SGB Executive

Adams Golf Profits Quadruple on 5% Sales Decline

Adams Golf said that while sales slipped 5% in the first quarter, it ended the period with more than three times the open orders as a year earlier – largely because specialty retailers boosted orders amid limited availability from other vendors…

Phoenix Footwear’s Q1 Sales Slide 3%

Phoenix Footwear Group, Inc. earned $440,000, or 5 cents per share, in the first quarter, rebounding from a loss of $3.0 million for the first quarter of 2009…

Wells Fargo Extends $225M Cabela’s Loan 18 Months

Cabela’s Incorporated said Wells Fargo Bank, N.A. renewed its $225.0 million commitment under an outstanding series of variable funding notes issued by Cabela's Credit Card Master Note Trust. The commitment is for 18 months…

Lululemon athletica Boosts Stake in Australian Venture

Lululemon athletica inc. increased its equity interest in its Australian joint venture partner, New Harbour Yoga Pty Ltd., from 13% to 80.3%. The deal marks lululemon's increasing commitment to the market where it operates nine stores and four showro

Boulder Creative Agency Hires adidas Exec

Sid Factor Seven, a product and creative agency in Boulder, CO, named Max Milverstedt to the newly created position of VP of Marketing and Product Strategy. Milverstedt left adidas Group in Portland and has relocated to Boulder to head up the new division

Stein Mart Appoints Belk Exec Director of Stores

Stein Mart Inc. has appointed a former Belk Inc. executive as senior vice president and director of stores. Gary Pierce has worked for Belk since 1993, most recently as senior vice president and director of stores for its central and northern divisions…

Orange 21 Sees 15% Q1 Revenue Gain

Orange 21 Inc., which owns Spy Optics, reported sales climbed 15.3% in the three months ended March 31, to $8.3 million from $7.4 million a year ago…

Dorel Plans to Triple Custom Cycling Apparel Sales by 2015

Dorel Industries Inc. said it expects to triple its sales of custom cycling apparel for teams in the next five years with help from a new design, manufacturing and distribution center it opened Wednesday in the Metro-Vancouver area…

Easton-Bell’s Q1 Sales Up 5% on Resurging Team Segment

Easton-Bell Sports Inc. said net sales for the first quarter ended April 3 rose 5.0% to $194.1 million on an 8.8% rise in team sports sales and 4.4% decline in action sports sales on a constant currency basis. Operating income rose 18.0% compared to the f

The Merino Co. Adds Apparel Unit

The Merino Company (TMC), which provides supply chain management services to retailers and apparel brands, has launched TMC Apparel to focus on providing natural fibre, merino garment solutions to leading apparel retailers in Australasia…