Author: Thomas J. Ryan

Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699

U.K.’s Sports Direct Lowers Guidance

July 24, 2007 SGB Update

Sports Direct International Plc, the U.K.'s biggest sporting-goods retailer, said higher interest rates and floods in Britain would cause it to miss estimates for its year ended April 2008. Net income in the year through April 29 fell 40 percent to 3

GSI Commerce Opens Fulfillment Center

July 18, 2007 SGB Executive SGB Update

GSI Commerce Inc. announced that it recently opened a new, highly automated fulfillment center in Richwood, Ky. At 540,000 square feet, the state-of-the-art center is GSI's largest facility to date. At full capacity, Richwood will ship more than 110,

Nike Signs Kevin Durant

July 18, 2007 SGB Executive

Sonics forward Kevin Durant signed an endoresment contract with Nike, apparently spurning a higher offer from adidas. According to the Seattle Times, the seven-year, $60 million deal with Nike included a $10 million signing bonus…

R.G. Barry Names Superga President

July 16, 2007 SGB Update

R.G. Barry Corporation , the Dearfoams company, has named Juliana J. Prather brand president for its recently licensed Superga canvas/active fashion footwear business. Prather most recently worked at Neofocus Strategy Consulting, a global strategic consul

DiPietrantonio becomes Jones Apparel COO

July 16, 2007 SGB Update

Jones Apparel Group Inc. named Cynthia DiPietrantonio as chief operations officer, succeeding Wesley Card, who served as COO and chief financial officer before being promoted to president and CEO last week.

Everlast Signs International Boxing License

July 13, 2007 SGB Update

Everlast Worldwide Inc. signed a worldwide license agreement with The International Boxing Association (AIBA) to be an official licensee for competition gloves and headgear. This four year agreement will allow Everlast gloves and headgear to be used aroun

Everlast Investor Criticizes Bid Process

July 13, 2007 SGB Update

Aquamarine Capital Management LLC, a shareholder of Everlast Worldwide Inc., asked the boxing equipment maker to reconsider a buyout offer from New York-based Hidary Group. Aquamarine said Everlast's refusal to negotiate with Hidary may represent a b

Lululemon Shrinks IPO Offering

July 13, 2007 SGB Update

Lululemon Athletica Inc. said in a filing on Friday that it is shrinking the size of its initial public offering by nearly 10 percent, to 16.4 million shares from 18.2 million. The investors plan to sell 14.1 million shares, down from an earlier plan for

Gottschalks Comps Drop 4.3%

July 12, 2007 SGB Executive

Gottschalks Inc. reported same store sales for the month of June decreased 4.3%. Total sales for the month fell 5.8% to $57.5 million. The department store operator now expects a second quarter loss and full year earnings to come in below prior year'

Dillard’s Comps Slip 1% for June

July 12, 2007 SGB Executive

Dillard's, Inc.'s comparable stores decreased 1% iin June. Sales for the five weeks ended July 7, were $620.7 million compared $622.8 ,810,000. Total sales were unchanged on a percentage basis for the five-week period…

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