If there was ever any doubt that Swiss bank UBS no longer wanted to fund the merger of The Finish Line, Inc. and Genesco, Inc., those doubts were certainly erased on Friday as the Swiss banking giant filed suit in U.S. District Court and sought permission
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
OneGoal Hockey Show Sees Fewer Vendors…
At the OneGoal hockey trade show in Detroit last week, the main story on the show floor was the severe downturn in attendance compared to last year’s show. The change in show dates from January, which provided vendors with a venue to unveil new products,
Columbia Hosts Winter ’08 Showcase Event…
As product timelines and buying cycles become more compacted for vendors and retailers, Columbia Sportswear has reacted by pulling out of key industry trade shows, opting instead to host a Winter 2008 Product Preview for retailers, financial analysts and
Deckers Looks to Become a $750 Million Company Early Next Decade..
At Decker’s annual investor meeting held this month in Goleta, CA, the executive team and representatives from each of the company’s brands – UGG, Simple and Teva – gave an overview of the progress made in the past few years as well as future growth initi
SGMA Report: Team Sports for the Elite Player.
While 31.6 million U.S. children (age 6-17) participate in team sports on a ‘frequent,’ ‘regular,’ or ‘casual’ basis, nearly 19 million U.S. children do not participate in team sports at all. That’s one of many findings in U.S. Trends in Team Sports (2007
Nike, Inc. Re-Thinks Move into Mass Retail…
Nike, Inc. has apparently decided to de-emphasize a mass retail strategy first announced in 2004 after the company acquired the Starter business and formed the Exeter Brands Group to build and service brands in the value retail channel. NKe announced las
Fila to License Fila Sport to Kohl’s…
Fila announced an exclusive arrangement to sell the Fila Sport brand to Kohl’s. Under the agreement, Kohl’s will license and develop (in collaboration with Fila) apparel product under the Fila Sport label, while Fila will make Fila Sport footwear exclusi
adidas Looks Off-Court With Mitchell and Ness…
adidas looks to take a step back in time, announcing recently the acquisition of Mitchel & Ness Nostalgia Company. Terms of the deal were not disclosed, but the company will become a part of adidas’ Sports Licensed Division, which currently houses both t
Aldila’s Q3 Sales, Earnings Fall…
Aldila Inc. reported Q3 sales fell 19% to $13.2 million from $16.3 million. Net income fell 76% to $687,000, or 12 cents a share, from $2.9 million, or 51 cents, a year ago. Excluding a year-ago special credit, net income in the latest quarter was down 59
True Temper Q3 Loss Widens…
True Temper Sports, Inc. recorded a 12.3% increase in third quarter sales to $24.1 million from $21.5 million. The golf equipment supplier widened its net loss to $22.8 million from $4.1 million a year ago. The latest quarter included a $13 million charge
Bob’s Stores Disappoints in Q3…
With another disappointing quarter for Bob's Stores, its parent, TJX Cos., appears to be increasingly weighing its options on the 34-unit apparel chain. Bob's net sales increased 2% to $83 million from $79 million…
Speedo Q3 Sales Down 16%…
Warnaco Swimwear Q3 revenues fell 12.4% to $35.2 million. The operating loss was $29.6 million, including $16.6 million of restructuring expense, compared to an operating loss of $8.6 million in the prior year period. Speedo revenues declined 16.9% to $27
Sport-Haley Q1 Sales Drop 24.5%; Net Loss Widens…
Sport-Haley, Inc.'s Q1 sales decreased 24.5% to $3.5 million due to a change in distribution for its Top-Flite business. Net sales of Top-Flite branded apparel were $120,000, a decrease of 90%, from $1.2 million last year…
Birkenstock USA Sold to Birkenstock Family…
Birkenstock Distribution USA, the importer and distributor of Birkenstock footwear in the U.S., has been acquired by members of the family that has produced the brand since 1774…
Phoenix Footwear Nets Profit on Sale of Royal Robbins…
Phoenix Footwear Group net sales from continuing operations for Q3 decreased 5% to $26 million from $27.3 million a year ago, reflecting a 25% decrease in the Chambers belt business. Net income reached $11.1 million, or $1.23 a share, thanks to $14.1 mill
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