SGB Update Apparel

EMS Sees New Financing Fueling Future Growth

Eastern Mountain Sports sees opportunities in the current recession and has closed on new financing totaling $50 million and a new, larger senior credit facility to help facilitate growth over the next few years. The new influx in equity from its existin

The END of the Road

In a release late Friday after press time, LaCrosse Footwear, Inc. said it had made a strategic decision to discontinue END Footwear (Environmentally Neutral Design) as a stand-alone outdoor and running brand. The release indicates that LaCrosse plans to

SEC Seeks More Than $22 Million from Former Kmart CEO

The Securities and Exchange Commission is seeking more than $22 million from the former CEO of Kmart Corp., Charles Conaway, for “intentionally lying” to Wall Street and concealing information from Kmart directors prior to its bankruptcy filing in 2002…

Weather Helps and Hurts Second Outdoor Sales

As consumers and analysts feel like they are beginning to see the end of the recession, spending on outdoor footwear, apparel and equipment seems to be turning around. Like many metrics recently cited by economists, the retail point-of-sale data compiled

Liberal Season Proposed for Upcoming Late Waterfowl Season

U.S. Fish and Wildlife Service today proposed continuation of liberal hunting season lengths for the upcoming 2009-2010 late waterfowl seasons, according to a release. Duck hunting season lengths would be 60 days in both the Atlantic and Mississippi Flywa

Escalade Sees 20% Drop in Sporting Goods Sales in ’09

Escalade Inc. reported that its Sporting Goods division's net sales declined 19.8% and 16.6% in the second quarter and first half of fiscal 2009 respectively. The company expects Sporting Goods sales to be approximately 20% lower in 2009 compared to

Neiman Marcus Comps Drop 27.3% in July

Neiman Marcus, Inc. announced the preliminary company-wide revenues for July 2009. The Company’s fiscal year 2008 ended on August 2, 2008, which included a fifty-third week…

Nordstrom Reports July Comps Slide 6.9%

Nordstrom, Inc. reported a decrease in same-store sales for July of 6.9% compared with the same period in fiscal 2008. Preliminary total retail sales were $806 million for the four-week period ended August 1, 2009, a decrease of 4.1 percent compared with

Target July Comps Fall 6.5%

Target Corporation sales for the four weeks ended August 1, 2009 were $4.42 billion, a decrease of 3.2% from $4.57 billion for the four weeks ended August 2, 2008. On this same basis, July comparable-store sales decreased 6.5%…

Small Outdoor Business Owners Pessimistic About Economic Recovery

In a survey released today by Outdoor Industry Association (OIA), small businesses reported their revenue expectations for 2009 continue to fall and employment indicators continue to decline. Bottom line: Outdoor businesses have a more negative view abo