SGB Executive

Fed Issues New Regulations on Gift Cards

The Federal Reserve Board on Tuesday announced final rules to restrict the fees and expiration dates that may apply to gift cards – a significant source of profit growth in recent years for retailers. The rules protect consumers from certain unexpected co

Li Ning Sees 25.4% Revenue Growth in 2009

Li Ning Group Limited reported revenue grew by 25.4% to RMB8,386.9 million ($1.22 billion). Profit attributable to equity holders rose by 31.0% to RMB944.5 million ($138.3 million), or RMB90.75 cents a share…

Shoe Carnival Q4 Comps Surge 8.8%

Shoe Carnival, Inc. reported sales for the fourth quarter increased 8.8% to $170.8 million from $156.9 million a year ago on an 8.8% comp gain. Net earnings reached $2.6 million, or 20 cents per diluted share, compared to a net loss of $3.0 million, or 24

Sports Associations Form Research Council

Seven of the major governing bodies and trade associations in the sports, fitness, outdoor, and leisure industry have formed a research partnership — The Physical Activity Council (PAC). The goal of the partnership is to identify key trends in sports, f

Faytex Appoints International Sales Manager

Faytex, the textile concern based in Weymouth, MA, appointed William “Bill” Pickett to the newly created position of international sales manager to help mine new and renewed interest in Dri-Lex and Eco Dri-Lex, in particular, outside the U.S…

Taipei Cycle 2010 Draws Record Number of Exhibitors

Taipei Cycle 2010 has drawn a record 894 exhibitors to Taiwan this week. They will be occupying 3,018 booths. That represents growth of 17.3% and 4.5% respectively from last year, according to the Taiwan External Development Council (TAITRA), chief organi

Peak Sport’s Sales Vault 51.6% in 2009

Peak Sport Products Co., Limited reported sales jumped 51.6% to RMB3,094.9 million ($453.3 million). The increase was mainly due to increased demand for Peak's products and continued expansion of its distribution network across China…

Liberty Mountain and Beal Form U.S. Partnership

Liberty Mountain, the distributor of technical outdoor products and climbing brands in the U.S., has reached an agreement regarding the distribution of Beal ropes and products throughout the United States…

NRF Names Matt Shay as President and CEO

Matt Shay has been selected to serve as the next President and CEO of NRF. Shay joins NRF from the International Franchise Association where he served as President and CEO. He succeeds Tracy Mullin, who is retiring after 17 years as NRF's CEO…

Mountain Resort Occupancy Up Slightly Through February

Lodging occupancy at major North American mountain resorts continued to build in February, Mountain Travel Research Program reported. After a strong January, reservations taken in February for arrival in February through July are up 12.7% compared to 2009

Steve Murray Leaving Vans for Urban Outfitters

Urban Outfitters, Inc. announced that Tedford Marlow, president, Urban Outfitters Brand, will retire and be succeeded by Steve Murray on April 12, 2010. Murray has been president, VF Action Sports Coalition since February 2009 overseeing the Vans and Reef

Tiger Woods to Return to Golf

Tiger Woods announced plans to return to competitive golf at the Masters next month. While several sponsors have terminated their relationship with the golfer, companies that banked more directly on his athletic prowess, such as Nike Inc. and Electronic A