Category: Sports/Fitness

A4 Adding Performance to Product Line

February 15, 2009 SGB Update

A4 is reporting that it will upgrade all garments in their collection to include moisture management and stain release technologies. A4 said they were answering the retailers call for better prices and comfort in on-field gear. The upgrade will take pla

Twins ’47/Banner ’47 Strengthens Sales Force

February 11, 2009 SGB Update

Twins '47 headwear and Banner '47 apparel, formerly Twins Enterprise, Inc., have added two key sales representatives to oversee key territories. The new reps will cover Illinois, Indiana, Michigan, Ohio and Wisconsin…

GSI Commerce Posts 16.8% Q4 Sales Gain

February 11, 2009 SGB Update

GSI Commerce reported fourth-quarter revenues grew 16.8% to $391.4 million from $335.1 million. Net revenues from product sales grew 9.8% to $244.8 million from $223 million while service fee revenues jumped 32% to $146.6 million from $112 million…

I/O Bio Adds New Sales Reps

February 10, 2009 SGB Update

I/O Bio, manufacturer of natural merino wool urban/base layers, has added to their arsenal of sales professionals with the addition of Morrison Sports Marketing in the hybrid Mid-East region…

Sport Supply Group Q2 Net Sales Slip 1.7%

February 10, 2009 SGB Update

Sport Supply Group, Inc. said net sales for earnings per share for its fiscal second quarter ending Dec. 31, 2008 were 4 cents per fully diluted share. Net sales for the quarter declined 1.7%. Commenting on the quarter and year-to-date Results, Adam Blume

Nike to Lay Off Up to 4% of Employees

February 10, 2009 SGB Update

Nike Inc. plans to eliminate up to four percent of its nearly 35,000 people worldwide workforce as part of a restructuring and cost-cutting initiative. The company called it the “next stage of its category business model execution, which includes the rest

Wall Street Shrugs Off Tough January Retail

February 9, 2009 SGB Update

The retail results for January and the retail fourth quarter apparently lived up to low expectations as Wall Street shrugged off both the negative comp store sales results and the loss of more than 625,000 jobs during the month…

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

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

Neiman Marcus January Comps Drop 25.8%

February 5, 2009 SGB Update

In the four-week January period, comparable revenues in Neiman Marcus' Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, decreased 25.8%. The company experienced weakness across all geographies and merchandise

Dick’s SG Comps Fall 8.6%; Will Take Impairment Charge

February 5, 2009 SGB Update

Dick's Sporting Goods, Inc. expects to record a pre-tax impairment charge in the range of approximately $165 million to $180 million that will decrease net income by $144 million to $153 million, or approximately $1.29 to $1.37 per diluted share in f

Hartmarx Files for Chapter 11

February 2, 2009 SGB Update

Hartmarx Corp., which makes the Jack Nicklaus, Bobby Jones and Lyle & Scott golf apparel collections, filed for Chapter 11 protection in an Illinois federal bankruptcy court, citing a “substantial decline” in sales to consumers and retailers as well as li

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