Tag: People

Crocs Closing Aurora, CO Distribution Center

May 12, 2009 SGB Update

Crocs plans to close its Aurora, CO distribution center on July 8, a move which will eliminate 37 jobs. The shoe manufacturer does not expect the move to affect any of the 390 employees at its Niwot, CO headquarters…

Aldila Q1 Sales Drop Sharply

May 11, 2009 SGB Update

Aldila, Inc. net sales fell 34.7% to $13.8 million for the first quarter from $16.7 million in the year-ago period. The drop was attributed to the continued decline in first quarter golf industry sales. The company also reported a net loss of $48,000, or

Iconix Raises Guidance; Acquires Stake in Ed Hardy

May 11, 2009 SGB Update

Thanks to better-than-expected Q1 results driven by the successful roll out of Op, Starter and Danskin Now at Wal-Mart as well cost-cutting efforts, Iconix Brand Group raised its guidance for the full year.
Iconix also acquired a 50% interest in Hardy Wa

Conservation Leaders Meet With Obama Administration

May 11, 2009 SGB Update

The President's budget contains both positive and potentially dubious news for sportsmen, according to a release by Ducks Unlimited. Today's budget request calls for increased funding for wetlands and waterfowl habitat programs, but also limits

Cost Reductions Lift Q2 Profits for Johnson Outdoors

May 8, 2009 SGB Update

Johnson Outdoors Inc. said second-quarter sales fell 12.5% to $106.6 million compared to $121.8 million in the prior year period. Net income from continuing operations of $2.5 million, or 27 cents a share, marked a threefold-improvement over net income of

Luxottica Sees Q1 Top Line Fall 6.2%

May 8, 2009 SGB Update

For the first quarter of 2009, Luxottica posted sales of Euro 1.31 billion ($1.72 billion), compared to Euro 1.40 billion ($2.10 billion) for the first quarter of 2008 (down by 6.2% at current exchange rates and by 11.6% at constant exchange rates)…

Stage Stores Reports April Comps Slip 1.5%

May 7, 2009 SGB Update

Stage Stores, Inc. reported that its total sales for the four week April period ended May 2, 2009 increased 1.1% to $107.7 million from $106.5 million in the prior year four week period ended May 3, 2008. Comparable store sales decreased 1.5% this year ve

Target April Comps Remain Steady

May 7, 2009 SGB Update

Target Corporation said net retail sales for the four weeks ended May 2, 2009 were $4.45 billion, an increase of 4.5% from $4.25 billion for the four weeks ended May 3, 2008. On this same basis, April comparable-store sales increased 0.3%…

Neiman Marcus’ Comps Tumble 22% in April

May 7, 2009 SGB Update

Neiman Marcus, Inc. reported comparable-store sales slumped 22.5% in April. Total sales were down 21.2% to $271 million from $343 million a year ago. In the four-week April period, comparable revenues in the Specialty Retail Stores segment, which includes

Broder Bros. Amends and Extends Exchange Offer

May 6, 2009 SGB Update

Broder Bros., Co. announced that it had amended certain of the terms of its pending private exchange offer for all of its 11.25% senior notes due 2010 to reduce the minimum tender condition to a minimum of $213.75 million in principal amount of the Existi

Parent of Gargoyles Posts Loss

May 6, 2009 SGB Update

FGX International, the parent of Gargoyles, reported sales increased 3% in the first quarter to $61.1 million from $59.2 million a year ago. The net loss was $0.6 million, or 3 cents a share, against net income of $2.2 million, or 10 cents, a year ago. Th

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