SGB Update Apparel
HBI to Cut Another 395 Jobs
Hanesbrands Inc., the parent of Champion and Duofold, said it will trim 210 management and corporate positions to reduce costs, and also plans to close a China Grove, NC yarn plant by the end of the year, affecting another 185 employees. Hanesbrands has a
Steve and Barry’s to Liquidate
Steve & Barry's has filed for bankruptcy protection a second time, less than five months after its initial filing, with a plan to fully liquidate. According to the company's Chapter 11 petition filed late Wednesday, the 276-store retail chain sa
Shoe Carnival Q3 Hampered by Slow Traffic
With store traffic slowing significantly after the back-to-school selling period, Shoe Carnival reported Q3 earnings fell 38.1% as net sales slid 2.2% and comps dropped 5% for the quarter. On a conference call with analysts, SCVL President and CEO Mark L
2009 Tour de Georgia Canceled
Organizers canceled the Tour de Georgia cycling race for 2009 after failing to secure sponsorship dollars in the face of a looming state budget deficit and belt tightening by many corpoprate sponsors. The board of directors for the race, which has become
Nike Increases Quarterly Dividend by 9%
Nike's board of directors has declared a regular quarterly cash dividend of 25 cents per share on the company’s outstanding Class A and Class B common Stock. On an annual basis, this is an indicated rate of $1.00. The 25 cents per share quarterly div
Big City Mountaineers Wins $90,000 Grant
The Stewardship Council, a land conservation and youth investment program, awarded Big City Mountaineers in Alameda County, CA. $90,000 to introduce underserved families to nearby parks and outdoor recreation…
Average U.S. Household to Spend 11% Less this Holiday
U.S. households are expected to spend an average of $418 on gifts during the holiday season, down from last year’s estimate of $471, The Conference Board reported Friday. “This is shaping up to be one of the most challenging holiday seasons in years and i
American’s Drive 4.4% Fewer Miles in September
Americans drove 4.4% less, or 10.7 billion fewer vehicle miles traveled (VMT), in September 2008 than September 2007, the eleventh-straight month of declining driving. The bad news, the decline has cost the Highway Trust Fund, the primary source of federa
Holiday Gift Card Sales Expected to Decline
Shoppers’ price-conscious mentality is taking a toll on the season’s most-requested present: gift cards. The National Retail Federation's sixth annual Gift Card Survey found that gift card sales will fall nearly 6% this holiday season to $24.9 billio
Hibbett Raise Earnings Outlook on 8.1% Sales Increase
Hibbett Sports Inc. raised its earnings outlook for the fiscal year ended Jan. 31, 2009 saying its IT investments were helping it better manage inventory and boost comp store sales despite economic headwinds. The company said net sales rose 8.1% on a 0.4%
Zumiez Q3 Comps Drop 5.8%, Net Sales Rise 7.9%
Zumiez Inc. saw total net sales for the third quarter ended Nov. 1, 2008 increased by 7.9% to $112.2 million from $104.0 million reported in the third quarter ended Nov. 3, 2007. Comparable store sales decreased 5.8% for the third quarter of fiscal 2008 c
Foot Locker Reports Q3 Sales Slip 3.5%, Cuts FY EPS Outlook
Foot Locker, Inc. reported net income of $24 million, or 16 cents per share, for the third quarter ended Nov. 1, 2008, compared with net loss of $33 million, or 22 cents per share, last year. But the retailer lowered its guidance for fiscal 2008 below ana
Report: Steve and Barry’s to Liquidate
Steve & Barry's LLC is set to announce this week it will go out of business, according to a report in the Wall Street Journal. Bay Harbour Management LC, the private-equity firm based in New York that acquired 175 of the stores less than three months
TSL Snowshoes Adds to Sales Team
TSL Snowshoes, manufacturer and distributor of domestically produced snowshoes, has added the Shaw & Heald Sales group to their national sales rep team. The group headed up by Andy Shaw and Scott Heald will be responsible for the New England Territory…
Sugoi Names Marketing Manager
SUGOI Performance Apparel, a division of Dorel Industries, named Kara Hurry as its new marketing manager. Before joining SUGOI, Hurry, a native Australian, served as the Marketing Services Manager for Australian Wool Innovation (AWI) in New York. At AWI,
