SGB Executive

June Retail Results Cause Concern for BTS…

June retail results surprised many that had become accustomed to the run-up in retail sales performance over the last six months or so. But as tax rebate checks get spent, gasoline prices stay high, and the Fed starts to raise interest rates, the consume

Sears Establishes New Retail President Role; Cosby Exits

Sears, Roebuck and Co. has established a new, expanded leadership position of President of Sears Retail. The new role reflects the next phase of the company's growth strategy, including Sears' recently announced accelerated expansion off-mall.

Operators Settle Suit Over Steamboat Sale

Triple Peaks, LLC and American Skiing Company have jointly announced the settlement of the lawsuit regarding the termination of the proposed 2002 sale of the Steamboat Ski Resort to Triple Peaks, LLC. In return for a cash settlement, Triple Peaks has agr

Triple Peaks and American Skiing Co. Settle Steamboat Suit

Triple Peaks and American Skiing Company have jointly announced the settlement of the lawsuit regarding the termination of the proposed 2002 sale of the Steamboat Ski Resort to Triple Peaks, LLC. In return for a cash settlement, Triple Peaks has agreed to

Oakley Lowers Guidance on Softer than Expected Sales

Oakley expects to report its second quarter net sales will be approximately $152.0 million, an increase of 5.7% over the year-ago period. As a result of these sales, the company has revised its annual earnings guidance of 65 cents per share on 12% net sal

Dick’s Clears Antitrust Hurdle in Galyans Deal

According to Dick's Sporting Goods, the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to its pending all cash tender offer for all of the outstanding shares of common stock of Galyan's Tr

Product Disputes to Accelerate Conley’s CBUK Departure

Per a Transition Agreement, Fran Conley will remain the Cutter & Buck's chairman and CEO, and a member of the Company's Board, through September 15, 2004 and then transition to an employee through March 15, 2005. She will work with the Board on

Footstar Sells California DC for $20 Million

Footstar, Inc. has entered into a definitive agreement to sell the Company's distribution center in Mira Loma, California and to outsource certain warehousing and distribution operations to support the ongoing needs of the Company's Meldisco div

Schoeller Expands into Turkey

Switzerland’s Schoeller Textil AG will open its new sales office in the International Textile Center near Istanbul. Schoeller Turkey Ltd. guarantees a presence for the Swiss textile corporation and the ability to act quickly in Turkey, known to be one of

Chris Smith and Specialized Part Ways

Recently, Specialized announced that Chris Smith would join their team as General Manager of Specialized USA. Mike Sinyard, the company's founder and president recently wrote a letter to his dealers stating that Chris and his family will not be maki

Callaway Acquires FrogTrader Used Club Partner

Callaway Golf Company has acquired all of the stock of FrogTrader, Inc., which had operated under the name Trade Up Commerce. FrogTrader has partnered with Callaway Golf and its participating retailers for the past two years to develop the Trade In! Trade

BofA Inks Major Sponsorship Deal with Baseball Leagues

Bank of America is the first company to simultaneously sign national agreements with Major League Baseball Properties, Minor League Baseball and Little League Baseball, and positioning the company as the “Official Bank of Baseball” in a deal announced Thu

Neiman Marcus June Comps Jump 13.0%

The Neiman Marcus Group comparable revenues in the Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, increased 13.5%. Stores in the Southeast and West had the strongest sales results. Comparable revenues at Neiman

Longenecker Resigns from USCSA

Tim Longenecker, the Administrative Director for the U.S. Collegiate Ski & Snowboard Association has decided to resign after ten years of service. His involvement with the USCSA goes back to the early ‘80’s when he was competing in the league. He will be

LPGA Signs Headwear Deal with Drive Headwear

The Ladies Professional Golf Association has inked a deal making DRIVE Headwear the exclusive and official headwear provider of the LPGA. Under this new partnership, DRIVE Headwear will develop a line of hats complementing The LPGA Collection, an LPGA-br