Category: Footwear

Payless Partners with Middle East Franchisee

September 3, 2008 SGB Update

Collective Brands Inc plans to expand Payless ShoeSource into nine Middle East countries with franchise partner M.H. Alshaya, the Wall Street Journal is reporting. The company will be franchising its stores for the first time…

Warnaco Names SVP, General Counsel and Secretary

September 3, 2008 SGB Update

The Warnaco Group, Inc., the parent of Speedo, appointed Jay Dubiner as senior vice president, general counsel & secretary. Mr. Dubiner will oversee the company’s worldwide legal matters in addition to acting as corporate secretary. He will report directl

Kohl’s August Comps Drop 5.8%

September 3, 2008 SGB Update

Kohl’s Corp reported that sales for the four-weeks ended August 30, increased 2.6% to $1.26 billion from $1.22 billion a year ago. On a comparable store basis, sales decreased 5.8%…

Costco’s U.S. Comps Climb 9% in August

September 3, 2008 SGB Update

Costco Wholesale Corporation reported net sales increased 12% to $5.41 billion for the month of August from $4.84 billion a year ago. On a same-store basis, sales grew 9% in the U.S. and 6% internationally…

Collective Brands Profits Jump Before Litigation Charges

September 3, 2008 SGB Update

Collective Brands, Inc. reported second-quarter EPS rose 42.1% excluding special charges, to $33.6 million, 54 cents a share, from $24.9 million, or 38 cents, a year ago. After including pre-tax expenses of $36.2 million, or 41 cents a share, related to l

Winmark Hires CFO

September 2, 2008 SGB Update

Winmark Corp, the parent of Play it Again Sports, announced the appointment of Tony Ishaug as the chief financial officer. Ishaug was recently chief financial officer and chief operating officer of the Department 56 division of Lenox Group, Inc. He has se

Acushnet Plans Ball Plant in Asia

September 2, 2008 SGB Update

The Acushnet Company plans to produce its top-selling Titleist Pro-V1 golf balls at a factory somewhere in Asia within 3 to 5 years. Domestic production of the Pro-V1 eventually will be trimmed about 20 percent and an estimated 100 jobs will be eliminated

NexCen Board Member Resigns

September 2, 2008 SGB Update

Jack Rovner has resigned from the board of NexCen Brands, Inc., the parent of The Athlete's Foot. He was elected director of the company in October of 2006. Rovner is the co-owner and partner of Vector Management, an artist management firm in the mus

GoldToeMoretz Names Pres and COO

September 2, 2008 SGB Update

GoldToeMoretz LLC named Stephen Lineberger as its president and chief operating officer. Lineberger, a senior vice president and general manager for Hanesbrands' international unit, will begin his duties in mid-September…

Summer Trends Show Shifting Lifestyles, New Priorities

September 2, 2008 SGB Update

As families struggle with the rising cost of gasoline, the increased cost and inconvenience of summer travel and the much-publicized scare from the effects of BPA in some consumer products, there have also been big benefits this summer for categories and

Quiksilver Finally Sees Light at End of Rossignol Tunnel

September 2, 2008 SGB Update

Quiksilver, it would appear, has finally found its way out from under the misguided deal it entered into in 2005 to acquire the Rossignol business that also included Cleveland Golf. After making a deal to sell off Cleveland to the parent company of Srixo

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