SGB Update Apparel
Industry Exhibits Silver Lining Amidst Stock Market Travesty
As the media highlighted the historic downturn last week as the worst week ever in the market, there were actually a few positives to be taken from the data compiled on Friday. Crazy swings are often seen as an indicator of a market that is looking for t
Buckle Continues Comps Hot Streak, But PacSun and Zumiez Down
Pacific Sunwear of California Inc. reported that sales of $91.2 million for fiscal September decreased 4% from sales of $95.1 million in the year-ago period. Comps for the same period decreased 5%. The numbers include only results from the company’s PacSu
Crocs Sells Foam Creations Unit
Crocs Inc. has sold certain assets of its Foam Creations business unit located in Quebec City, QU, to a Canadian corporation led by former Foam Creations founder Andrew Reddyhoff…
Cabela’s Inc. Cuts 10% of Corporate Headquarter Jobs
Cabela's Inc. reduced its workforce by approximately 10% at its corporate headquarters in Sidney, NE. After completing a review of its organizational structure, the company decided to reduce staffing levels in selected areas. The company expects app
Winter Sports Retailers Usher in Season with Lean Inventories and High Hopes
Despite coming off one of their fattest seasons in years, snowsports retailers are entering the winter with their leanest inventory ever and leaving brands equally anxious over the credit crunch on one hand and lost sales on the other. The consensus is th
REI to Begin Selling GT Bikes
Recreational Equipment Inc. (REI) will begin selling GT bikes at 47 of its stores by the end of the year. This deal follows REI's decision to phase out K2 bikes, which are made by World Wide Cycle Supply…
Coleman Names New Sales VP
The Coleman Company Inc. has named Michael Bach VP of sales with responsibility for leading the field sales team and the food/drug and home channels…
NRF: Container Imports Forecast to Decline 6.5% this Year
Cargo volume at the nation’s major retail container ports is now expected to decline 6.5% in 2008 compared with 2007 as merchants carefully manage inventories in response to the nation’s slow economy. Volume is projected to total 15.43 million Twenty-foot
U.S. House Calls for Imports Monitoring…
In a possible sign that anti-trade forces may be gaining steam, Charles Rangel (D-NY), chairman of the Ways and Means Committee in the U.S. House of Representatives, asked the U.S. International Trade Commission (ITC) to start tracking and reporting data
The SportsOneSource Debate: The Election
Turns out our industry is about as divided as the rest of the country around which Presidential candidate is best qualified to steward our country. Late last week, SportsOneSource queried subscribers asking how the election of John McCain or Barack Obama
The Conservation Alliance Sends out Second Round of Checks
The Conservation Alliance sent checks totaling $450,000 to 17 organizations working to protect wild places throughout North America. The donations marked the Alliance’s final funding disbursal for 2008, and bring the year’s total to $900,000. This round b
Unifi Names President of New China Subsidiary
Unifi, Inc. named Ed Wickes as president of its new China-based subsidiary, Unifi Textiles (Suzhou) Co., Ltd. (UTSC), which will focus on the development, sales and service of Unifi’s premium value-added yarns for the Asian market…
Timex to Sponsor NYC Marathon
Timex Group USA, Inc. has signed on as the official timing sponsor of the ING New York City Marathon. The sponsorship will last four years, from 2008 through 2011, as part of the company’s ongoing initiative to increase the awareness of its state-of-the-a
Bush Signs Bill Encouraging Bike Commuting
Employers may begin reimbursing employees tax-free for bike commuting costs starting Jan. 1, 2009 under a bill signed by President Bush Oct. 3. After seven years of legislative proposals, the bicycle commuter tax benefit has finally become law. The benefi
Dick’s SG Settles FTC Charges
Thursday, the Federal Trade Commission announced a consent agreement and order that settled charges that Golf Galaxy, a subsidiary of Dick’s Sporting Good’s Inc., violated federal law by illegally agreeing with a potential competitor, Golf Canada, to allo
