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
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
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
Phelps Donates Speedo’s $1M Bonus to Charity
Olympic Gold Medalist Michael Phelps announced the establishment of the Michael Phelps Foundation and made his first donation by committing the well-publicized $1 million bonus he will receive from Speedo for winning eight gold medals in Beijing. The Foun
Winmark Hires CFO
Winmark Corp, the parent of Play it Again Sports, announced the appointment of Tony Ishaug as the chief financial officer. Ishaug was recently chief financial officer and chief operating officer of the Department 56 division of Lenox Group, Inc. He has se
Acushnet Plans Ball Plant in Asia
The Acushnet Company plans to produce its top-selling Titleist Pro-V1 golf balls at a factory somewhere in Asia within 3 to 5 years. Domestic production of the Pro-V1 eventually will be trimmed about 20 percent and an estimated 100 jobs will be eliminated
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