Johnson Outdoors Inc. announced plans to restructure and downsize the company's workforce by 50 positions in Binghamton, New York operations due to continued significant declines in military sales. The company has formally notified affected employees
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Sport Chalet to Sponsor the Lakers
Sport Chalet, Inc. announced it has inked an exclusive sponsorship agreement with the Los Angeles Lakers. The three-year agreement makes Sport Chalet the “Official Sporting Goods Retailer of the Los Angeles Lakers” commencing with the 2008-09 season and r
Gander Mountain Loses $24.4 Million in Q1
Gander Mountain Co. reported sales climbed 18.2% to $207.7 million for the first quarter ended May 3, 2008. Comps decreased 6.7% in the first quarter. The 2008 period includes $19.7 million in direct marketing revenue due to the acquisition of Overton
DSW Officially Launches E-commerce Site
DSW Inc. officially launched its e-commerce site, DSW.com. The company said the site com features more than 2,000 styles. The site offers the hottest trends from more than 175 well-known brands and continues to add more. For a limited time, DSW Rewards me
Sports Chalet Posts $2.8 million Q4 Loss
Sport Chalet, Inc. reported sales decreased 1.1 % in its fourth quarter ended March 30, to $96.8 million from $97.8 million a year ago. The net loss for the fourth quarter was $2.8 million, or 20 cents a share, compared to net income of $881,000, or 6 cen
Lululemon Athletica Re-explains Lower Guidance
Lululemon Athletica Inc. provided further information regarding the items driving the earnings per share guidance revision for fiscal 2008. As announced after the market close on Monday, the company now expects earnings per share to be between 68 to 71 ce
Patagonia’s Crooke Joins Hot Topic
Michael Crooke, former CEO of Patagonia and Pearl Izumi, has become president of Hot Topic, the teen chain. Crooke will oversee all elements of the Hot Topic brand including music, merchandising, planning and allocation, marketing, store design and visual
Reebok Forms Argentina Joint Venture
The adidas Group and Brazilian shoe company Vulcabras S.A. have agreed to form a joint venture company to distribute Reebok footwear, apparel and accessories in Argentina. Adidas said the transaction does not affect sales and profitability expectations fo
FINIS Names VP of Sales
FINIS, the maker of swimwear products based in Livermore, CA, named Byron Dana Lindstrom as its VP of sales. Previously, he was EVP of sales with ACCUSPLIT…
Lululemon Doubles Profits; Slightly Lowers Guidance
Lululemon Athletica said its first-quarter profit more than doubled, but slightly lowered its forecast for the the year due to incremental hires and other strategic initiatives. Earnings for the 13-week period, ended May 4, rose to $8.48 million, or 12 ce
Lululemon Names EVP of Sourcing
Lululemon Athletica Inc. appointed Sheree Waterson as EVP of General Merchandise Management and Sourcing. In this role, Waterson will oversee lululemon's Merchandise Management, Global Production, Community Legacies and Visual Merchandising. Waterso
Class Action Lawsuits Filed Against NexCen Brands
Two law firms have filed class action lawsuits against NexCen Brands, the owner of The Athlete's Foot, alleging the company violated securities laws. On May 19, NexCen said due to liquidity issues, “there is substantial doubt about its ability to con
Garmin Acquires Belgium/Luxembourg Distributor
Garmin Ltd. completed the acquisition of Formar Electronics N.V./S.A., the distributor of Garmin's automotive, outdoor recreation, fitness and marine products in Belgium and Luxembourg. The company will be renamed Garmin Belux N.V./S.A. and will reta
Jockey Closes Plant
Jockey International, Inc. announced that it will close their knitting plant in North Carolina. The plant is located in Cooleemee and employs 210 people. Jockey will cease operations at the plant by the end of March 2009. Jockey will provide severance pay
Shoe Carnival’s Q1 Profits Drops 34.2%
Shoe Carnival, Inc. reported earnings fell 34.2% in the first quarter ended May 3, to $4.8 million, or 38 cents a share, from $7.3 million, or 53 cents, a year ago. Sales slid 2.2% to $162.1 million from $165.7 million with comps decreasing 4.9%…
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