In support of its entry into the U.S. outdoor market, adidas Outdoor appointed three sales agencies on the eastern seaboard. East Coast Action Sports will handle the mid-atlantic, Evolve Sales & Associates will cover the southeast and Hawk Associates will
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Billabong Completes General Pants Group Acquisition
Billabong International Limited has completed the acquisition of the Sydney, Australia-based Surf Dive 'n' Ski and Jetty Surf retail stores from fashion apparel retailer General Pants Group and associated parties. Both the companies are based in
Escalade Declares Special Dividend
Escalade said its board of directors authorized the payment of a ten cents per share dividend payable Dec. 6, 2010, to all shareholders of record on Nov. 22, 2010…
Heelys’ Revenues Drop 23.3% in the Third Quarter
Heelys, Inc. reported sales dropped 23.3% in the third quarter, to $8.2 million from $10.7 million in the year-ago quarter. The company reported a net loss of $69,000, or less than 1 cent a share, versus a net loss of $1.1 million, or 4 cents, a year ago.
Cherokee Hires CFO
Cherokee Inc., owner of the Sideout volleyball apparel line and a major supplier of Target Stores, announced that Mark DiSiena has joined The Cherokee Group and will be appointed as its chief financial officer effective Dec. 17…
Kohl’s 3Q Earnings Flat on 4.2% Revenue Increase
Kohl's Corp. earned $194 million, or 63 cents per share, in the third quarter, virtually even with its profit of $193 million, or 63 cents, a year earlier. Revenue rose 4.2% to $4.22 billion…
Macy’s Sales Rise Nearly 7%
Macy's Inc. earned $10 million, or 2 cents per share, for the period ended Oct. 30, rebounding from a loss of $35 million, or 8 cents per share, a year ago…
Under Armour Partners with Thermos on Water Bottles
Thermos is partnering with Under Armour on a line of co-branded bottles. The new BPA-free line will be available beginning in May 2011 at sporting goods retailers, and will include insulated stainless steel bottles, Tritan plastic bottles and squeezable b
JJB Sports Misses Revenue Targets
JJB Sports, the U.K. sporting goods chain, reported same-store sales climbed 13.1% in the six-week period between Sept. 27 and Nov. 7. But management indicated that results were “lower than anticipated” due to excessive promotions and reflected the “weake
Levelwear to Launch NFL Players Collegiate Apparel Line
Levelwear, a brand division of The Accolade Group, announced it has signed an exclusive, multi-year licensing agreement with NFL Players to create a line of apparel featuring current NFL players in their college uniforms….
Easton-Bell Sports’ Q3 Revenues Climb 10%
Easton-Bell Sports, Inc. reported sales increased 10.2% in the third quarter to $198.8 million from $180.4 million a year ago while gross margin increased to 35% from 34.4%. Team Sports sales grew 12.4%, while Action Sports revenues grew 8.0%. Net earning
Hanesbrands Completes Senior Notes Offering
Hanesbrands Inc., the parent of Champion, joined the stampede of companies taking advantage of low interest rates by refinancing its debt. The company said it completed the sale of $1 billion of 10-year, 6.375% senior unsecured notes. The deal gives it mo
Scarpa North America to Distribute Ski Trab Skis
Scarpa North America will begin distributing Ski Trab's ski touring-oriented product line starting in Fall 2011. Scarpa said the move will offer North American retailers access to, as well as improved marketing and distribution support for, Ski Trab&
The North Face to Open 34th Store in Raleigh, NC
The North Face will open its 34th store at the Crabtree Valley Mall in Raleigh, NC this weekend…
Mizuno’s First Half Profits Surge on Stronger Margins
Mizuno Corp reported sales in its first half inched up 0.2% to 76.4 billion yen ($832 mm) from 76.2 billion yen. Net income reached 1.8 billion yen ($19.6 mm), up 91.3% from 973.0 million yen…