Hot Tuna, the surf lifestyle brand, announced that Elle Macpherson has left its board of directors due to increasing time pressure from her other projects. Hot Tuna said it will commence discussions with the former supermodel with regards to a separate ro
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
American Apparel Swings to a Q3 Profit
American Apparel Inc., which is being acquired by investment company Endeavor Acquisition Corp., reported a profit of $6 million in the third quarter compared with a loss of $2.1 million in the previous year. Revenues gained 34% to $106.5 million from $79
adidas Group Posts Solid Q3; Sees Big 2008 Gains…
The adidas Group posted a decline in top-line sales for the third quarter, but the numbers were greatly impacted by currency fluctuations and continued declines at Reebok. The brand adidas business was impacted somewhat in Europe by tough soccer apparel
K-Swiss Sees U.S. Weakness Potentially Spreading to International Business…
K-Swiss, Inc. attempted to temper Wall Street expectations once again last week as the company posted a disappointing third quarter and reminded analysts on a quarterly conference that it would be late 2008 and possibly 2009 before the brand would see a t
Puma AG Third Quarter Sees Both Downside and Upside in U.S. Mall Sales Decline…
Puma AG took another hit to the top-line in the third quarter as a tough U.S. mall business and the largest player in the channel continued to severely impact overall footwear sales growth for the period. The EMEA region also saw some challenges of its o
Weather Plays a Part in Weak October Comp Sales Growth…
Retail comparable store sales managed a low-singles increase for the fiscal month of October as continued warmer than average weather battled marketplace worries over a looming recession for which external factor could do the most to hamper growth…
Heelys Sees Few Positives; Works to Clear Goods…
Heelys, Inc. has seen its brand go from market darling to market dog in less than a year and may well see its Holiday fortunes go the way of scooters and other short-lived fads. Instead of ramping up for another strong Holiday season, the company has app
Golfsmith Gets New Store Boost in Q3…
Golfsmith International Holdings posted double-digit sales growth for the third quarter as the addition of 15 new stores in the trailing 12 months and the extended warm weather selling season boosted top line growth despite a slight downturn in quarterly
Adams Golf Slims Q3 Loss on Sales Jump…
Adams Golf followed the general golf market strength in the third quarter, posting a mid-20s sales increase while slimming its quarterly loss at an even bigger rate. The company saw sales growth in each club category as well as in each geographic region f
The Athlete’s Foot Sees Q3 Comps Decline…
NexCen Brands, Inc. said domestic sales at The Athlete's Foot were down approximately 7% year-over-year, reflecting the softness currently being experienced across U.S. retail. NexCen acquired TAF in November 2006…
Sports Direct Sells Amer Stake…
Sports Direct, the UK retailer controlled by Mike Ashley, sold its entire stake in Amer Sports for €166.6 million ($242 mm). The retailer has made a profit of around £25 millioin since first buying into the Helsinki-listed group in June and raising its st
Head N.V. Sees Heavy Q3 Impact From Slowing Winter Sports Market…
As anticipated, the poor snow last year is now adversely impacting Head N.V. results in the third quarter as retailers remain conservative in their orders of skis and snowboards. Heavy declines in Winter Sports were partially offset by gains in all other
Sport Chalet Sees Tough Fiscal Second Quarter…
Sport Chalet saw some difficult conditions during their fiscal second quarter, which ended on September 30, 2007. Sales during the quarter were negatively impacted by softer macroeconomic trends and management said that same-store sales were affected by c
The Walking Co. Racks up 9.6% Q3 Comp Gain
The Walking Co., which is part of Big Dog Holdings, reported third quarter revenues jumped 20% to $36.9 million from $30.7 million in Q3 last year, driven by a 9.6% comp increase and 26 net new stores versus last year. TWC opened six stores in the quarter
Princeton Ski Shop Files for Bankruptcy
Citing unseasonably warm weather and heightened competition, Princeton Ski Shop Inc. filed for bankruptcy in the U.S. Bankruptcy Court for the District of New Jersey in Newark. The company, based in Clifton, NJ, operates four stores in New York City ( 22n
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