Fruit of the Loom continues to remove layers of management between CEO John Holland and the operating units at the companies acquired in the Russell Corp. deal. Doug Kelly, who joined Russell Athletic as president in September 2006, is leaving the company
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
February Sees Comps Rise, But Shows Signs of Concerned Consumer
Though the outlook seems to be bleaker for the economy with each passing day, February actually posted modest sales gains for the retail month. Unfortunately, those gains can likely be simply attributable to the increased cost of staples than to any consu
PacSun Continues to Climb Back, Zumiez Posts First Comp Decline Since IPO…
Pacific Sunwear of California, Inc. saw a 7% increase in net sales for the fiscal month of February to $77.6 million from $72.5 million during the same period last year. At the PacSun concept, same-store sales increased 6% during the same period. Also res
Finish Line Posts Q4 Decreases at Both Concepts
The Finish Line, Inc. reported consolidated net sales from continuing operations of $382.8 million for the fourth quarter ended March 1, 2008, down 10.1% from $425.7 million for the year-ago quarter, which included an extra week’s sales…
Genesco-The Finish Line Merger Fight Settled on Eve of Trial…
Nearly nine months after saying they would merge, mall-based retailers Genesco Inc. and The Finish Line Inc. scuttled their ill-fated $1.5 billion merger and the biggest deal to come out of the mall in 2007…
Quiksilver Continues to See Losses From Rossi Business…
Quiksilver, Inc. reported strong sales growth in its softgoods businesses that was more than enough to offset declines in the Rossignol business it is in the process of trying to divest. The company said it is seeing interest in the business and feels it
Famous Footwear Fourth Quarter Profits Fall…
Hurt by lower sales and a highly promotional climate, Famous Footwear's fourth quarter operating earnings fell 40% to $13.4 million from $22.5 million a year ago. On a conference call with analysts, Joe Wood, president, Brown Shoe Retail, noted that
Jarden Sees Savings at K2…
Jarden Corp. is on track to cut $29 million in costs in 2008 thanks largely to cost savings it has identified at K2. That cost cutting, moreover, may even bring assembly or manufacturing jobs back to Mexico or the United States. The company cut $12 millio
Heelys Posts Q4 Loss, Sales Tumble 86%…
Heelys Inc. swung to a fourth quarter loss on higher returns and markdowns, while sales tumbled 86% to $9.8 million from $71.1 million. The $5.5 million loss, or 20 cents a share, included $3 million to increase its reserve for marketing discretionary fun
Iceland’s First Billionaire Sets Sights on Amer Sports…
Helsinki-based Amer Sports is investigating restructuring its board after a London-based investment bank that acquired 20% of the company in late January began pushing for representation on the board. Novator Finland Oy notified Amer Sports March 3 that i
Golfsmith Cuts Expansion Plans on Tough 2007…
Golfsmith saw “weakness across the board in December” lead to widened net losses for both the fourth quarter and full fiscal year as the golf retailer continues to do battle with increased competition, mainly in the form of the PGA Tour Superstores…
Aldila Sees Flat Q4 Sales…
Aldila, Inc. reported that 2007 fourth quarter sales were essentially flat at $17.7 million versus $17.9 million in Q4 2006. Sales of golf shafts were relatively flat and sales of composite materials were 13% higher. There were no sales of hockey products
OGIO Files Suit Against Callaway for Patent Infringement…
OGIO is taking Callaway to task over alleged patent infringement regarding its Woode Club Management system, which was issued patent number 6,877,694 B2 in April 2005. The company filed papers with the State of Utah's Federal District Court on Februa
Messe München Suspends ispo summer; Expands Nielsen Business Media Alliance…
Messe München GmbH last week suspended its ispo summer show until further notice, while broadening its alliance with Nielsen Business Media, the German company said Friday. The company said the changes, which follow defection of many outdoor vendors and
Gildan’s Activewear Gets Boost from Prewett Deal to Bolster Fiscal Q1 Revenues…
Gildan Activewear Inc. reported sales in its first quarter climbed 34.8% to $250.5 million from $185.8 million a year ago. The gain was due to an increase of 92.7%, or US$39.4 million, in sock sales due to the acquisition of V. I. Prewett & Son and new re
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