SGB Footwear

European Footwear Importers Encouraged by EC Vote

As expected, the European Commission Anti-Dumping Advisory Committee voted 15 to 10 against renewing anti-dumping duties on leather footwear from China and Vietnam. The vote gave hope for global footwear brands that will be lobbying intensely in coming we

Johnson Outdoors Slashes Loss, Sales Decline 20%

Johnson Outdoors Inc. cut its loss from continuing operations to $14.2 million, or $1.55 a share, from a loss from continuing operations of $73.5 million, or $8.07, a year ago. While restructuring costs accounted for more than half of the reported operati

GAO Report Finds Credit Card Swiping Fees on the Rise

A report by the General Accountability Office released Thursday found that credit card interchange rates have risen despite Visa and MasterCard claims that they have remained “fairly” constant. The National Retail Federatoin said it hopes the

Son Replaces Father as CEO at CytoSport

Michael Pickett is replacing his father Greg Pickett as president and CEO at the sports nutrition company Cytosport. Greg Pickett, who led the company with Michael Pickett since its inception, will remain the chairman of the board of directors. Michael Pi

Bikes for Kids Utah Partners with Cycle Force Group

Bikes for Kids Utah, a non-profit 501(C)3 organization, will purchase 1,000 Bikes for Kids Utah-branded bicycles from Ames, Iowa-based Cycle Force Group. The non-profit will give the bikes to underprivileged Utah children during the its fifth annual bicyc

Zumiez Q3 Sales Inch Up 0.8%; Comps Fall 8.0%

Zumiez Inc. reported total net sales for the third quarter ended Oct. 31, 2009 increased 0.8% to $113.2 million from $112.2 million in the third quarter ended Nov. 1, 2008. The company posted net income for the quarter of $5.1 million or 17 cents per dilu

Adidas to Make Euro 1 Sneakers

Adidas has reached an agreement to make €1 sneakers for millions of people around the world who cannot afford to buy shoes, with pilot production to begin next year in Bangladesh. The move, according to the Daily Telegraph, was inspired by Banglades

Phoenix Footwear’s Q3 Revenues Slide 32%

Phoenix Footwear Group, Inc. reported a net profit of $60,000, or 1 cent a share, in the third quarter compared with a a net loss of $2.1 million, or 26 cents a share, for the third quarter of fiscal 2008…

Jackson Kayak Names VP of Sales

Jackson Kayak recently promoted Marty Cronin to vice president of sales for both the whitewater and recreation/touring divisions. Cronin, who has been with the company since its inception, formerly held the post of vice president of sales and marketing of

Accell Group Expects Higher Turnover and Profit

European bicycle maker Accell Group reiterated that it expects a higher turnover and an increase in net profit of around 10% compared to 2008. Still the company said fitness sales were down, in part because distributors could not obtain financing to buy i

Powdr Corp. Agrees to Buy Copper Mountain

Intrawest and Powdr Corp announced they have entered into a definitive purchase agreement to sell Intrawest’s interests in Copper Mountain to Powdr Corp. The transaction is anticipated to close in December 2009 and is subject to the issuance of a U