American Apparel, Inc. said Ken Cieply, the company’s CFO, has stepped down to pursue other opportunities. Effective immediately, William T. Gochnauer has joined the company as interim CFO…
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Under Armour Title Sponsors HS Baseball Classic
Under Armour agreed to title sponsor the 2008 Under Armour All-America Baseball game, formerly called the Cape Cod High School Baseball Classic presented by Under Armour. The game will be played at Wrigley Field on Sunday, August 17…
Sperry Top-Sider Renews Anglers Sponsorship
Sperry Top-Sider announced its renewed partnership as the official footwear brand for the BoatU.S. National Collegiate Bass Fishing Championship. This partnership shows Sperry Top-Sider's continued support for the fishing market as a whole, with spon
Cheerleading Governing Body Formed
A group of America's leaders in cheerleading announced the formation of the USA Federation for Sports Cheering, which will be known and marketed as USA Cheer. Jeff Webb, the CEO and founder of Varsity Brands Inc, the world's largest cheerleading
Tompkins Promoted to ASR Group Show Director
ASR announces the promotion of Andy Tompkins to Group Show Director and Dan Moylan to ASR Show Director. Both will be taking on larger roles with the Nielsen-owned ASR brand, starting at next week’s ASR Holiday event Tompkins role as Group Show Director w
Adrenalina Posts Loss
Adrenalina, the start-up action sports store, posted a net loss from operations in the first quarter of $2.2 million versus a loss of $1.2 million a year ago. The wider loss is primarily due to a change in focus on retail sales which have lower margins a
Dick’s Q1 Earnings Slide 4%; Comps Down 3.8%
Dick's Sporting Goods, Inc. reported net income decreased 4% to $20.8 million, or 18 cents a share, from $21.7 million, or 19 cents, a year ago. Comparable store sales decreased 3.8% for Dick's Sporting Goods stores and 7.4% for Golf Galaxy. Res
Heelys Promotes Marketing Chief to CEO
Heelys, Inc. said its SVP of marketing Don Carroll was been named president and CEO, effective May 20. Prior to joining Heelys on January 2, 2008 Carroll served as managing director of Vector2Group, a Dallas-based management consultancy firm that he co-f
Modell’s Opens Three Stores
Modell's Sporting Goods opened three stores in tri-state region, including a four-level 33,000 square foot store in Brooklyn on the corner of Fulton Street & Hoyt Street. Other openings included an 19,000 square foot store location in the Palisades M
Hibbett’s Q1 Net Drops 7.8%
Hibbett Sports, Inc. reported sales increased 9% in the first quarter, to $145.8 million f rom $133.8 million. Comparable store sales increased 0.1%. Net income slid 7.8% to $9.4 million, or 32 cents a share, from $10.2 million, or 32 cents, a year ago. T
PacSun Lowers Guidance
Citing “the difficult economic environment and the company's regional exposures to the challenging retail markets of California, Florida, Nevada and Arizona,” Pacific Sunwear of California lowered its earnings outlook for the second quarter and the f
Rocket Dog Acquires European Partner
Rocket Dog Brands LLC acquired Passion Sports, Ltd. and Passion Sports International, Ltd., its European Partner. Passion Sports has been distributing Rocket Dog products since 2001 and now operates in 19 countries. In conjunction with the transaction, P
Collective Brands Reappoints Three Directors
Collective Brands, Inc. said Matthew E. Rubel, its CEO and president; Judith K. Hofer, retail consultant; and Robert F. Moran, president and COO of PetSmart, Inc. were re-elected to the Collective Brands Board of Directors at its annual shareholder meetin
Foot Locker’s Q1 Comps Fall 2.9%
Foot Locker Inc. said first quarter sales decreased 0.5% to $1.31 billion from $1.32 billion. Excluding the effect of foreign currency fluctuations, total sales for the first quarter decreased 3.7%. First quarter comparable-store sales decreased 2.9%. Exc
Foot Locker Amends Credit Line
Foot Locker, Inc. entered into an amended credit agreement with its banks, providing for a $175 million revolving credit facility and extending the maturity date to May 16, 2011, according to a filing with the SEC. The credit agreement also provides for a
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