JJB Sports Divisions Headed for Administration
JJB Sports said it intends to place two loss-making footwear subsidiaries into administration, a form of bankruptcy protection. JJB said its lifestyle division, which operates 64 Original Shoe Company Ltd. stores and 13 stores under the Qubefootwear Ltd.
Retail Sales Rise 1% in January
According to the Commerce Department, retail sales increased in January 2009 compared to December 2008, but still showed a heavy decline compared to the year-ago month…
Asics Lowers Guidance Despite Solid Q3
Asics Corp. reported third quarter net sales of ¥60.42 billion ($628.9 mm), increasing 5.5% from net sales of ¥57.27 billion ($506.3 mm) last year. The company saw growth in both footwear and apparel more than offset a slight decline in equipment sales, b
SEC Settles DKS Insider Trading Case
The U.S. Securities and Exchange Commission settled an insider trading case against four individuals, including the former vice president of real estate at Dick's Sporting Goods Inc., related to the DKS acquisition of Galyan's Trading Company in
WSA Show Can’t Live Up to Lowered Expectations
The WSA Show has rapidly devolved into a regional show once again – but the company that owns the show still has the floor space for a much bigger event. The empty aisles at the Sands Expo and Mandalay Bay had many wondering why show management had not c
The Finish Line Tests New Urban Concept…
The Finish Line Inc. plans to test a new concept called Decibel that eventually could replace its Man Alive chain, according to the Indianapolis Business Journal. The retailer is re-branding four Man Alive stores for an April launch and is remerchandising
American Recreation Products Names Jim Baumann as CEO
American Recreation Products has named Jim Baumann as its new President and CEO. Baumann’s appointment completes an extensive executive search process conducted by Sports Group International…
Karhu Sports and Karhu Holding Reach Settlement
Karhu Holding BV and Karhu Sports Oy have today announced that they have reached an amicable settlement of their dispute involving the ownership and control of the Karhu trademarks…
IPATH Sponsors Jamaican Surf Team
The Jamaica Surfing Association has attracted a sponsorship deal from IPATH, a footwear brand owned by Timberland. The contract which will run for two years in the first instance with a value in excess of a million Jamaican dollars per year includes cash,
Globe International Warns of Fiscal H1 Loss
Globe International expects to report an estimated EBITDA loss from operating activities for the half year ended December 31 2008. The company said that the loss, estimated to be in the range of A$5.0 million to A$6.0 million, was based on preliminary un
Report: Online Sales Decline in Fourth Quarter
In releasing its retail e-commerce sales estimates for the fourth quarter, comScore, Inc. said that online retail spending declined 3% versus year ago, the first recorded quarter of negative growth since comScore began tracking e-commerce spending in 2001
A4 Adding Performance to Product Line
A4 is reporting that it will upgrade all garments in their collection to include moisture management and stain release technologies. A4 said they were answering the retailers call for better prices and comfort in on-field gear. The upgrade will take pla
Twins ’47/Banner ’47 Strengthens Sales Force
Twins '47 headwear and Banner '47 apparel, formerly Twins Enterprise, Inc., have added two key sales representatives to oversee key territories. The new reps will cover Illinois, Indiana, Michigan, Ohio and Wisconsin…
GSI Commerce Posts 16.8% Q4 Sales Gain
GSI Commerce reported fourth-quarter revenues grew 16.8% to $391.4 million from $335.1 million. Net revenues from product sales grew 9.8% to $244.8 million from $223 million while service fee revenues jumped 32% to $146.6 million from $112 million…
I/O Bio Adds New Sales Reps
I/O Bio, manufacturer of natural merino wool urban/base layers, has added to their arsenal of sales professionals with the addition of Morrison Sports Marketing in the hybrid Mid-East region…
