Rusty North America, the surf brand, appointed Murphy Martines as its director of merchandise and design. Martines most recently was creative director for their action sports divisions of Redsand and Gotcha at Perry Ellis International…
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
O’Neill Clothing Appoints Two Key Execs
O'Neill Clothing announced the appointment of Marty Mathiesen to the position of VP of Men's Sales and Rhea Aslin as the VP of Juniors Merchandising. Most recently, Mathiesen worked for Reef while Aslin worked for Lucky Brand. Mathiesen succeeds
WHAM-O Awarded $6M in Trademark Lawsuit
WHAM-O Inc. said it had prevailed in its suit against SLB Toys USA, Inc. (also known as Manley-Toyquest or ToyQuest) for infringement of WHAM-O's registered trademark on the color 'yellow' for water slides. WHAM-O was awarded the sum of $6
MLB Launches Schools Initiative in China
Major League Baseball International (MLBI) will launch a grassroots youth baseball program, Play Ball!, in five cities across China this fall. The program will be incorporated into the physical education curriculum for students aged eight-to-12 in 120 ele
Pro Golf Franchisor Acquired By Investment Group
Pro Golf of America Inc., the franchisor for 80 independently owned Pro Golf stores, has been acquired by an investment group in bankruptcy proceedings. Terms of the deal were not disclosed. Pro Golf’s assets were sold after Ajay Sports Inc., the former m
Nautilus Slashes 140 Jobs
Nautilus, Inc. plans to reduce its workforce by about 140 positions, including about 80 at the company's headquarters, to trim its expenses by more than $10 million on an annualized basis. The adjustments equate to about 9 percent of the company'
Target 1.2% Comp Gain Misses Plan; Reduces Earnings Forecasts
Target Corp reported September same-store sales rose 1.2%. Results were below plan, hurt by weakness in apparel, and the discount giant reduced earnings expectations for the full year. Net sales increased 6.2% to $5.19 billion from $4.89 billion…
Costco’s September Comps Jump 6%
Costco reported U.S. comparable store sales rose 6% in the first five weeks ended Oct. 7. By region, comps rose 4% in the U.S. and 13% internationally. Net sales reached $6.05 billion, an increase of 9 percent from $5.53 billion in the same period last ye
Saks’s September Comps Surge 7.7%
Saks Inc. reported comparable store sales increased 7.7% for the five-weeks ended Oct. 3. Total sales climbed 9.5% to $307.4 million from $280.8 million a year ago. Top selling categories were women's shoes, women's designer sportswear, evening
BJ’s Comps Rise 3.9%
BJ's Wholesale Club, Inc. reported comparable store sales increased 3.9%. On a comparable club basis, food sales increased by approximately 6% and general merchandise sales increased by approximately 1%…
JC Penney September Comps Fall 4.6%; Cuts Guidance
J. C. Penney Co., Inc. reported comparable department store sales decreased 4.6% and total direct sales decreased 8.5%, below management's most recent guidance for a low-single digit sales increase for both. The Plano, TX, company now expects earning
Kohl’s Comps Decline 3.2%
Kohl's Corp reported comparable store sales fell 3.2%. The mid-tier department store operator also said Q3 earnings would come in at the low end of its former guidance…
Heelys Sues Wal-Mart
Heelys has filed a lawsuit against Wal-Mart Stores Inc. for making knockoff skates that Heelys claims violate a patent. According to a complaint filed in Dallas federal court, Wal-Mart sells a knockoff model called Spinners that violate Heelys patent on a
Nautilus Renegotiates Debt Agreement
Nautilus, Inc. signed a proposal letter with Bank of America, N.A. to expand its current debt facility to a 5-year, $150 million asset-based loan with a $50 million accordion. The fitness company has targeted to close the new facility by year-end 2007, su
Pony Partners with PPG Industries
Pony International announced a partnership with PPG Industries, a supplier of paints, coatings, chemicals, optical products, specialty materials, glass and fiberglass. Pony said that PPG's state-of-the-art coating systems will enable Pony to infuse
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