The Warnaco Group, Inc., the parent of Speedo, announced that its Board of Directors approved a new multi-year five million share repurchase program…
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Gear For Sports Enters High School Market
Gear For Sports, the supplier in the U.S. of customized sportswear for the collegiate market place, is now servicing the high school market…
The Athlete’s Foot to be Sold to PE Firm
NexCen Brands, Inc. entered into an agreement to sell its franchise business, including The Athlete's Foot, to an affiliate of Levine Leichtman Capital Partners, an independent investment firm with franchise management experience. The purchase price
Heelys Q1 Revenues Slump 27%
Heelys, Inc. reported first-quarter sales declined to $6.7 million compared to net sales of $9.2 million a year ago…
Nordstrom’s Profits Soar in Q1
Nordstrom, Inc.'s earnings climb 43.8% in the first quarter to $116 million, or 52 cents per diluted share, from $81 million, or 37 cents per diluted share, for the same quarter last year. First quarter same-store sales increased 12.0% compared with
Kohl’s Profit Jumps 45%
Kohl's Inc. reported a first-quarter profit of $199 million, or 64 cents a share, up from $137 million, or 45 cents, a year earlier. Revenue rose 11% to $4.04 billion from $3.64 billion last year…
Macy’s Returns to Profitability in Q1
Macy's, Inc. reported first quarter 2010 earnings per diluted share of 5 cents. This compares with a loss of 16 cents per diluted share, excluding restructuring charges, in the first quarter last year…
Skechers Launches Leather Accessories Collection
Skechers USA, Inc. signed a licensing agreement with French Craft Leather Goods Co., Inc. to design, produce and distribute a Skechers-branded line of leather goods and accessories for men, women and kids. The new line of belts, buckles and wallets will h
RECALL: Rome Snowboards Bindings
About 2,900 boot bindings from Rome Snowboards are being recalled due to a fall hazard. The base plate on the bindings can break at cold temperatures, creating a risk to the snowboarder, the U.S. Consumer Product Safety Commission said in a statement…
Sports Authority to Launch ‘S.A. Elite’ Concept
Sports Authority is planning on launching a new smaller concept, S.A. Elite, focusing on higher-end footwear and apparel. The first location will open in Denver in August to serve as a model for future stores. The size of concept will range from 12,000 to
Body Glove to Expand in Middle East
Body Glove International LLC has inked a deal to expand sales of its products into the Gulf market. Body Glove has teamed up with United Arab Emirates based retail giant Sun and Sand Sports LLC to launch the brand in the UAE…
Great Outdoors to Close Store in Rutland, VT
The Great Outdoors Trading Co. plans to close its store in Rutland, VT. Its three remaining Great Outdoors stores in Killington, Okemo and Mount Snow will remain open…
Orange 21 Sees 15% Q1 Revenue Gain
Orange 21 Inc., which owns Spy Optics, reported sales climbed 15.3% in the three months ended March 31, to $8.3 million from $7.4 million a year ago…
Stein Mart Appoints Belk Exec Director of Stores
Stein Mart Inc. has appointed a former Belk Inc. executive as senior vice president and director of stores. Gary Pierce has worked for Belk since 1993, most recently as senior vice president and director of stores for its central and northern divisions…
Wilson Sporting Goods’ Ohio Facility Facing OHSA Fines
The Wilson Sporting Goods factory in Ada, OH, is facing over $37,000 in fines over safety violations…
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