Category: Apparel

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

Costco Comps Slip 2% in January

February 5, 2009 SGB Update

Costco Wholesale Corporation reported net sales of $5.10 billion for the month of January, down 0.2% from $5.11 billion for the same period last year. Comparable store sales for the month declined 2.0% after an increase of 7.0% last year. For the first tw

Stage Stores January Comps Fall 13.1%

February 5, 2009 SGB Update

Stage Stores, Inc. said total sales for the four-week period ended Jan. 31, 2009 decreased 9.4% to $74.4 million from $82.1 million in the prior year four week period ended Feb. 2, 2008. Comparable store sales for the month decreased 13.1% versus an incre

Fairway and Greene Inks PGA Deal

February 5, 2009 SGB Update

The Wyndham Championship has signed a new three-year deal with Fairway & Greene, which will produce official apparel for the PGA Tour event. As the official provider, Connecticut-based Fairway & Greene will produce all apparel for tournament officials, st

RECALL: Mavic Bikes

February 4, 2009 SGB Update

About 12,000 bicycles with R-SYS front wheel rims, made in France and imported by Mavic USA, of Haverhill, Mass. were recalled because the spokes on the front wheel rim can break during use, posing a fall and crash hazard to riders. The company has receiv

Sport Chalet Reviews Strategic Alternatives

February 3, 2009 SGB Update

Sport Chalet, Inc. said it was evaluating strategic alternatives, including raising additional capital and amending or replacing its current credit facility. This includes retaining Wedbush Morgan Securities as its financial adviser…

LaCrosse Footwear Sees Q4 Income Plummet

February 2, 2009 SGB Update

LaCrosse Footwear, Inc. reported results for the fourth quarter and full year ended Dec. 31, 2008. For the fourth quarter of 2008, LaCrosse reported consolidated net sales of $35.1 million, up 8% from $32.7 million in the fourth quarter of 2007. For the f

CPSC Delays Some Safety Act Provisions

February 2, 2009 SGB Update

The Consumer Product Safety Commission has 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 will not require Testing and Certification on products until

Lorpen Hires U.S. Sales Manager

February 2, 2009 SGB Update

Lorpen, the designer of high performance socks for athletes and outdoor enthusiasts, announced today that Bruce Barrows has been hired as U.S. Sales Manager. Barrows will be responsible for the marketing and sales of Lorpen socks within the U.S. and growi

Escalade’s CFO Resigns

February 2, 2009 SGB Update

Escalade, Inc. said it has accepted the resignation of Terry D. Frandsen as vice president and chief financial officer. Robert J. Keller, Escalade's president and chief executive officer, said that the company and Frandsen had reached a mutual decis

Kmart Introducing Athletic Line

February 2, 2009 SGB Update

Kmart is introducing an exclusive athletic footwear and apparel collection called Protege and created by NBA star Al Harrington. The launch of Protege is part of Kmart's footwear re-launch which will feature new and exclusive brands both in stores n

When Trade Shows Feel More Like Job Fairs

February 2, 2009 SGB Update

Not unlike other trade shows this last month, the PGA Merchandise Show last week continued the mood as the usually festive atmosphere worked to fight its way to the surface. Thursday seemed slow and quiet, though weather and flight delays may have played

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