SGB Update Apparel
Shoe Carnival Posts Breakout Third Quarter
Shoe Carnival, Inc. attributed its strong third fiscal quarter performance to a large selection of value-priced name brand footwear that resonated well with consumers. Higher-than-expected sales of athletic product during the back-to-school season and ver
Gait Lacrosse Names Grassroots Marketing Manager
Gait Lacrosse, a division of Jarden Inc. that includes sporting goods brands such as Rawlings, Worth, Miken, JT Sports, license products and deBeer, said Bryan Bendig has joined the its team as the Grassroots Marketing Manager…
Golf Equipment Counterfeiters Sentenced to Prison in China
According to a press release from Nike, eight people in China have been sentenced to jail and fined after being convicted of counterfeiting registered trademarks, as well as manufacturing, distributing and selling counterfeit golf equipment…
Pou Sheng Sees Fiscal Year Loss
Pou Sheng International (Holdings) Ltd., the retail arm of footwear maker Hong Kong-based Yue Yuen Industrial (Holdings) Ltd., said it expects to show a net loss in the fiscal year ended Sept. 30…
Foot Locker Posts Q3 Loss On Weaker U.S. Business; Europe Starts to Improve
Foot Locker, Inc. saw the U.S. business remain a challenge in the fiscal third quarter, but also saw some improvement on a quarter-by-quarter sequential basis in both the U.S. and European businesses. The U.S. weakness was also cited as the primary reaso
Zumiez Third Quarter Comps Down 8%; New Stores Boost Revenues
Zumiez, Inc. reported comps slipped 8% in the third fiscal quarter of 2009 but new stores drove revenues to minimal growth. Sequentially, management said sales trends were promising as the back-to-school quarter resulted in same-store sales that were bett
Accell Group Affirms 2009 Earnings Will Rise 10%
European bike maker Accell Group N.V. of the Netherlands affirmed last week its profit and turnover, or revenue, expectations for 2009. Based on sales for the period up to and including October and the prospects for the last two months of the year, the co
Johnson Outdoors Finishes 2009 Poised for the “New Normal”…
Johnson Outdoors Inc. sales declined 20.1% to $65.3 million in the fiscal fourth quarter ended Oct. 2, but losses declined significantly in comparison to a year ago when the company took $44.5 million in non-cash goodwill and asset impairment charges…
Phoenix FW’s Q3 Revenues Fall 32%
Phoenix Footwear Group, Inc. reported final profit for the third quarter of fiscal 2009 was $60,000, or 1 penny per share, compared to a net loss of $2.1 million in the year-ago period…
TAF Parent Slashes Q3 Loss; Revenues Down 11%
NexCen Brands, Inc., the parent of The Athlete's Foot, cuts its loss in the third quarter ended Sept. 30, to $1 million, or 1 cent a share, from $38.4 million, or 68 cents, in the year-ago period. Excluding businesses that have been sold, the year-ag
VF Outdoor Launches Value-Oriented Backpacks
VFC is launching two new backpack brands, Wolf Creek and L8R, in an effort to address a broader audience and leverage the company’s strong sourcing structure. The two brands were created to help retailers in both existing and new channels who have b
NRF Disappointed by Senate Health Reform Bill
The National Retail Federation expressed disappointment in the Senate health care reform bill introduced by Majority Leader Harry Reid, D-Nev…
Son Replaces Father as CEO at CytoSport
Michael Pickett is replacing his father Greg Pickett as president and CEO at the sports nutrition company Cytosport. Greg Pickett, who led the company with Michael Pickett since its inception, will remain the chairman of the board of directors. Michael Pi
Hibbett’s Q3 Earnings Rise 15%; Comps Dip 0.2%
Hibbett Sports, Inc.'s sales increased 4.1% for the 13-week period ended Oct. 31, to $145.9 million compared with $140.1 million a year ago. Comps decreased 0.2%. Net income advanced 14.7% to $8.8 million, or 30 cents a share, from $7.7 million, or 2
Famous Footwear’s Joe Wood to Retire, Brown Shoe Hikes Q3 Guidance
Brown Shoe Company, Inc. announced that division President-Retail Joe Wood plans to retire in 2010. Rick Ausick will assume the role of Division President-Famous Footwear. Brown Shoe also said it expects third quarter earnings to increase over year-ago le
