Crocs Inc. signed a five-year extension to its sponsorship agreement wiht The AVP, Inc. , the professional beach volleyball organization. Crocs will continue on as the “Official Tour Title Sponsor and exclusive footwear sponsor of the AVP Tour” as well as
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Ashworth Posts Q3 Loss; Revs Drop 6.3%
Ashworth, Inc. reported revenues for the third quarter ended July 31, decreased 6.4% to $49.5 million from $52.8 million. The company reported a loss of $5.7 million, or 39 cents a share, compared to net income of $0.7 million, or 5 cents per share, a yea
Lululemon Q2 Profits Soar 168%
Lululemon athletica inc., in its first report since going public, reported Q2 net income more than doubled to $5.1 million, or 7 cents a share, from $1.9 million, or 3 cents, a year ago. Revenues in the period ended July 31 jumped 80% to $58.7 million fr
Mad Dogg Athletics Wins Trademark Lawsuit
Mad Dogg Athletics, Inc., the provider of instructor education and products for indoor cycling, announced a victory in its lawsuit against NYC Holding for cyberpiracy and infringement of its world-famous Spin® and Spinning® trademarks…
Under Armour Signs Ray Lewis as Endorser
Under Armour has signed Baltimore Ravens All-Pro middle linebacker Ray Lewis to a multiyear endorsement contract, according to the Baltimore Business Journal. Terms were not disclosed…
Deckers to Restate Financials
Deckers Outdoor Corp. will pay up to an estimated $9.1 million and restate financial statements due to underpayment of some tax payments related to a Chinese subsidiary, according to a regulatory filing…
Robust August Footwear Sales Fail to Impress…
After a very tough July at retail for the Sport Footwear business, the results posted for August had many breathing a sigh of relief as sales increased in the mid-single digits and average selling prices inched up again after sandals, canvas, and a very p
Obit: Former NSGA Chairman Jack Schlicht
Jack Schlicht, retired owner of Milwaukee Sporting Goods and former chairman of the National Sporting Goods Association, died Thursday, August 30. Schlicht served on the NSGA Board of Directors from 1988-2001, including one term as Chairman in 1994…
NexCen Licenses TAF Apparel to Li and Fung USA…
NexCen Brands, Inc., the owner of The Athlete's Foot, has entered into an agreement with Li & Fung USA, to manufacture and distribute branded apparel under The Athlete's Foot brand. NexCen publicly announced in June its intention to launch the T
Pacific Sunwear August Comps Surge on Tax Holiday Shift; Footwear Still Weak…
Pacific Sunwear of California, Inc. saw net sales for fiscal August amount to $181.6 million, increasing 13.6% from $159.9 million last year. Total company same-store sales for the four-week period increased 9.6%, with the PacSun concept supplying an 11.9
Zumiez August Comps Continue Surge; The Buckle Comps Jump 16.7%…
Zumiez saw sales for the month jump 39.7% to $47 million from $33.7 million last year. The company's comparable store sales jumped 17.4% on top of a 4.7% gain for last year’s month. The gains for the month came in part from the 53rd week in the year
Iconix Brand Group to Acquire Pillowtex…
Iconix Brand Group Inc. reached an agreement to buy Pillowtex LLL for $231 million to diversify outside of the world of fashion. Pillowtex marks Iconix's largest acquisition to date, topping the $204 million it paid earlier this year for Rocawear…
Umbro U.S. Biz Makes Progress…
Umbro's North American business is the midst of a full-fledged turnaround, with total U.S. sales – including licensed – catapulting 155% in in the fiscal first half through June. The U.K. sportswear firm said its U.S. soccer specialty business increa
Precor Expands Corp. Campus….
Precor has expanded its Woodinville presence to five buildings comprising 270,000 square feet. The addition of the 95,000 square-foot operations facility reflects continued growth at Precor, which has doubled its annual revenues since 2000, generating $35
Quiksilver Sues to Protect Roxy; Will Launch Quiksilver Women’s Effort…
Quiksilver Inc. is suing Los Angeles-based Kymsta Corp. again over its Roxywear by Roxx clothing line, citing trademark infringement. Quik first sued Kymsta in 2002, prompting a counter-suit from Kymsta contending its Roxywear name was used before Quiksil
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