SGB Executive

June Comps Fall 4.0% at Ross Stores

Ross Stores reported sales of $381 million for the five weeks ended July 3, 2004, a 4% increase above the $367 million in sales for the five weeks ended July 5, 2003. Comparable store sales for the month of June declined 4% from the prior year…

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

June Comps Climb 2.3% at Target

Target net retail sales for the five weeks ended July 3, 2004 increased 8.1% to $4.471 billion from $4.135 billion for the five-week period ended July 5, 2003. On this same basis, comparable-store sales increased 2.3% from fiscal June 2003. Total sales fr

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

Payless June Comps Fall 1.0%

Payless ShoeSource, Inc. same-store sales decreased 1.0 percent during the June reporting period, the five weeks ended July 3, 2004. Company sales totaled $289.2 million, a 0.7 percent decrease from $291.3 million during fiscal June of last year. Same-sto

West Marine June Comps Increase 1.8%

West Marine, Inc. reported that net sales for the five weeks ended July 3, 2004 were $102.7 million, a 4.3% increase over net sales of $98.4 million for the same five-week period a year ago. Comparable store net sales for June, 2004 increased 1.8% compare

Holliday Rejoins Russell Corp. as VP IR

K. Roger Holliday has rejoined Russell Corporation as vice president of investor relations effective July 9. Holliday will be based in Atlanta and report to Eric Hoyle, interim CFO. Holliday originally joined Russell in 1986 as director of financial rela

Forzani Settles in Government Advertising Probe

The Forzani Group Ltd. has entered into a Consent Agreement with the Commissioner of Competition resolving the COC's concerns with respect to certain advertising at FGL's Sport Mart and Sport Chek stores. FGL, however, disagrees with the Compet

adidas America Expands USD Partnership

adidas America and the University of San Diego have expanded and extended their multi- year partnership, effective immediately. The previous partnership dealt exclusively with the school's football program, which recently hired former NFL QB Jim Har

Sears to Test Schwinn Exercise Bikes

The Nautilus Group, Inc. is teaming up with Sears, Roebuck and Co. to begin a test of its Schwinn Fitness brand of cardiovascular equipment at select Sears locations nationwide. Nautilus will test market certain of its Schwinn fitness exercise bikes in 3

Datta Picks Up Entrpreneur of Year Award

Killick Datta, Chief Executive Officer of Global Brand Marketing, Inc. received the prestigious 2004 Ernst & Young Entrepreneur Of The Year Award. The award was presented during an evening celebration at the Beverly Hills Hilton, Los Angeles on June 29…

K2 Closes Marmot Deal; Completes Financing Actions

K2 Inc. has closed its previously announced acquisition of Marmot Mountain Ltd. The purchase price was approximately $84 million plus the assumption of debt. Additionally, K2 announced that it has completed several financing transactions to support curre

Trek, Maverick, and Pacific Settle Their Dispute

Maverick American, Pacific Cycle, and Trek Bicycle Corporation have resolved on amicable terms their lawsuits concerning alleged claims of patent infringement. In the lawsuits, Pacific Cycle asserted that Maverick American’s ML7 and Trek’s Klein Palomino

Axcent Sports Adds New Reps

Axcent Sports, the exclusive supplier of Descente Cycle, Run, Triathlon and Fitness apparel in the USA and Canada has added key sales reps in important territories over the last several weeks in preparation for its Spring 2005 product launch. Chris Watson