Tag: People

Wal-Mart Q4 Sees Steady Net Sales

February 17, 2009 SGB Update

Wal-Mart Stores, Inc. said net sales for the fourth quarter ended Jan. 31, 2009 were $107.99 billion, an increase of 1.7% from $106.21 billion in the fourth quarter last year. Income from continuing operations for the quarter was $3.792 billion, a decreas

JJB Sports Divisions Headed for Administration

February 16, 2009 SGB Update

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.

REI 2008 Net Income Falls After Tougher Q4

February 16, 2009 SGB Update

REI said it plans to eliminate 61 full-time jobs, mostly at its Kent, WA headquarters and Sumner, WA distribution center, due to a “significant business slowdown in the final months of 2008 and continued projected weakness in 2009.”..

New Rep Joins Suunto

February 16, 2009 SGB Update

Judd Feingold of Up East Sales is now part of the Suunto Sales team. Feingold’s territory includes Massachusetts, Connecticut, Vermont, New Hampshire, Rhode Island and Maine. Feingold has been in the New England territory for 7 years and brings plenty of

Sport Supply Fiscal Q2 Income Up Triple-Digits

February 16, 2009 SGB Update

Revenues for Sport Supply Group slipped slightly for the second quarter ended December 31, but the company sustained growth for the front half of fiscal 2009, with top-line growth hovering around 2% for the period…

Gildan’s Q1 Earnings Tumble, Suspends Guidance

February 16, 2009 SGB Update

Gildan Activewear reported that fiscal first quarter net income tumbled 84.6% for the period ended January 4, primarily due to significantly lower unit sales volumes, combined with higher cotton and energy costs, and unfavorable product mix…

Boa Technology Hires New Marketing Manager

February 11, 2009 SGB Update

Boa Technology, Inc., makers of the Boa Lacing System, has retained Backbone Media, of Carbondale, CO to manage all public relations efforts. The move follows the recent hiring of industry veteran Garett Graubins as marketing manager…

GSI Commerce Posts 16.8% Q4 Sales Gain

February 11, 2009 SGB Update

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…

Layoffs at Brown Shoe and Macy’s

February 9, 2009 SGB Update

Macy's Inc. and Brown Shoe Co. joined a number of companies announcing major layoffs to streamline operations in the face of the recession. Macy's plans to cut 7,000 jobs, or 4% of its workforce, while Brown Shoe, the parent of Famous Footwear,

Grenade Gloves Hires New Sales Force Throughout U.S.

February 6, 2009 SGB Update

Grenade Gloves implements a new sales force in several key regions throughout the US. Marty Carrigan is the West Regional Sales Manager with an extensive background in equipment, apparel and accessories for the action sports industry. He is currently on

January Comps Decrease Slightly for Target

February 5, 2009 SGB Update

Target Corporation reported that its net retail sales for the four weeks ended Jan. 31, 2009 increased 0.8% to $4,138 million from $4,106 million for the four weeks ended Feb. 2, 2008. On this same basis, January comparable-store sales declined 3.3%…

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