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Lacrosse Footwear Q1 Net Jumps 29%

April 24, 2008 SGB Update

LaCrosse Footwear, Inc. reported sales of $24.7 million in the first quarter, up 4% from $23.7 million a year ago. Net income advanced 29% to $0.8 million, or 12 cents a share, from $0.6 million or 10 cents, a year ago…

Columbia’s Q1 Profit Falls 23.8%

April 24, 2008 SGB Update

Columbia Sportswear Co. reported Q1 revenues rose 3% to $297.4 million from 289.6 million a year ago. Earnings fell 23.8% to $19.9 million, or 56 cents a share, from $26.1 million, or 71 cents, a year ago. Global fall 2008 order backlog was $714.4 million

TomTom Sales Fall 10.8% in First Quarter

April 24, 2008 SGB Update

Netherlands-based TomTom said its revenues fell 10.8% to €264 million ($395.5mm) in the first quarter, compared to €296 million ($387.8mm) in the same period a year ago. The company said it expects Europe and North American PND markets will grow by more

Puma’s U.S. Sales Decline in Q1

April 24, 2008 SGB Update

Pinault-Printemps-Redoute (PPR) said Puma's sales rose 6.6% in the first quarter ended March 31, to 673 million euros ($1.07 billion). However, sales fell in the Americas due to weakness in the US mall-based business and in footwear…

Luxzottica Posts 19% Sales Hike

April 24, 2008 SGB Update

Luxzottica Group SpA, the parent of Oakley, reported a 19% drop in first-quarter net profit as retail sales in the U.S., its largest single market, continued to decline and the weak dollar took a toll. Ray-Ban and Oakley posted strong results, as did the

Cabela’s to Pay Back $173,000 in Local Incentives

April 23, 2008 SGB Update

A Cabela's store in Buda, TX, must pay back $173,000 in local tax incentives after missing job targets for the third consecutive year, and the outdoors retail chain probably will have to return some money it received from the governor's Texas En

Singtex to Build bluesign-Compliant Facility

April 22, 2008 SGB Update

Singtex Industrial Co., LTD, Taiwan has signed a contract to perform bluesign screening within its new dyeing and finishing facility with bluesign technologies ag. Singtex will rely on the bluesign standard in managing all environment, health and safety i

NRF: Mother’s Day Spending to Fall Short of 2007

April 22, 2008 SGB Update

Mother’s Day might not be as rosy for mom this year, with consumers planning on scaling back on the quantity of gifts they buy for the holiday. According to NRF’s 2008 Mother’s Day Consumer Intentions and Actions Survey, conducted by BIGresearch, consumer

Wolverine Names New CFO

April 22, 2008 SGB Update

Wolverine World Wide, Inc. named an executive with experience in the automobile and spirts industries as its new CFO. Don Grimes was appointed SVP, CFO and Treasurer, the company said Tuesday. He will join the company at the end of May and report directly

VF Corp’s Q1 Revenues Climb 10%

April 22, 2008 SGB Update

VF Corp. reported first quarter revenues rose 10% to $185 billion from $1.67 billion a year ago. Income from continuing operations climbed 11% to a record $149 million, compared with $134.1 million in the prior year's quarter. Earnings per share from

Candace Parker Signs with Adidas

April 22, 2008 SGB Update

Candace Parker, the first round pick in the WNBA draft, and adidas announced that they have entered into a multi-year partnership agreement. The sponsorship comes after three seasons at the University of Tennessee and two National Championships for Parker

Coach Posts Higher Profit

April 22, 2008 SGB Update

Helped by higher sales at stores in North America and Japan, Coach said net income in its third quarter ended March 29 rose 8% to $162.4 million, or 46 cents per share, from $150.0 million, or 40 cents per share, a year ago. Net sales for the quarter rose