Jeffrey Peek, the chief executive officer of CIT Group Inc., will step down at the end of the year as the lender works to stave off bankruptcy. CIT is the leading factoring firm to the retail community…
Category: Sports/Fitness
Study: Bike Injuries Becoming More Severe
The severity of injuries and time spent in hospitalized for bicycle injuries tended to increase in the past decade, according to the findings of a study from the University of Colorado, Denver. The number of chest injuries rose by 15 percent, while abdomi
EU Seeks Compromise on Chinese Shoe Imports
The European Commission has proposed extending anti-dumping duties on EU imports of Chinese and Vietnamese shoes for at least 15 months in a compromise to appease Beijing and global shoemakers, a document showed…
Puma Supports Maasai Wilderness Conservation Trust
Puma announced their support of the Maasai Wilderness Conservation Trust (MWCT), a non-profit organization based in Kenya that supports the preservation of biodiversity within the Maasai tribal lands of East Africa by promoting conservation, education and
TAF Parent Works to Get Back into SEC Compliance; Narrows Q1 Loss
NexCen Brands, Inc., the parent of The Athlete's Foot (TAF), finally filed its fiscal 2008 full year and 2009 first quarter results with the Securities and Exchange Commission following a lengthy probe into accounting irregularities. Although the com
New Legislation Will Protect Recreational Hunting and Fishing on Federal Land
Two bills introduced by Senator Lisa Murkowski (R- AK) and U.S. Representative Dan Boren (D- OK) will protect recreational hunting, fishing and shooting on land administered by the Bureau of Land Management (BLM) and the U.S. Forest Service, according to
Survey Finds Bike Shops Value and Support Bike Advocacy
More than 80% of bicycle retailers who responded to a recent Bikes Belong survey said bike advocacy makes bicycling easier, safer, and more widespread. Sixty percent of the respondents said advocacy leads to more sales in their stores…
Kohl’s September Comps Jump 5.5%
Kohl’s Corporation total sales for the five-week month of September 2009 increased 9.6% from the five-week month ended October 4, 2008. On a comparable store basis, sales increased 5.5% for the month of September…
J. C. Penney Comps Fall 1.4% in September
J. C. Penney Company, Inc. comparable store sales for the five-week period ended Oct. 3, 2009, decreased 1.4%, better than the company’s guidance for sales to decrease 3% to 6%. In last year’s September period, comparable store sales decrease
Ross Stores Posts 8% September Same Store Jump
Ross Stores, Inc. reported sales during September increased 12% to $629 million from $561 million a year ago. Same store sales for the month rose 8%…
TJX’s September Comps Climb 7%
The TJX Cos. sales for the five-week period ended October 3, were $2.0 billion, up 8% over the $1.8 billion a year earlier. Comparable store sales increased 7%…
Golf and Rugby Seven Expected to be Confirmed for 2016 Olympic Games
The International Olympic Committee on Friday are expected to approve the introduction of golf and rugby sevens to the program for the 2016 Games on Friday. According the the London's Independent, IOC members is expected to be the first new Olympic s
SGMA Supports Longest Yard Football Classic
SGMA and its members have thrown its support behind the upcoming Longest Yard Football Classic, which raises funds for the Capitol Police Memorial Fund. Among those donating gear for the game are Nike (supplier of jerseys for both teams), Wilson (game bal
Wolverine World Wide’s Q3 Sales Drop 10%; Raises FY09 EPS Guidance
Wolverine World Wide, Inc. said that adjusting for the negative impact of foreign exchange rates, revenue declined 6.9% in the third quarter to $296.8 million. Reported revenue declined 10.1% to $286.8 million. Excluding a restructuring charge, earnings w
Nexcen Logs Loss in Q109 and FY08
NexCen Brands, Inc., the parent of The Athlete's Foot, filed its 2008 Annual Report on Form 10-K and Quarterly Report on Form 10-Q for the periods ending December 31, 2008 and March 31, 2009, respectively, with the Securities and Exchange Commission
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal