Genesco Inc. announced that its Hat World subsidiary has entered into an agreement to acquire the assets of Sports Avenue and related entities. Sports Avenue operates 46 retail stores across the United States and 13 ecommerce sites, selling officially li
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
NRF Supports Renewal of Depreciation Rule
The National Retail Federation asked the House to extend a tax rule that allows retailers to depreciate remodeling and other improvements to their stores over 15 years rather than the previous 39, saying the move would help save “critically needed” jobs..
Senator Seeks More Competition for Army Arms Contract
U.S. Sen. Charles Schumer, D-N.Y. has written to U.S. Army Secretary John McHugh asking him to open up competition for the Army's small arms contracts to other U.S. manufacturers, including Remington Arms. Currently only Defense LLC, General Dynamics
Genesco Raises FY10 Outlook on Strong Q1 Results
Genesco Inc. reported earnings nearly tripled in its first quarter ended May 31 before special items in both periods. Sales increased 8% to $401 million from $370 million a year ago. Comparable store sales grew 5%. The Journeys Group's comps rose by
Consumer Confidence Increases for Third Straight Month
The Conference Board Consumer Confidence Index increased in May, its third consecutive monthly gain. The Index now stands at 63.3, up from 57.7 in April. The Present Situation Index increased to 30.2 from 28.2. The Expectations Index improved to 85.3 from
Alan Cohen to Resign as Finish Line’s Chairman
The Finish Line, Inc. announced that Alan H. Cohen, the company's co-founder and chairman, has informed the board of his decision to retire as chairman and as a member of the board at The Finish Line's 2010 Annual Meeting of Shareholders to be h
Billabong to Acquire California’s Becker Surf and Sport
Billabong International Limited reached agreement to acquire the Southern California surf retailer Becker Surf and Sport. The acquisition includes Becker's five brick and mortar retail stores and the www.beckersurf.com online business, but does not i
Fila Golf Appoints Veteran Sales Reps
Fersten Worldwide, the exclusive licensee of Fila Golf in North America, has appointed golf industry veterans Ron Birrell and Steve Sakovitz as sales representatives to service Fila Golf men's and women's apparel…
Big Rock Sports Supports Future Fisherman Foundation
Big Rock Sports has joined forces with the Future Fisherman Foundation (F3) to help support the sport of fishing for generations to come….
Brown Shoe Returns to Profitability in Q1; Famous Footwear’s Comps Climb 15.5%
Brown Shoe reported sales for the first quarter increased 10.9% to $597.7 million. Comps jumped 15.5% at Famous Footwear and 16.2% at its Specialty Retail segment. Earnings reached $10.0 million, or 23 cents per diluted share, compared with a net loss of
GSI Commerce Extends Agreement with Timberland
GSI Commerce Inc. has extended and expanded a multiyear agreement to provide The Timberland Company with e-commerce technology, order processing and customer care services for their U.S. and European Web stores…
Steve Madden Extends Stock Buyback Plan
Steve Madden Ltd. plans to buy back an additional $50 million of stock, using cash on hand…
Puma Commits to Sustainability Reporting
Puma expanded its project in cooperation with The Global Reporting Initiative (GRI) and the Gesellschaft für Technische Zusammenarbeit (GTZ) in GRI's GANTSCh program which supports supplier factories to report on their social and environmental initi
Patagonia’s Sales Reach $340MM in FY10
Patagonia had its “two best years ever” during the downturn, according to an interview by Entrepreneur Magazine with founder and owner Yvon Chouinard. Sales are expected to reach near $340 million in its year ended April 2010, up from $315 million over th
DSW’s First-Quarter Earnings Soar
DSW Inc. reported first-quarter earnings increased four-fold to $30.2 million, or 67 cents a share, from 16 cents, a year ago. Sales grew to $449.5 million from $385.8 million. Same store sales increased 16.2% versus a decrease of 4.7% last year…
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal