Sears Holdings Corp. reported a surge in fourth-quarter profit, reflecting improved gross margins and the absence of last year's costs related to store closings and severance. Revenues declined year-on-year, but exceeded analysts' expectations,
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Macy’s Returns to Profitability; Outlook Remains Cautious
Macy's Inc posted better-than-expected profit for the fourth quarter and forecast an improvement in same-store sales this year. Sales fell 1.1% to $7.85 billion. Comp stores slid 0.8%, but that was better than the Cincinnati-based company's fore
Iconix Sees 21% Hike in Q4 Revenues
Iconix Brand Group, Inc. reported revenue for the fourth quarter of 2009 was approximately $65.8 million, a 21% increase as compared to approximately $54.3 million in the fourth quarter of 2008…
Golf Town Names General Manager for Corporate Sales
Golf Town, Canada's largest golf retailer, named Dan Craig as general manager for corporate sales effective March 8th. Craig will oversee Accolade Reaction Promotion Group (ARPG) and Golf Town Corporate Sales…
GTX Corp Awarded Patents for GPS Shoe Technology
GTX Corp, the maker of 2-way GPS Personal Location Services (PLS) solutions, was recently awarded three new U.S. Patents that it said broadly covers fundamental aspects of providing a GPS location device in footwear…
GTX Corp Awarded Patents for GPS Shoe Technology
GTX Corp, the maker of 2-way GPS Personal Location Services (PLS) solutions, was recently awarded three new U.S. Patents that it said broadly covers fundamental aspects of providing a GPS location device in footwear…
Finish Line Secures Credit Facility
The Finish Line, Inc. entered into an unsecured $50 million revolving credit facility credit agreement. The facility, which expires on March 1, 2013, provides that, under certain circumstances, the company may increase the aggregate maximum amount of the
Cloudveil President/Co-Founder Resigns
Cloudveil said its co-founder/president Stephen Sullivan has resigned. As reported, Spyder Active Sports last week sold the outerwear firm to Windsong Brands LLC, a private equity firm based in Westport, CT. In a statement Sullivan said his resignation wa
Prep Sportswear Partners with National High School Coaches Association
Prep Sportswear, a maker of customized apparel and merchandise for the school, team, sports, college and Greek markets, has joined forces with NHSCA to provide custom gear for the schools and tournaments that they connect with and sponsor each year…
Murphy USA Launches Youth Sports Sponsorship Site
Murphy USA, the discount gas station chain based in Arizona, launched their new Youth Sports Team Sponsorship website, www.teammurphyusa.com, in January 2010 in an effort to expand their community outreach in the upcoming years…
Consumer Confidence Plummets
The Conference Board, a New York-based research group, said its Consumer Confidence Index fell to 46.0 in February from 56.5 in January. According to a Briefing.com consensus survey, economists expected the index to fall slightly to 55.0 from 55.9…
Brooks and Fleet Feet Sports, Raleigh Sponsors St. Patty’s Run Green 8K
MS Events, the volunteer organization coordinating Triangle-area bike and foot races, announces Tir na nOg Irish Pub; Fleet Feet Sports, Raleigh; Brooks Sports; and Green Planet Catering as presenting sponsors of the eco-friendly St. Patty's Run Gree
Daiwa Launches E-Commerce in USA with In-Store Pickup
Daiwa, the maker of fishing rods, reels and tackle, has launched e-commerce on daiwa.com. It also includes a feature that allows products to be picked up or shipped from local authorized Daiwa retailers…
Sof Sole Sends Military to Baseball Games For Free
Active duty military will be able to attend 2010 Durham Bulls
games for free, thanks to a partnership with Sof Sole, the footwear accessory brand, and division of Implus Footcare LLC in Research Triangle Park…
New Balance Launches New Balance 365 Project
New Balance launched New Balance 365, a collection of 365 short films that engages consumers 365 days a year by asking them to think about “the balance.” One 20 second short film that creatively explores the idea of “the balance” will post live each morn
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