SGB Footwear

Kohl’s Grabs Mervyns Locations

Kohl’s Corporation prevailed in a joint bid with Forever 21, Inc. in an auction of leaseholds held last week for Mervyns sites. Together, the retailers acquired 46 locations for approximately $6.25 million. Kohl’s will assume 31 of the locations while For

Pacific Sunwear Apparel Grows as Footwear is Eliminated

Pacific Sunwear VP of Investor Relations Gar Jackson clarified the circumstances surrounding Division President Thomas M. Kennedy’s recent resignation during the Pacific Sunwear presentation at the Wedbush Morgan Securities California Dreamin’ Management

Season Pass Sales Soar, Bookings Dive at Vail Resorts

Vail Resorts, Inc said last week that its season pass sales were up 29% from the same time last year, but that advance bookings at its mountain resorts were off 23%. The company said that if bookings don’t improve it will have to lower its guidance for th

Kohl’s Acquires 31 Mervyns Locations

Kohl’s Corporation prevailed in a joint bid with Forever 21, Inc. in an auction of leaseholds held yesterday for Mervyns sites. Together, the retailers acquired 46 locations for approximately $6.25 million. Kohl’s will assume 31 of the locations while For

Callaway Brings Back Trade-In Program

Callaway Golf has reintroduced its Trade In! Trade Up! program. The program allows consumers to exchange their old, used Callaway Golf or other major brand clubs for a credit toward the purchase of the latest Callaway Golf equipment…

Innsbruck to Host First Youth Olympic Winter Games in 2012

Innsbruck, Austria will host the 1st Winter Youth Olympic Games in 2012. Innsbruck beat Kuopio, Finland in the final by 84 votes to 15. Following the 1st Summer Youth Olympic Games in Singapore in 2010, Innsbruck will be responsible for staging the 1st Wi

Survey: A Third of Major Retailers Cut Holiday Ad Spend

One-third (32%) of chief marketing officers (CMOs) at leading U.S. retailers state that their holiday marketing and advertising budgets have been reduced this season, according to a survey conducted in October by the accounting and consulting firm BDO Sei

Is This Really Christmas Spirit?

When SportsOneSource reported in late October that adidas planned to cut costs by implementing a hiring freeze and scrubbing plans for year-end parties, the brain trust at Sole Technologies, manufacturers of Etnies, Emerica and eS footwear, among other br

Burton Relocates Brands to Vermont

Burton has begun transitioning The Program, which includes snowboard brands Forum, Special Blend and Foursquare, from its Irvine, CA offices to Burton’s Vermont headquarters. The company said the transition will be complete by early February and will allo

Flip Skateboards Shifts Distribution Partner

Flip Skateboards, Inc. has finalized a buy-out deal from a long term distribution agreement with Blitz Distribution, Inc. Effective immediately, the company has relocated the sales and distribution of its brand to NHS, Inc., in Santa Cruz, CA…

Billabong Cuts EPS Forecast on Weakening U.S. Sales

Billabong International Limited nearly halved its guidance on EPS growth for fiscal 2008-09 from 12% to 16% EPS growth down to 6% to 10% due to further deterioration in consumer sales, primarily in the U.S. The revised guidance implies full year sales gro

Long Beach Port Delays and Lowers New Container Fee

The Port of Long Beach has announced it will delay until at least July 1, 2009 a fee on 20-foot equivalent containers that was set to go into effect Jan. 1, 2009. Additionally, the port will lower the fee from $15 to $6. The Port of Los Angeles is expecte