Thomas J. Ryan | Page 292 | SGB Media Online

L.L. Bean to Close Bangor Call Center in 2016

August 29, 2014 SGB Update

L.L. Bean plans to close its call center in Bangor, ME in 2016. The reason given was a steep decline in the number of telephone orders and a rise in the number of online orders…

Scheels Pledges $1MM for the Minnesota State University Moorhead

August 29, 2014 SGB Update

Scheels All Sports has pledged a million dollars to Minnesota State University-Moorhead in exchange for the naming rights of its football field. The pledge comes as part of a fundraising challenge tied to the inauguration of MSUM Pres. Anne Blackhurst…

Genesco Slashes FY Guidance on Lids Weakness

August 29, 2014 SGB Update

Citing weakness at its Lids Sports Group, Genesco Inc. reported earnings on an adjusted basis fell 39.4 percent in the second quarter. It also sharply reduced its EPS guidance for the year due to the Q2 shortfall and continued weakness expected at Lids at

Famous Footwear Boosted by Canvas in Q2

August 29, 2014 SGB Update

With a robust profit turnaround at its Wholesale Operations segment and a solid performance at Famous Footwear with the aid of the canvas category, Brown Shoe Co. reported second-quarter earnings that topped internal expectations. Net income in the second

DSW Raises 2014 Guidance After Above-Plan Q2

August 29, 2014 SGB Update

DSW reported second-quarter earnings on an adjusted basis slid 24.7 percent but came in ahead of Wall Street's consensus estimate by 5 cents a share. Excluding items related to its merger with RVI as well as the termination of RVI's pension plan

Tilly’s Traffic Weakness Continues in Q2

August 29, 2014 SGB Update

Tilly's didn’t offer any surprises in reporting a sharp drop in second-quarter earnings but did when it offered a profit outlook for the current quarter that missed Wall Street's expectations. In the quarter, profits tumbled 70.3 percent t

RSG Appoints Run On! Founder as Advisor

August 29, 2014 SGB Update

The Running Specialty Group (RSG), the run specialty chain owned by The Finish Line, has appointed Bob Wallace, the former founder of Run On!, as senior adviser, strategic initiatives. The hiring follows a continuing upheavel in RSG’s management…

Genesco Cuts FY Guidance on Weak Q2

August 28, 2014 SGB Update

Citing weakness at its Lids Sports Group, Genesco Inc. reported earnings on an adjusted basis fell 39.4 percent in the second quarter. It also sharply reduced its EPS guidance for the year due to continued erosion at Lids for the balance of the year. Comp

FIFA and US Soccer Organizations Sued Over Concussion Policies

August 28, 2014 SGB Update

A class action complaint on behalf of current and former soccer players has been filed against the FIFA, the sport's international governing body, along with other U.S.-based soccer associations, for the alleged failure to adopt effective policies to

Meijer, Skechers Donate 22,500 Pairs of New Shoes to Detroit Area Children

August 28, 2014 SGB Update

Meijer, Skechers and K.I.D.S./Fashion Delivers teamed up earlier this week to give away 2,000 new BOBS from Skechers shoes to Detroit children in need during a day of fun at the Detroit Zoo…

DSW to Open Stores in Santee, CA and Pittsburgh

August 28, 2014 SGB Update

DSW Inc. plans to open stores in Santee, CA and Pittsburgh…

Pacific Sunwear Logs Q2 Loss

August 28, 2014 SGB Update

Pacific Sunwear of California reported that adjusted for special items it showed a loss from continuing operations of $1.8 million, or 3 cents a share, as compared to income from continuing operations of $1.6 million, or 2 cents, for the same period a yea