SGB Update Apparel
L.L. Bean to Lay Off Over 200 Maine Employees
L.L. Bean Inc. plans to lay off 200 to 240 workers in Maine due to poor sales results, reported the Associated Press (AP). In a letter to its 5,400 employees Friday, the retailer said the voluntary retirement incentives it tried to enforce in February wer
SOLE Internally Promotes Sales, Internet Staff
Footwear company SOLE has promoted several internal staff members. Jonathan Koops, who started with SOLE in August 2003, has been promoted from director of sales to the new VP of sales after successfully restructuring the sales department. Andrew Baerg, w
VF Corp. Q1 Net Income Falls; Outdoor Revenues Up
VF Corporation said on a constant currency basis, first quarter revenues were down 2%, net income decreased 25%, and earnings per share declined 24% to $1.01. Revenues on a reported basis decreased 7% to $1.73 billion, compared with $1.85 billion in the f
Jarden to Offer $250 Million in Notes
Jarden Corp., the parent of Coleman, K2, Rawlings, Marmot and other outdoor brands, said it will offer $250 million in notes and use proceeds to pay off part of its senior credit facility term loans. Jarden said the senior unsecured notes would be guarant
Maturing Performance Apparel Sees Gains Moderate
Performance apparel has been the darling of the sporting goods apparel business over the last few years, netting strong double-digit gains that have masked weakness in many other areas of the apparel market. The categories that make up the performance se
Orange 21: Weak Dollar, Increased Discounting Pull Down H2 of 2008
As a follow up to its initial release of 2008 results the prior week (BOSS_0916) Orange 21 last Monday conducted a conference call to outline their plans to prepare for what will likely be a tough 2009. The action sports company, which manages the SPY and
Wolverine World Wide Q1 Net Falls 58% on Charges, Lower Sales
Wolverine World Wide, Inc. reported that first quarter adjusted profit easily exceeded analysts’ expectations, but management for the footwear brand consolidator warned that 2009 would likely be “one of the toughest years in a few decades for the footwear
Soffe Parent Swings to Profit in Fiscal Q3 on Strong Activewear Gains
Delta Apparel saw considerable strength in its Activewear segment in its fiscal third quarter ended March 28, driven by higher sales of full-package products in its FunTees business. The gains in the Activewear segment, which also includes the Delta bran
Under Armour Partners with Ripken
Under Armour will partner will Cal Ripken Jr. and become the official uniform provider for Ripken Baseball. Among the terms of the 5-year agreement, the Ripken Baseball complex in Aberdeen, Md. will serve as the official home of Under Armour Baseball and
LaCrosse Footwear Q1 Hurt by Retail BK’s
First quarter sales improved slightly for LaCrosse Footwear, but earnings fell after two key retailers filed for bankruptcy during the period…
Specialized Recalls Bicycles
Specialized Bicycle Components Inc., in cooperation with the U.S. Consumer Product Safety Commission, has announced two voluntary recalls of bicycles. Consumers are being advised to stop using recalled products immediately unless otherwise instructed…
Columbia Sees Tough Q1, but Exceeds Guidance
Columbia Sportswear has been cited recently by a number of outdoor specialty accounts as a brand that will get more attention this year, but the company has yet to see any real reversal of fortunes in the U.S. market as weakness in the company’s much larg
OBIT: Charles Caravati, Founder of Dixie Sporting Goods Co.
Charles Caravati, founder of Dixie Sporting Goods Co., has passed away on April 25. Caravati founded Dixie Sporting Goods Company in 1952, and served as president until his retirement in 1987. He was also a former chairman of the board of the NSGA Board o
Wilson, NCAA Donate 13,000 Uniforms to Youth
During the most recent Final Four basketball championship games, Wilson and the NCAA partnered to donate 13,000 brand new uniforms to a wide array of youth organizations, church leagues and school programs in Detroit and St. Louis. Working closely with co
Adams Golf CFO to Exit; Company Names Interim
Adams Golf is reporting that Chief Financial Officer Eric Logan has resigned from the company, effective April 30, 2009. He is leaving to become Chief Financial Officer of Evergreen Alliance Golf Limited, L.P., which owns and manages approximately 80 golf
