West 49 Inc., the Canadian action sports chain, reduced its net loss in the second quarter ended July 28, to Canadian $589,000 (U.S. $560,000) from C$822,000 (U.S. $782,000). Net sales for the 130-unit chain increased 6.8% to C$42.4 million (U.S. $40.3 mi
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Iconix to buy Pillowtex
Iconix Brand Group Inc, which owns apparel brands including London Fog and Joe Boxer, announced plans to buy Pillowtex LLC for $231 million to diversify outside of the world of fashion. Pillowtex marks Iconix's largest acquisition to date, topping th
Tilly’s CEO to Head The Wet Seal
Edmond Thomas, currently president and co-CEO of action sports chain Tilly’s Inc, will become the new president and CEO of The Wet Sea, a juniors apparel chain. Thomas had been president and COO of The Wet Seal from 1992 to 2000 before helping expand Till
Hanes Sues American Apparel Over Barely There Trademark
Hanesbrands Inc. has sued American Apparel Inc. for allegedly copying its Barely There trademark for women's underwear. According to the lawsuit filed in federal court in Winston-Salem, N.C., American Apparel infringes the trademark by using the slog
L.L.Bean’s First New York Store to Open on September 14
L.L.Bean will celebrate the the grand opening of its newest green store at the Colonie Center, Albany, New York, on Friday, September 14. The Albany store is the eighth store outside of Maine the company has opened as part of an initiative to expand its b
Precor Expands Woodinville Campus
Fitness equipment company 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
Kellwood Debunks Boulder Daily Camera Report on Royal Robbins
The Boulder Daily Camera reported that Royal Robbins, which was recently acquired by Kellwood Corp., may join Slumberjack in shifting headquarters to Boulder, CO. But officials at Kellwood's American Recreation division are disputing this report. In
Sports Supply Group’s ’07 Profits Soar 106%
Sport Supply Group, formerly Collegiate Pacific, reported earnings jumped 106% in its fiscal year ended June 30, to $3.86 million or 38 cents a share, from $1.9 million, or 19 cents, a year ago. Revenues increased 5.6% to $236.9 million from $224.2 millio
Dick’s Launches Fan Fridays
Dick's Sporting Goods announced plans to launch Fan Friday, a “substantial marketing campaign” aimed at encouraging fans across the country to show their team support by wearing official Reebok NFL apparel every Friday during the NFL season. The camp
Rusty Apparel Names Marketing Head
Rusty Apparel appointed Scott “Pod” Banuelos, most recently Surf Marketing Manager for Smith Optics, as Director of Marketing. The La Jolla Group, Inc, holds the license for Rusty North America…
NYC Has Been Designated a ‘Ping’ Free Zone…
With a strike of the gavel, the sporting goods market in New York City took on a very different aspect last week as a federal court judge upheld the city’s ban on non-wood and non-wood composite bats in high school games, meaning the ban will take effect
Famous Footwear Q2 Gets Lift from Nike and Skate…
Brown Shoe reported operating earnings at Famous Footwear vaulted 59.3% to $19 million for the fiscal second quarter and revenues rose 8% to $316.1 million, driven by 61 new stores and a 3.6% same-store sales increase…
Collective Lays Out Plans for Saucony and Hind…
Collective Brands, formerly Payless and the new owners of Stride Rite, Keds, Sperry Top-Sider, Saucony and Hind, saw second quarter Payless sales decrease 1% to roughly $699 million with comp store sales slipping 1.4%. These results do not include Stride
Hilco Acquires Tag Golf From Huffy…
Hilco Consumer Capital, LLC has partnered with Crystal Capital to acquire Tag Golf, which includes Tommy Armour, Ram, TearDrop and Zebra brands from Huffy Corporation. Jamie Salter, CEO of Hilco Consumer Capital, spoke in an exclusive interview with SEW
Heelys Faces Shareholder Lawsuits…
A number of law firms commenced class action lawsuits against Heelys Inc. following the recent drop in its share price. The suits charge management made “false and misleading” statements in regulatory filings for its December 2006 IPO…
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