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
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
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%…
3N2 Becomes Footwear Sponsor for National Pro Fastpitch
Orlando's 3N2 has been named an official sponsor and footwear provider of National Pro Fastpitch (NPF). As sponsor, 3N2 will be marketed in each NPF ballpark as well as on the ProFastpitch.com website. 3N2 footwear will be made available to all playe
Edmonton’s United Cycle Honored
The Retail Council of Canada (RCC) announced that independent retailer United Cycle, a family-owned and operated business serving Albertans for over 90 years, will be honored with the Visa Ambassador Award at the upcoming STORE Conference in Toronto June
Litigation Settlement Boosts Genesco’s Q1 Earnings
Genesco Inc. reported earnings from continuing operations of $129.9 million, or $5.14 a share, for the first quarter ended May 3 after a pretax gain of $204.1 million, or $4.84 per diluted share, from the settlement of the merger-related litigation with T
WWW Names Brown President of Heritage Brands Group
Wolverine World Wide Inc. appointed William Brown to the position of president of the Heritage Brands Group, effective May 30. The group includes the Harley-Davidson, Caterpillar and Sebago brands…
Sunglass Hut Enters Thailand
Luxottica Group S.p.A. announced that Sunglass Hut, its main sun retail brand, has further expanded its global footprint by entering Thailand. The group has signed a franchising agreement with the privately-held Diethelm Keller Limited that will initially
NSGA: Athletic Footwear Tallies $17.4 Billion in 2007
Retail sales of athletic footwear have surpassed the $17 billion mark for the first time, reaching $17.4 billion, an increase of 2.7% versus 2006, when sales were $16.9 billion, according to the National Sporting Goods Association’s just-released “Sportin
NSGA: Athletic FootwearTallies $17.4 Billion in 2007
Retail sales of athletic footwear have surpassed the $17 billion mark for the first time, reaching $17.4 billion, an increase of 2.7% versus 2006, when sales were $16.9 billion, according to the National Sporting Goods Association’s just-released “Sportin
Nike, NoVo Launch $100M Grant to Help Girls
The Nike Foundation will partner with the NoVo Foundation on a $100 million grant aimed at helping adolescent girls in developing countries. Peter and Jennifer Buffett run the nonprofit NoVo foundation. Peter Buffett is the son of billionaire investor War
Greg Norman Chief Takes Over La Perla
Suzy Biszantz, president and CEO of Greg Norman Collection, formerly owned by Reebok, for seven years, was appointed CEO of La Perla, North America, the Italian-based designer and multi-channel global marketer of luxury intimate apparel and beachwear…
RECALL: Rawlings Helmets
Rawlings Sporting Goods recalled its Rawlings Junior Batting Helmets due to violation of lead paint standards. About 2,300 of the helmets contain excessive levels of lead in the surface paint…
ForeFront Implements Reverse Stock Split
ForeFront Holdings, Inc., the golf accessories firm, has implemented a one-for-five reverse stock split of its common stock. As a result of the reverse stock split, as of the opening of business on May 28, the trading symbol for the company's shares
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal