SGB Footwear

Jones Group Cuts Q4 Outlook

January 11, 2012 SGB Update

The Jones Group Inc. said adjusted and reported fourth-quarter revenues will be in the range of $892 million to $895 million versus previous guidance of $918 million to $961 million. Adjusted and reported gross profit margin is estimated to approximate 35

Delta Apparel Cuts Q2 EPS Guidance

January 11, 2012 SGB Update

Delta Apparel, Inc. cut its Q2 guidance. Factors cited were record cotton prices combined with selling price discounts as well as lower sales volume in branded products due to price increases to retailers that resulted in somewhat reduced demand…

Power Balance Receives Court Approval to Exit Bankruptcy

January 11, 2012 SGB Update

Power Balance Performance Technology, the maker of wristbands worn by professional and amateur athletes, has received court approval to emerge from bankruptcy under new ownership. The new owners, which will operate as Power Balance Technologies Inc., plan

SPRI Adds Dean Young as National Account Manager

January 11, 2012 SGB Update

SPRI Products, Inc., a leading distributor of rubberized resistance products and fitness accessories, recently hired Dean Young as national account manager, working in the company’s Commercial Division calling on all vertical markets, including hosp

Bergans Opens U.S. Subsidiary in Colorado

January 10, 2012 SGB Update

Premier European outfitter Bergans of Norway has established a wholly owned subsidiary, Bergans USA LLC, to serve the North American market. Located in Longmont, CO, Bergans USA will be led by longtime industry executives Patry “Pat” Loomis as CEO, and Ke

KKR Makes Bid for Australia’s Pacific Brands

January 10, 2012 SGB Update

KKR, the buy-out company, has made an unsolicited bid for the struggling Australian clothing company, Pacific Brands. Pacific Brands' board confirmed it is holding preliminary discussions with KKR about the approach but said there was “no certainty t

Blacks Leisure Sold to JD Sports for £20 Million

January 10, 2012 SGB Update

Blacks Leisure has completed its sale of substantially all of its trade, assets and brands to a wholly owned subsidiary of JD Sports Fashion plc for £20m in cash. The UK outdoor specialty retailer said it appointed Monday three KPMG LLP partners as admini

A.T. Cross Says Optical Business Grew 20 Percent in 2011

January 10, 2012 SGB Update

A.T. Cross Company said it expects to meet previously issued earnings guidance for 2011 after sales at the Cross Optical Group, which owns the Costa and Native sunglass brands, grew 20%. However, the company said a double-digit decline in European sales i

Hincapie Sportswear Names P.R. Agency

January 10, 2012 SGB Update

Hincapie Sportswear, the family-owned manufacturer of premium road cycling and casual apparel for consumers, teams and clubs, has selected Lyman Public Relations as agency of record…

Crocs Sees 4Q Revenue At High End Of Guidance

January 10, 2012 SGB Update

Crocs Inc. said its fourth-quarter revenue will be at the high end of its expectations and said it expects its full-year revenue to exceed $1 billion for the first time in the footwear company's history…

Wilson Signs Victoria Azarenka as Sponsor

January 10, 2012 SGB Update

Wilson Sporting Goods has signed a long term partnership with tennis star Victoria (Vika) Azarenka. Azarenka, who most recently defeated Jelena Jankovic in the second round of Apia International, was formerly with tennis racquet company Head but under ter

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