SGB Update Apparel
Skechers Posts Q4 Loss as Margins Shrink
Skechers USA Inc. said it posted a loss in the 2008 fourth quarter, a loss the company attributed to the weak retail environment. Lower margins for the period were the result of the company cutting inventories to match lower consumer demands. Net sales f
Element 21 Cuts Operating Loss
Element 21 Golf Company generated fiscal Q2 revenue of $430,651, an increase of 168% compared to revenue of $255,801 in the same period in fiscal 2007…
Sport-Haley Sees Fiscal Q2 Results Tumble Across Board
Sport-Haley, Inc. reported net sales of fashion apparel in its second quarter ended December 31 were $3.2 million, a decrease of 26%, from net fashion apparel sales of $4.4 million for the comparable three-month period in the prior fiscal year…
Westfield to Cut Operating Hours
According to reports, Westfield Group will cut operating hours at most of its 55 U.S. malls. Most of Westfield Group's malls will open 30 minutes later and close 30 minutes earlier on weekdays, spokeswoman Katy Dickey said. About a third will close a
Chick’s Headquarters to Close
According to local reports, the Covina, CA headquarters for Chick’s Sporting Goods will close as its new owner, Dick Sporting Goods, continues to absorb operations…
Gander Mountain Expects Q4 Earnings to Rise
Gander Mountain Co. said it expects consolidated sales for the fourth quarter of approximately $333 million, compared to $318 million in the year-ago period, a 4.9% increase. Net income is expected to reach approximately $20 million compared to net income
K-Swiss Opens Store in
K-Swiss plans to open its first-ever running retail store in the Tienmu area of Taipei, Taiwan. To celebrate the grand opening, K-Swiss will host a high energy 10K Race in Taipei that has already attracted the maximum capacity of 2,500 runners on Sunday,
Report: JJB to Close 46 Lifestyle Stores
Reports out of the U.K. have KPMG, which was named administrator of JJB's lifestyle Original Shoe Company and Qube stores, closing 46 of the 77 door in operation. This move will in turn cause 438 positions to become unnecessary for the retailers. The
High Sierra Acquires Mervyns Registrations for Trademark
High Sierra Sport Company has acquired all Mervyns registrations for the trademark High Sierra. The purchase price of the sale was undisclosed. High Sierra is first and foremost a bag/luggage company and steadfast about not entering either the footwear or
Nordstrom Q4 Earnings Plummet, Comps Fall 15.8%
Nordstrom, Inc. reported net earnings of $68 million, or 31 cents per diluted share, for the fourth quarter ended Jan. 31, 2009. For the same quarter last year, Nordstrom reported net earnings of $212 million, or 92 cents per diluted share…
Confluence Introduces Community-Based Boating Incentive
From Apr. 1, 2009 through Aug. 31, 2009, Confluence Watersports will roll out a brand new program designed to support local organizations, introduce more people to paddling and establish a platform for a long-term sustainability initiative…
Deuter Becomes bluesign Member
Deuter has officially become a bluesign member. With this membership, Deuter's products are designated as meeting strict international requirements regarding sustainability, health and safety (EHS). All bluesign products guarantee the use of componen
Triumph Apparel to Lay off 226
Triumph Apparel will permanently lay off 226 employees, according to a report by The New York Dispatch. The layoffs-all of which will take place in York County-will coincide with the closing of two seperate plants on Feb. 25…
Amer Sees Novator Up Stake to 20.1%
Amer Sports Corporation reported that Novator Finland Oy has converted all of its NASDAQ OMX forward contracts into direct holdings in shares of Amer Sports Corporation representing 20.11% of the shares and voting rights…
Billabong H1 Sales Rise as EBITDA Stays Flat
Billabong reported that first half net sales jumped 22.1% as healthy growth in the company’s home Australasian market was outpaced by stronger gains in the Americas and Europe. Net sales grew to A$808.6 million ($632.6 mm) from A$662.0 million ($575.2 mm)
