SGB Executive Outdoor

Li and Fung Ekes Out 1 Percent Sales Gain in 2012

Li & Fung Limited, which provides sourcing, logistics and distribution services for some of the largest U.S. and European apparel brands and retailers, reported 2012 sales of $20.2 billion, up 1 percent. The Hong Kong company said sales at its trading uni

Billabong Sets Deadline for Final Bids

Billabong International Ltd. has set a March 28 deadline for its two suitors to make final bids, an unattributed source told The Wall Street Journal…

Genesco’s Q4 Hit by Special Charges

Genesco Inc. reported earnings from continuing operations slid 6.7 percent in the fourth quarter, to $38.7 million, or $1.63 per diluted share, compared to earnings from continuing operations of $41.5 million, or $1.72, in the year-ago quarter. Fiscal 201

Report: Rip Curl Sale Unlkely

Brian Singer, co-founder of Rip Curl, told The Australian that a sale of the surf brand isn't likely to happen. In August, Rip Curl appointed Merrill Lynch to investigate sale options…

Costco Posts 5 Percent Comps Growth in February

Costco Wholesale Corporation reported currency-neutral U.S. comparable store sales excluding gasoline prices grew 5 percent in the 12 weeks, and 6 percent in the 24 weeks ended ended March 3…

Adidas Posts Q4 Loss on Reebok Impairment Charges

Adidas reported a loss in the fourth quarter as it wrote down the value of its struggling Reebok brand. But it gave an upbeat outlook for the current year, predicting sales and earnings would rise with sales increasing in the mid-single digit range. It al

Jarden Increases Stock Buyback Program

Jarden Corporation announced that its board of directors has authorized an increase to its current share repurchase program. The authorized share repurchase program is now $500 million. The new program includes the remaining $130 million of unused capacit

Saks Profit Hurt by Higher Costs/Sandy

Saks Inc. reported that for the fourth quarter ended Feb. 2, the company recorded net income of $20.4 million, or $.13 per diluted share…

Granite Gear Hosts Sen. Al Franken at Minnesota Headquarters

Senator Al Franken (D-MN) visited Granite Gear’s headquarters in Two Harbors, MN Saturday, Feb. 23. After being greeted by 30 staff and their family, Franken toured the facility and met with Granite Gear founders Jeff Knight and Dan Cruikshank to d