Thomas J. Ryan | Page 1141 | SGB Media Online

Mervyn’s Faces Liquidity Crisis

July 21, 2008 SGB Update

Mervyn's LLC, the California mid-tier department-store chain, may be forced to file for Chapter 11 bankruptcy protection as some of its vendors have halted shipments to the company and key lenders have pulled financing, according to published reports

Shoe Pavilion Looks to Close 71 Doors

July 21, 2008 SGB Update

Shoe Pavilion, Inc., which filed for bankruptcy last week, is seeking court approval to close 71 of its 113 stores. According to documents filed in the U.S. Bankruptcy Court for the Central District of California, the off-pricer, based in Sherman Oaks,

Surf Expo to Start One Day Earlier

July 21, 2008 SGB Update

The January 2009 edition of Surf Expo will open one day earlier and will close on Saturday, January 17, instead of the traditional Sunday close. The move responds to a request of several anchor exhibitors in the boardsports category. These exhibitors rece

DSW Opens Store in Cherry Hill, NJ

July 21, 2008 SGB Update

DSW will open a new store in Cherry Hill, New Jersey on July 24. The 17,000-square-foot store will be the 15th DSW location in the Philadelphia, and the 273rd overall…

Polartec Names NA Marketing Manager

July 18, 2008 SGB Update

Polartec, LLC named Allon Cohne as its new North American Marketing Manager. Cohne will oversee the domestic marketing and communications for the Polartec brand. Cohne comes to Polartec from Kirkwood Mountain Resort in Lake Tahoe, CA, where he was Directo

Nike Pulls Air Stab Shoes from U.K. Stores

July 17, 2008 SGB Executive

Nike has pulled a range of shoes called Air Stab from its U.K. stores after a spate of fatal knife attacks across the country. The shoes, a limited-edition retro range from 1988 relaunched two years ago, also carry the logo Runnin' 'n' Gunn

Under Armour Does First Co-op TV Effort with TSA

July 17, 2008 SGB Executive

Under Armour reportedly is doing its first co-op national TV effort with The Sports Authority in an ad on ESPN featuring the Chicago Bear's kick return specialist Devin Hester. Much of Under Armour's recent television marketing push behind its n

JanSport Names Director of Collegiate Sales

July 17, 2008 SGB Executive

VF Outdoor, Inc. named Paul Sline Director of Collegiate Sales, JanSport. Sline most recently worked for Stride-Rite and Reebok, and has over 20 years of sales experience. As director of Collegiate Sales for JanSport, Sline will have responsibility of gro

Collective Brands Names SVP, Human Resources

July 17, 2008 SGB Executive

Collective Brands, Inc. appointed Betty Click as SVP, human resources for the company, effective August 3. Click succeeds Jay Lentz, who served in the role since 2001, and who will retire August 1 after more than 20 years of service in various HR roles fo

Callaway Sees 8% Q2 Profit Gain

July 17, 2008 SGB Executive

Callaway Golf Co. said it expects second quarter diluted earnings per share to range from 56 to 58 cents a share, an increase of approximately 8% compared to 53 cents earned in the second quarter of 2007. These results include after-tax charges of 5 cents

Callaway Golf Sees Q2 Profit Gain Despite Sales Decline

July 17, 2008 SGB Executive SGB Update

Callaway Golf Co. said it expects second quarter diluted earnings per share to range from 56 cents to 58 cents a share, an increase of approximately 8% compared to 53 cents earned a year ago. Sales are expected to fall 3.7% to $366 million from $380 milli

Finish Line Reinstates Quarterly Dividend

July 17, 2008 SGB Update

The Finish Line, Inc. has reinstated the quarterly cash dividend program with a 20% increase to 3 cents per share of Class A and Class B common stock. The first quarterly cash dividend will be payable on Sept. 15, to shareholders of record on Aug. 29. The

Play It Again Sports Parent Posts Q2 Gains

July 17, 2008

Winmark Corp., the parent of Play It Again Sports, reported net income for the quarter ended June 28 nearly doubled to $930,500, or 17 cents a share, from $430,500, or 58 cents, a year ago. Revenues grew to $8.7 million from $7.6 million. Of those revenue

PacSun Board Member Resigns

July 16, 2008 SGB Executive

Pacific Sunwear said that on July 14, 2008, Julius (“Reb”) Jensen III resigned from its board of directors to pursue other personal interests. According to a filing with the Securities & Exchange Commission, Jensen's decision to resign was not the re

Judge Delays Steve and Barry’s Auction Date

July 16, 2008 SGB Executive

Steve & Barry's has delayed its auction date to August 12. The retailer, which filed for bankruptcy on July 9, originally was looking to sell the company's assets at an auction on July 29, but the bankruptcy judge presiding over the case, Judge