The store at the Perimeter Mall opened in summer 2005 while the Lenox Square store opened in October 2005…
Steve and Barry’s Founders Accused of Fraud
Manhattan landlord Jeff Sutton filed a lawsuit claiming Steven Shore and Barry Prevor, co-founders of clothing and accessories chain Steve & Barry's, misallocated the $1 million Sutton paid them in May to install escalators and elevators in their sto
U.S. Consumer Confidence Hits Record Low
U.S. consumer confidence fell to an all-time low in December after a moderate increase last month. The Conference Board said its index of consumer confidence for December moved to 38.0 compared with a revised reading of 44.7 in November. November's r
Italy Honors Fila Korea’s CEO Gene Yoon
FILA Korea CEO Gene Yoon received the Knight of the Order of the Merit of the Italian Republic at the 3rd Annual Korea-Italy Forum on December 12th. According to a statement, the Knight of the Order of Merit of the Italian Republic is “one of the highest
Cloudveil Names New Director of Product
Cloudveil hired Lynn Moore as its new Director of Product. Moore, 35, has worked in senior development and merchandising roles at Spyder Active Sports for the past 10 years. Prior to Spyder she was a Product Developer at Pearl Izumi…
Vendors May Have Seen Last Gains for a While…
When reviewing vendor sales results from the third quarter the market looked like it still had a bit of life when the economic woes centered on higher fuel prices and the housing implosion had yet to reach Wall Street. This may be the best quarter the ma
Census Bureau: October Sporting Goods Sales Off 2.3%…
The Monthly Retail Trade Survey reported sales in sporting goods stores of $2.60 billion (preliminary) for October 2008, a 2.3% decline from $2.66 billion in October 2007, said the NSGA. The trade organization noted that this is the first time sales have
STX Files Suit Against Reebok for Patent Infringement…
STX L.L.C., the Baltimore-based lacrosse company, has filed a patent infringement lawsuit against Reebok International Ltd. According to the complaint filed in the U.S. District Court of Maryland, STX claims Reebok has infringed on one of its patents by m
Court Denies Acushnet’s Appeal in Pro V1 Litigation…
A three judge panel of the United States Court of Appeals for the Federal Circuit last week denied a request by The Acushnet Company to stay a permanent injunction to stop sales of infringing Titleist Pro V1 golf balls…
Former Circle Systems Group President Pleads Guilty in Fraud Case…
David Drill, the former president of Circle Systems Group Inc., the sports equipment refurbishing company, admitted Tuesday to submitting phony quotes and giving gifts to athletic directors, equipment managers, trainers and coaches in return for business,
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