Adidas AG settled a trademark-infringement lawsuit accusing Wal-Mart Stores Inc. of copying its three-stripe design on sneakers. Adidas and Wal-Mart filed a joint request on Aug. 29 to dismiss the three-year-old case in federal court in Portland, Oregon.
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Forzani’s Q2 Profits Sink 72.2%
The Forzani Group Ltd. reported net earnings for the second quarter fell 72.2% to C$1.5 million ($1.4 million), or 5 cents per share, compared to the prior year's second quarter of C$5.4 million ($5 million), or 16 cents. Cash flow from operations fo
Junk Food Clothing to Launch NFL Line
Junk Food Clothing has entered into an apparel licensing agreement with the National Football League to create a retro-inspired lifestyle collection. The Junk Food NFL Lifestyle Collection will make its better boutique, specialty store and department stor
Warnaco Names SVP, General Counsel and Secretary
The Warnaco Group, Inc., the parent of Speedo, appointed Jay Dubiner as senior vice president, general counsel & secretary. Mr. Dubiner will oversee the company’s worldwide legal matters in addition to acting as corporate secretary. He will report directl
J.C. Penney August Same-store Sales Down 4.9%
J. C. Penney Company, Inc.'s comparable store sales decreased 4.9% for the four-week period ended Aug. 30, in-line with the company’s guidance for sales to decrease mid-single digits. Women’s apparel and family shoes were the strongest performing mer
Mountain High Knitwear to Make K-Swiss Socks
Mountain High Knitwear, based in Tucson, AZ, has acquired the sock license for K-Swiss. The new high-tech performance line targeted for serious athletes in tennis, running and cross-training rolls out Spring ’09. The K-Swiss collection will offer three di
Kohl’s August Comps Drop 5.8%
Kohl’s Corp reported that sales for the four-weeks ended August 30, increased 2.6% to $1.26 billion from $1.22 billion a year ago. On a comparable store basis, sales decreased 5.8%…
Costco’s U.S. Comps Climb 9% in August
Costco Wholesale Corporation reported net sales increased 12% to $5.41 billion for the month of August from $4.84 billion a year ago. On a same-store basis, sales grew 9% in the U.S. and 6% internationally…
Zumiez’s August Comps Inch Up 0.2%
Zumiez Inc. announced that total net sales for the four-week period ended August 30, increased 13.1% to $53.2 million, compared to $47 million for the four-week period ended September 1, 2007. Comparable store sales increased 0.2% for the four-week period
Collective Brands Profits Jump Before Litigation Charges
Collective Brands, Inc. reported second-quarter EPS rose 42.1% excluding special charges, to $33.6 million, 54 cents a share, from $24.9 million, or 38 cents, a year ago. After including pre-tax expenses of $36.2 million, or 41 cents a share, related to l
Hibbett Announces Departure of Nissan Joseph
Hibbett Sports, Inc. announced that effective immediately, the company and Nissan Joseph, its president and chief operating officer, have agreed to part ways due to philosophical differences. The company intends to begin a search for his replacement…
Brown Shoe names SVP, Finance-Retail
Brown Shoe Company Inc has appointed Tim Meyer as senior vice president, finance-retail division. He will be responsible for strategic retail financial planning and analysis and will serve as a business partner for Brown Shoe’s retail brands, including it
Payless to Raise Money for Hispanic Youth
In celebration of Hispanic Heritage Month, which begins on September 15, Payless ShoeSource has launched the Payless Inspiring Possibilities Program and will join together with its shoppers to raise money to support the future of Hispanic youth…
NexCen Board Member Resigns
Jack Rovner has resigned from the board of NexCen Brands, Inc., the parent of The Athlete's Foot. He was elected director of the company in October of 2006. Rovner is the co-owner and partner of Vector Management, an artist management firm in the mus
Warrior Files $30 Million Lawsuit Against NCAA
Warrior Lacrosse, based in Lansing, MI, and Athlete's Connection Inc., a retailer based in Lansing, MI, has filed a lawsuit against the NCAA seeking damages of more than $30 million they say will be caused under new men's lacrosse equipment rule
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