Keds announced the launch of Keds Studio, an online customization program that offers consumers the ability to design the graphics for their own original Keds Champions. The Keds Studio program, powered by Zazzle, enables consumers to create original Keds
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Escalade Sports Sees Q2 Sales Fall on Weak Retail Sell-Through
Escalade, Inc. reported revenue for the second quarter dropped 9% to $45.8 million from $50.5 million a year ago. A net loss of $705,000, or 6 cents a share, compared to net income of $2.4 million, or 19 cents, in the prior year. Sporting Goods segment re
Nike Addresses Workers Rights Breaches in Malaysia
Nike said in a statement that it had completed its initial investigation into claims of unacceptable living conditions, withholding of worker passports and garnishing of wages at Hytex, a Malaysian contract factory. Nike said its investigation confirmed s
Q2 Revenues at K-Swiss Drop 16.9%; Futures Down 50.7%
K-Swiss Inc. reported worldwide revenues in the second quarter decreased 16.9% to $85.2 million from $102.5 million. Domestic revenues decreased 32.7% to $36.1 million, and international revenues .increased 0.5% to $49 million. Boosted by a pre-tax gain o
Iconix Signs Direct Agreements with Wal-Mart for Starter/Danskin Now
Iconix Brand Group, Inc. announced that it has signed direct-to-retail license agreements with Wal-Mart Stores Inc., for the company's Starter and Danskin Now brands. Starter, currently distributed at Wal-Mart, will have an expanded re-launch in Wal-
Unifi Returns to Profitability
Unifi Inc. reported net income for the current quarter, including discontinued operations, reached $771,000, or one cent a share, in the second quarter. That compares to a loss of $74.2 million, or $1.23 per share, for the prior June quarter. Net sales we
Big 5 Q2 Profits Plummet on Continued Sales Weakness
Big 5 Sporting Goods reported Q2 revenues fell 4% to $209 million from $217.8 million a year ago. Same store sales declined 7.6%, primarily due to a mid-single digit decrease in customer traffic and continued weakness in the roller shoe product category.
Finish Line Expands Headquarters
The Finish Line, Inc. plans to expand its operations in Indianopolis, including adding more than 180 new jobs over the next five years. It plans to invest more than $34 million, which covers the expansion of its approximate 800,000 square-foot national di
Meryvn’s Gains DIP Financing
Mervyns has received approval from the U.S. Bankruptcy Court for $465 million in interim financing after the department store chain filed for Chapter 11 bankruptcy protection this week. Mervyns says the financing will be used to continue operations and to
Consumer Product Safety Bill Passed by Congress
The Senate on Thursday passed and sent to the White House legislation that bans lead from children's toys and seeks to ensure that chemicals posing possible health problems will not end up on toys and articles that kids chew on and play with. White H
Cannondale’s CEO Steps Down
Matt Mannelly, president and CEO of Cannondale, announced that he will be leaving Cannondale. He has agreed to stay for a transition period until September. Jeff Frehner, president and CEO, of Dorel's Cannondale Sports Group will be assuming all dire
Timberland Posts Q2 Loss; Revenues Decline 6.3%
The Timberland Company reported a second-quarter net loss of $18.9 million, or 32 cents a share, versus a loss of $19.2 million, or 31 cents, a year ago. Revenues declined 6.3% to $209.9 million as declines in casual footwear, Timberland brand apparel and
Garmin’s Outdoor/Fitness Q2 Revenues Jump 54%
Garmin Ltd. reported revenues in its Outdoor/Fitness segment revenue increased 54% to $119 million in the second quarter. The gains were due to the strength of our product introductions in the quarter, including the Colorado series, the Forerunner 405 and
Iconix Announces International Licensees for OP and Starter
Iconix Brand Group, Inc. announced expansion plans for five brands into new territories. The Op brand, currently licensed in a direct-to-retail license agreement with Wal-Mart Stores, Inc., recently launched in Canada in select doors with plans to roll o
Nike Allows Swimmers to Wear Speedo at Olympics
Nike will allow its swimmers to wear Speedo's controversial LZR Racer swimsuit instead of its own suit at the Beijing Olympics. Nike said it felt it was fair to extend the offer it made in June allowing its swimmers to wear Speedo's suit at the
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