TJX Cos. Inc. recorded an impairment charge of $5 million, after tax, or one cent a share, related to Bob's Stores. The impairment charge relates to certain long-lived assets and intangible assets at Bob's Stores and represents the excess of rec
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Founding Family Members Buy Carron Net
Carron Net Co., a manufacturer of nets used for volleyball, basketball, tennis, soccer and other sports, announced that the fourth generation of the founding family will acquire president William E. Kiel, Sr.'s ownership in the company. Acquiring Kie
ECCO Names Guest and Maymann to Key Golf Division Roles
ECCO appointed Stefan Guest and Thomas Maymann to the key positions of Lead Footwear Designer and Technical Product Manager, respectively, within its global Golf Division. In these new positions, Guest and Maymann will work closely with other senior team
Foot Locker Hikes Dividend by 20%
Foot Locker, Inc. declared a quarterly dividend of 15 cents a share, paybable May 2 to shareholders of record as of April 18. This dividend represents a 20 percent increase over the company's previous quarterly per share amount and is equivalent to a
Steve Madden’s Profits Tumble 53.2%
Steven Madden, Ltd. reported Q4 earnings decreased 53.2% to $4.7 million, or 23 cents a share, from $10 million, or 45 cents, a year ago. Sales slid to $102.7 million from $114.1 million, reflecting the weak economic environment as well as the absence of
Reebok Launches Freestyle Campaign
Following the Freestyle's 25th anniversary last year, Reebok has launched a campaign around the brand inspired by six fashion-forward cities and “six authentic, aspirational women.” The campaign will reach London, Madrid, New Delhi, New York, Paris a
Women’s Professional Soccer League Gains Investors…
Women's Professional Soccer, an upstart league based in San Francisco, said Phoenix Suns guard Steve Nash and former Yahoo Inc. president Jeffrey Mallett have become investors and part owners in the league. Terms of the investments were not released,
Teva Renews Commitment to Mountain Games
Teva signed a five-year title sponsorship deal for the Mountain Games, the largest outdoor adventure sports festival, that extends its sponsorship through 2012. SoBe, Bear Naked Trail Mix and Pabst Blue Ribbon have also joined to sponsor the 2008 Mountain
Lululemon’s Michael Tattersfield Resigns
Lululemon Athletica Inc announced that Michael Tattersfield has resigned as EVP, Retail Logistics and Sourcing due to personal and family reasons. Effective immediately, sourcing, production and logistics will report directly to Robert Meers, CEO of Lulul
Mad Dogg Athletics and ECA World Fitness to Produce Fitness Conferences
Mad Dogg Athletics, creator of the Spinning and SPIN Pilates programs, and ECA World Fitness, an international association for fitness professionals, have partnered together to produce fitness conferences. The first conference, Boston Balance, will take p
Obit: San Jose’s Mel Cotton
Mel Cotton, owner of the San Jose sporting goods store bearing his name, has passed away at the age of 91. He founded Mel Cotton's Sporting Goods forty years ago…
Adams Golf Sets One-For-Four Reverse Stock Split
Adams Golf, Inc. said the Over-The-Counter Bulletin Board’s Corporate Actions group approved the company’s one-for-four reverse stock split. Additionally, the state of Delaware approved the company’s Certificate of Amendment to its Certificate of Incorpor
Sport Footwear to See 2008 Growth Moderating…
The SportsOneSource Group, the leading information platform serving the sporting goods, outdoor, athletic footwear and apparel markets, has released preliminary sales figures for the fiscal 2007 retail year. Based in part on retail point-of-sale data com
Skechers Q4 Results Cut into Record 2007 Sales…
Skechers USA saw three record quarters through the first nine months of 2007, but revenues dipped nearly a full percentage point in the fourth quarter due to weakness in the U.S. market and the shuttering of a couple of sub-brands. The strong Q4 results
Perry Ellis to Meet Q4 Estimates…
Perry Ellis International, Inc. expects to report Q4 earnings that will meet or beat analysts' average estimate of 61 cents per share. The company also said that while the first half of its current fiscal year, which began Feb. 1, will be challenging
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