Category: Apparel

National Golf Rounds Played Drops 6.8% in December

February 9, 2009 SGB Update

The Golf Datatech National Golf Rounds Played Report showed that in December, golf rounds played varied vastly between regions, with participation in the Pacific, Mountain, East North Central, South Atlantic and South Central regions decreasing and partic

Tech Attributes Still King in Outdoor Apparel

February 9, 2009 SGB Update

Partnerships between leading outdoor technical apparel brands and manufacturers of technical fabrics continue to bring innovation to outdoor specialty retailers, but retailers want vendors to keep lifestyle in mind as well when developing new products. Ne

Oil, Gas Leases in Utah Cancelled

February 9, 2009 SGB Update

U.S. Secretary of Interior Ken Salazar said that the department is canceling 77 oil and gas leases in Utah issued in the final days of the Bush Administration. The decision means that more than 100,000 acres of Utah wild lands and recreation destinations

Adidas Sees Currency Fluctuation Risks

February 9, 2009 SGB Update

In an interview with Bloomberg Television in Wiesbaden, Germany, Adidas AG Chief Executive Officer Herbert Hainer said currency fluctuations are the biggest risk for Adidas’s business in 2009. Hainer particularly cited the declining value of the ruble&#03

Sporting Goods Exempted From Phthalates Ban

February 9, 2009 SGB Update

According to the Consumer Product Safety Commission, sporting goods (except for toy versions of a sporting good) are exempted from the definition of a toy and not subject to the ban on phthalates in toys. CPSC also said exempted bicycles, playground equip

Layoffs at Brown Shoe and Macy’s

February 9, 2009 SGB Update

Macy's Inc. and Brown Shoe Co. joined a number of companies announcing major layoffs to streamline operations in the face of the recession. Macy's plans to cut 7,000 jobs, or 4% of its workforce, while Brown Shoe, the parent of Famous Footwear,

Court at Odds with CPSC on Safety Act Provisions

February 9, 2009 SGB Update

The U.S. Consumer Product Safety Commission issued a one year “Stay on Enforcement” for the submission of “Testing and Certification” of compliance with the new lead and phthalates laws. The CPSC said it would not require Testing and Certification on prod

Amer Sports Q4 Sales Slip on Weak Fitness Result

February 5, 2009 SGB Update

Amer Sports reported fourth quarter sales were down slightly $495.3 million ($653.2 mm) versus $497.1 million ($720.0 mm) a year ago. In local currencies, net sales decreased 3%. Earnings before interest and taxes (EBIT) before non-recurring charges were

Macy’s, Inc. Same-Store Sales Down 4.5% in January

February 5, 2009 SGB Update

Macy’s, Inc. reported total sales of $1.213 billion for the four weeks ended Jan. 31, 2009, a decrease of 4.7% compared with total sales of $1.273 billion in the four weeks ended Feb. 2, 2008. On a same-store basis, Macy’s, Inc. sales were down 4.5% in Ja

January Comps Decrease Slightly for Target

February 5, 2009 SGB Update

Target Corporation reported that its net retail sales for the four weeks ended Jan. 31, 2009 increased 0.8% to $4,138 million from $4,106 million for the four weeks ended Feb. 2, 2008. On this same basis, January comparable-store sales declined 3.3%…

TJX Co.’s Reports 4% Decline in January Comps

February 5, 2009 SGB Update

The TJX Companies, Inc. saw a 6% decline in net sales for fiscal January to $1.0 billion, down from the $1.1 billion achieved last year. For the 52 weeks ended January 31, 2009, sales reached $18.7 billion, up 2% from the $18.4 billion achieved during the

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