SGB Footwear

Aldo Group Appoints New CEO

Aldo Group Inc. announced that David Bensadoun as CEO. The eldest son of the company’s founder, Aldo Bensadoun, replaces Patrik Frisk, who has been CEO since 2014. The eldest son of the company’s founder joined the company in 1995 as a project manager.

Buckles February Comps Tumble

The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended February 25, 2017 decreased 23.2 percent.

BCBG Files For Bankruptcy

“Like many other apparel and retail companies, BCBG has fallen victim in recent years to adverse macro-trends, including a general shift away from brick-and-mortar to online retail channels, a shift in consumer demographics away from branded apparel,” Chief Restructuring Officer Holly Felder Etlin.

Finish Line Sells JackRabbit For Nothing

As part of the sale agreement, Finish Line made a payment of $8.3 million into the JackRabbit business as part of pre-closing restructuring and must make an additional $700,000 payment to the buyer, CriticalPoint Capital, on or before September 30, 2017.

NSGA Applauds Congress For Reintroducing PHIT Act

NSGA President & CEO Matt Carlson said. “Passing PHIT will help remove an important barrier to being active, that of cost. Active Americans are healthier, and healthier people will help reduce the crushing burden on our healthcare system.”