Author: Thomas J. Ryan

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

Nike Increases Quarterly Dividend by 9%

November 21, 2008 SGB Update

Nike's board of directors has declared a regular quarterly cash dividend of 25 cents per share on the company’s outstanding Class A and Class B common Stock. On an annual basis, this is an indicated rate of $1.00. The 25 cents per share quarterly div

Profits at Shoe Carnival Drop 38.1%

November 20, 2008 SGB Executive SGB Update

Shoe Carnival, Inc. reported net earnings in the third quarter fell 38.1% to $2.6 million, or 21 cents a share, from $4.2 million, or 33 cents, a year ago. Sales slid 2.2% to $170.1 million from $173.9 million with comps down 5%…

Dick’s Sporting Goods Lowers Q4 Guidance

November 20, 2008 SGB Executive SGB Update

Dick's Sporting Goods, Inc. reported third quarter earnings slumped 24.6% to $9.2 million, or 8 cents per diluted share, from $12.2 million, or 10 cents, a year ago. The third quarter earnings per diluted share are at the top end of earnings guidance

Jarden Corp Adopts Stockholder Rights Plan

November 20, 2008 SGB Executive SGB Update

Jarden Corporation said its Board of Directors approved the adoption of a stockholder rights plan. The company said the adoption of the plan is “not in response to any current accumulation of shares or specific effort to acquire control of Jarden, but rat

Perry Ellis’ Q3 Revenues Slip 2.1%

November 20, 2008 SGB Executive SGB Update

Perry Ellis International's sales slid 2.1% to $222.8 million from $227.5 million a year ago. Strong results for the Perry Ellis brand, denim, golf and Hispanic categories coupled with better than expected results in international and licensing busin

Warnaco Lays Off 45

November 20, 2008 SGB Executive SGB Update

Warnaco Group Inc. announced a cost-cutting plan on Wednesday that includes eliminating about 45 corporate jobs and reducing capital expenditures. At a conference hosted by Morgan Stanley, Warnaco chief executive Joe Gromek said the company's first r

Skins Closes Private Placement

November 20, 2008 SGB Update

Skins Inc., the developer of interchangeable footwear, has accepted subscription agreements for private placement units totaling $811,968 of which $475,000 cash proceeds have been received, $83,218 is derived from offsets against Board fees and consulting

Steve and Barry’s to Liquidate

November 20, 2008 SGB Update

Steve & Barry's has filed for bankruptcy protection a second time, less than five months after its initial filing, with a plan to fully liquidate. According to the company's Chapter 11 petition filed late Wednesday in Manhattan, the 276-store re

Hanesbrands to Lay Off 395 Jobs

November 19, 2008 SGB Update

Hanesbrands Inc., the parent of Champion, said it will trim 210 management and corporate positions to reduce costs, and also plans to close a China Grove, N.C., yarn plant by the end of the year, affecting another 185 employees. Hanesbrands has about 48,6

Genesco Lowers Guidance on Eroding Sales

November 19, 2008 SGB Executive

Genesco said it expects earnings from continuing operations between $9 million and $9.5 million, or 41 cents to 43 cents a share, in the third quarter. That's up from the $5.6 million, or 23 cents a share, after restructuring charges last year, but

Report: Steve and Barry’s to Liquidate

November 18, 2008 SGB Update

Steve & Barry's LLC is set to announce this week it will go out of business, according to a report in the Wall Street Journal. Bay Harbour Management LC, the private-equity firm based in New York that acquired 175 of the stores less than three months

Sport-Haley Posts Loss; Revenues Slide 18%

November 18, 2008 SGB Update

Sport-Haley, Inc. reported net sales of fashion apparel decreased 18% in the third quarter ended Sept. 30, to $2.84 million from $3.41 million. The decrease for the comparative three-month periods was primarily comprised of decreases in net sales of Spor

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