SGB Executive

TNF Moves Ahead Amid VF Challenges…

The issues that are plaguing VF Corporation appear to be a non-issue for The North Face, the conglomerate’s hot hand in it’s “Outdoor Coalition”. Last week, we reported that VFC was forced to revise its Q2 guidance downward on inventory hangovers…

As They Clear Away the Distractions…

In other news last week, Cutter & Buck said they will pay as much as $7 million to settle two shareholder lawsuits that were triggered by the restatement of its financial results. The suits were filed last year after new CEO Fran Conley reported that for

Cutter and Buck Fixin’ to Grow Again…

Cutter & Buck had a fairly active week last week, first announcing the settlement of its shareholder lawsuits, followed by a report that the company had reached an agreement with the SEC that would resolve its investigation, and finally ending with the re

Kmart GM Jumps as Comps Disappoint…

Shares for the new Kmart Holding Corp. jumped 36.2% for the week to close at $25.20 on Friday after the reporting early in the week that the discounter had narrowed its Q1 losses amid lower comparable stores sales for the quarter…

Margin Alert: Retail Inventories Climbing

Retailers faced soft traffic and deflating prices in Q1, now they have a new worry in the Q2: high inventory levels.
As reported in last week’s SPORTS EXECUTIVE WEEKLY, in their first-quarter earning releases, many retailers reported big jumps in

Footstar Surges on Journal Article

Shares of Footstar rose nearly as much as 20% on Tuesday after the Wall Street Journal reported that some analysts and investors are betting recent concerns about the shoe retailer are exaggerated…

Say Good Bye to Bar Codes…

The issues raised at the recent NSGA Management Conference about the standardization of source-tagging may be answered sooner rather than later after Wal-Mart made the announcement last week that they will start to require its suppliers to be radio-freque

Fila Adds Peveto as SVP Global Footwear

Sport Brands International has named industry veteran Mikal Peveto as SVP Global Footwear for Fila. In his new role, Mr. Peveto will assume global responsibility for Fila footwear design, development and marketing and will oversee the company's effo

Cabela’s Plays Musical Chairs…

The ink was barely dry on the the re-org announced two months ago, but Outdoor lifestyle retailer and cataloguer Cabela’s has again shifted a few seats in the executive suite.

Brunswick Acquires Majority Stake in GPS Maker

Brunswick Corporation has acquired 70% of the stock of Navman NZ Limited, a New Zealand-based leader in global positioning systems (GPS)-based products and marine electronics, for total consideration of approximately $33 million. Brunswick said it has an

Sports Brands Completes Fila Deal…

Sport Brands International, LLC (SBI) on Tuesday closed the $351 million acquisition of all global Fila subsidiaries, which include Fila USA, Fila Sport SpA, Fila Nederland BV, Ciesse Piumini SRL and Enyce, from Fila Holding S.p.A. SBI will also assume a

Holiday Resigns from GolfGear

Chris Holiday has resigned as senior vice president of sales and marketing at GolfGear International, Inc. to pursue other business interests…

Upland Sports Group to Distribute Somec Frames

Upland Sports Group has been selected as the U.S. distributor for Somec frames. Somec frames offer several different frames, materials, and options for the serious triathlete…

GBMI Adds VP’s for International and Product Strategy

Global Brand Marketing, Inc. has announced two promotions designed to deepen and strengthen GBMI's executive management team worldwide. Charles Dallain has been promoted to Vice President of International Sales, Europe, Middle East & Africa and Kris

Asics Sues Target for Trademark Infringement

ASICS TIGER Corporation and ASICS Corporation Japan have filed suit in Federal District Court in the District of Minnesota against Target Corp. for trademark infringement, unfair competition, and trademark dilution…