SGB Executive

Former Reebok Exec Named Dollar General Chaiman

Discount retail chain Dollar General Corp. on Monday said it named Chief Executive David Perdue as chairman, as expected. The former Reebok Brand president joined the company on April 2 as CEO and a member of the board…

Puma’s Major Shareholder Sells Entire Stake in Company

Shares at Puma AG fell as much as 10% in early trading on Monday after major shareholder, Monarchy/Regency Enterprises, put its entire 39% holding up for sale. Puma said it has no plans to look for another majority shareholder to replace the entertainmen

Gold Toe Manufacturing Temporarily Interrupted

Gold Toe Brands (formerly Great American Knitting Mills) on Monday reported that manufacturing of their socks in Mexico has been interrupted due to a fire at one of their suppliers. The company is confident that this interruption will have minimal impac

Callaway Settles with ‘Big Easy’ Knockoff Sellers

Callaway Golf Company announced that Shirley Tsou and GolfCo in Brea, California, as well as Alex Mowry and National Golf Liquidators of Oceanside and Anaheim, California, have agreed to a permanent injunction prohibiting them from selling “Big Easy” golf

Tropical Sells the Duck Head Brand to Goody’s

Tropical Sportswear Int'l Corporation announced has sold the Duck Head trademark to Goody's Family Clothing, Inc. for $4 million in cash. The purchase agreement provides that TSI will be able to continue to sell existing Duck Head inventory for

Piraino Resigns from GolfGear International Inc.

Michael A. Piraino has resigned as president, chief financial officer and director of GolfGear International Inc., to pursue other business interests, it was announced Monday by Peter Pocklington, chairman…

New Balance to License Socks to Moretz

New Balance Athletic Shoe, Inc. has signed a license agreement with Moretz Sports for performance socks.
Effective January, 2004, Moretz Sports will manufacture, market and distribute New Balance performance socks in association with the New Balance sales

Adams Golf CFO Resigns

Adams Golf announced Friday that its Chief Financial Officer, D. Keith Ford has resigned from the Company to pursue other interests. Mr. Ford joined the Company in December 2002…

NPD Study Reports Consumers to Spend More on Apparel and Footwear

According to a post-war consumer spending study, recently released by The NPD Group, Inc., many consumers are willing to spend more on apparel and footwear, despite disappointing retail sales. According to NPD, the apparel and footwear industries decreas

SGMA: Children’s Sports Interests Run The Gamut

Once again, sports, fitness initiatives and fun festivities are the dominant sports/recreational activities for America’s children. That’s the conclusion of SGMA International following its recent analysis of the Superstudy® of Sports Participation

Kellwood Q1 Sales and Earnings Jump on Acquisition Contribution

Kellwood Company reported sales for the first quarter increased $118 million, or 21%, to $689 million versus $571 million last year. The increase includes $98 million from the acquisition of Gerber Childrenswear in June 2002. Net earnings for the quarter

Precor Opens Japan Operations

Precor has expanded its operations into Japan, with new offices in Tokyo and Osaka. The offices are located within existing Amer Sports offices, where Precor division manager Koji Akiya and his team are working closely with Amer finance and operations re

G-III Narrows Fiscal Q1 Loss On 47% Sales Jump

G-III Apparel Group, Ltd. reported net sales of $18.7 million for the three-month period ended April 30, 2003 compared to net sales of $12.7 million in the year-ago quarter. The company posted a net loss of $2.6 million, or $0.38 per share, for Q1 compar

NPD Post-War Study Reports Lift in Consumer Purchase Intent

Results from a just-released consumer spending study by leading market information company The NPD Group, Inc. indicate a significant increase in consumer optimism as measured by discretionary spending intentions for May – July, 2003. Fielded to NPD’s on

NRF: Retailers Say Bush Tax Cut Will Create Jobs

The National Retail Federation praised the tax cut bill signed into law Thursday by President Bush, saying the measure will boost the economy and create jobs.
“This tax-cut plan establishes a sound, three-pronged approach that will increase consumer sp