SGMA: PEP Funding for FY12 in Jeopardy

Just weeks after the Carol M. White Physical Education Program (PEP) received major funding for this year's programming, PEP is under attack again on Capitol Hill. On May 25, the U.S. House Education & Workforce Committee approved legislation to elim

JJB Says Turnaround Could Take Years as Losses Widen

JJB Sports, the U.K. sporting goods chain, warned that it would take as long as five years to turn around its business as it reported its losses widened in the last year. Pre-tax losses in its year ended Jan. 30 ballooned to 181.4 million pounds ($293.2 m

Brown Shoe’s Earnings Slide in First Quarter

Brown Shoe Company, Inc. reported its first quarter sales rose 4.5 percent to $624.6 million from $597.7 million a year ago, reflecting the acquisition of American Sporting Goods. Famous Footwear's comps were down 3.9 percent. On an adjusted basis, n

DSW’s Q1 Earnings Climb on 10 Percent Comp Gain

DSW Inc. reported first quarter net sales increased 12.0 percent to $503.6 million from $449.5 million in the first quarter of 2010. Comparable sales increased 10.8 percent on top of a 16.2 percent increase in comps in the first quarter of 2010. Net earni

Invista to Invest $100M in Brazilian Lycra Plant

Invista is investing more than $100 million in a new Lycra fiber production plant in Paulínia, São Paulo State in Brazil. Construction for the expansion project will begin immediately, with an expected opening in late 2012…

New Philippines Partners for Saucony, Sperry and Keds

Collective Brands, Inc. announced that its Performance + Lifestyle Group (PLG) has signed a wholesale distribution agreement with Iconic Advantage to broaden the reach of its Keds fashion sneaker brand and to launch the Saucony running brand and Sperry To