Nordstrom, Inc. reported earnings more than doubled in the fourth quarter to $172 million, or 77 per diluted share, from $68 million, or 31 cents a year ago. Fourth quarter same-store sales increased 6.9% compared with the same period in fiscal 2008. Net
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
NSGA Appoints CFO
The National Sporting Goods Association (NSGA) appointed Richard H. Schascheck, CPA, as its new chief financial officer. Schascheck is a 28-year veteran of association management, most recently as vice president of The Sanford Organization…
Quiksilver Claims Victory in Roxywear Lawsuit
Quiksilver, Inc. said it had once again prevailed in its Federal court trial against Kymsta Corporation and Kymsta's claims against Quiksilver and Quiksilver's “Roxy” trademark. Kymsta had appealed Quiksilver's last two trial victories in t
Nautilus Plant in Grayson, Co. Sold
The Nautilus plant in Grayson County, CO, has been sold to Med-Fit Systems…
TORSPO Hockey Adds NHL Veteran to its Board
Torspo Hockey International, Inc. appointed Neil Smith to its board of directors. Smith brings over 35 years hockey industry experience to all of the Torspo Hockey brands including Torspo Hockey, K2 fitness ice skates, First Stride, Recreational skates, I
Michael Phelps Becomes Youth Olympic Games Ambassador
Olympic swimming champion Michael Phelps became the first official Ambassador of the Youth Olympic Games (YOG)…
Rip Curl Founder Inducted into Australian Surfing Hall of Fame
Doug Warbrick, the founder of Rip Curl, became the 32nd member respectively of the Australia's Surfing Hall of Fame at the Australian Surfing Awards. Warbrick founded Rip Curl in 1967 with Brian Singer…
Foot Locker Tests Run Store in NYC
Foot Locker Inc. is testing a running-themed store on 14th Street in New York City. Said Peter Brown, SVP and chief information officer, “It's something new. It's just a test and we'll see how it works and go from there.”…
244 More Russell Athletic Jobs Head to Bowling Green
Officials with Fruit of the Loom announced that 244 more positions within Russell Athletic in Alexander City, AL, will be moved to the company's corporate campus in Bowling Green, KY…
Sports Direct Acquires Blacks Leisure Stake to Derail Rescue Plans
Sports Direct acquired the rights to a disputed 29% stake in Blacks Leisure, the struggling U.K. outdoor chain, and said it planned to vote against its rescue plans. The move could be a precursor to a bid from Sports Direct for Blacks…
HanesBrands Targets Long-Term Annual EPS Growth of 10% to 20%
Hanesbrands Inc., the parent of Champion, projected it could double EPS over the next three to four years based on expectations for 2010 net sales growth of 5% to 8% and EPS growth of 25% to 35%. It also said it is looking at smaller acquisitions to grow
Reebok Addresses El Salvador Sweatshop Allegations
In response to a report from that National Labor Committee that claimed that NFL jerseys were sewn under illegal sweatshop conditions in El Salvador, Reebok issued a statement saying it had conducted its own initial investigation and “believe there are a
Peter Glenn to Close Vermont Location
Peter Glenn of Vermont is closing its doors at the Berlin store after more than 50 years in business. It's the ski retailer's only Vermont location…
New Balance Announces Soles4Souls Haiti Relief Effort Initiative
Non-profit Soles4Souls and New Balance have joined forces to bring shoes to victims of the devastating earthquake in Haiti…
Roxy Loses Lawsuit Against Roxywear
Kymsta Corp, a small manufacturer in Los Angeles, recently won the right to use the Roxywear name for apparel. In a lawsuit, Quiksilver had argued that the name was too close to its Roxy brand…
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