Shoe Carnival, Inc. reported sales for the fourth quarter increased 8.8% to $170.8 million from $156.9 million a year ago on an 8.8% comp gain. Net earnings reached $2.6 million, or 20 cents per diluted share, compared to a net loss of $3.0 million, or 24
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Li Ning Sees 25.4% Revenue Growth in 2009
Li Ning Group Limited reported revenue grew by 25.4% to RMB8,386.9 million ($1.22 billion). Profit attributable to equity holders rose by 31.0% to RMB944.5 million ($138.3 million), or RMB90.75 cents a share…
Peak Sport’s Sales Vault 51.6% in 2009
Peak Sport Products Co., Limited reported sales jumped 51.6% to RMB3,094.9 million ($453.3 million). The increase was mainly due to increased demand for Peak's products and continued expansion of its distribution network across China…
Faytex Appoints International Sales Manager
Faytex, the textile concern based in Weymouth, MA, appointed William “Bill” Pickett to the newly created position of international sales manager to help mine new and renewed interest in Dri-Lex and Eco Dri-Lex, in particular, outside the U.S…
Sports Associations Form Research Council
Seven of the major governing bodies and trade associations in the sports, fitness, outdoor, and leisure industry have formed a research partnership — The Physical Activity Council (PAC). The goal of the partnership is to identify key trends in sports, f
Victoria’s Secret to Make MLB Collection
Victoria's Secret has partnered with Major League Baseball on a VS PINK co-branded collection that will feature names and logos of 11 MLB teams including the Angels, Cardinals, Cubs, Dodgers, Mets, Padres, Phillies, Red Sox, Twins, White Sox and Yank
Zappos Launches Ad Campaign Around Customer Reps
Zappos.com launched its 2010 ad campaign, kicking off with the airing of its first in a series of television commercials featuring the “Zappets – puppet like characters designed and styled after actual Zappos.com employees…
Hanesbrands Announces Sustainability Goals
Hanesbrands Inc., the parent of Champion and Hanes, announced its worldwide goals to reduce energy use and carbon emissions and the launch of a corporate social responsibility Web site that details the company's social programs and environmental stew
McRae’s Q2 Earnings Rise
McRae Industries, Inc. reported consolidated net revenues for the second quarter of fiscal 2010 of $16.7 million as compared to $16.6 million for the second quarter of fiscal 2009. Net earnings for the second quarter of fiscal 2010 amounted to $711,000, o
Stahls’ ID Direct Introduces CADCUTdirect.com
Stahls' ID Direct has unveiled CADCUTdirect.com, a new site for Stahls' customers and decorators who are looking for more information on the benefits of CAD-CUT materials and technology for their business…
Sperry Top-Sider Hires Bill Bettencourt as SVP, Sales and Marketing
Sperry Top-Sider, a division of Collective Brands Performance + Lifestyle Group, announced that Bill Bettencourt has joined the Sperry team as senior vice president of sales, marketing and business development. Since 2004, Bettencourt was with Vans, Inc.,
Quebec’s Bernard Trottier Sports Going Out of Business
After 45 years, Bernard Trottier Sports, which operates three stores in Quebec, is going out of business. Store closing sales have just begun at all three locations as well as at Obsession, the company's shop that specializes in snowboards…
Perry Ellis Elects Eduardo Sardina to Board
Perry Ellis International elected Eduardo Sardina as a new independent member to the company's Board of Directors, bringing the total number of directors to seven and the number of independent directors to five…
Yakima CEO Warns About Racks4Cheap.com
Yakima CEO Gerald T. Heinlen has sent a letter to the company's 5,000 U.S. dealers regarding the sale of Yakima brand products below established prices at the website, www.Racks4Cheap.com. Yakima contends the website, launched about two weeks ago, i
Tiger Woods to Return to Golf
Tiger Woods announced plans to return to competitive golf at the Masters next month. While several sponsors have terminated their relationship with the golfer, companies that banked more directly on his athletic prowess, such as Nike Inc. and Electronic A
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