SGB Update Apparel
Steve and Barry’s to Close 103 Doors
Steve & Barry's, which is currently in the midst of bankruptcy proceedings, plans to close 103 stores. The Port Washington, N.Y. based retailer will operate with a smaller base of 173 stores, which the company said would better position it to reach p
GSI, Timberland Take $7 mm Hit
A federal judge has granted preliminary approval to a $7 million settlement submitted by GSI Commerce Inc., Timberland and a Florida wireless carrier to settle allegations they sent unsolicited advertisements for Timberland products via text messaging in
Amer Sports Sees Tough Q4 Ahead
Amer Sports could see a “challenging” fourth quarter as economic problems from the United States spill over into Europe, a senior company official said. “There are signs of weakening macro economy also in Europe,” said company spokesperson Pekka Paalanne.
Investors Turn to Outdoor Stocks in Tough Times
The old adage about the sporting goods industry weathering tough economic times got a real test last week. A first blush review of Wall Street results last week reveals that the outdoor industry did fare better than the market as a whole and many other s
Eastern Mountain Sports Sponsors Conservation Festival
Eastern Mountain Sports plans to host “The Nor’easter powered by Eastern Mountain Sports” Sept. 26-28. The weekend festival will feature rock climbing competitions and clinics along with music from Rustic Overtones and Adam Ezra, among others…
Neville to Become CEO of Boathouse Sports
Shawn Neville, former president of Keds, has agreed to join Boathouse Sports, the performance-fabric team uniforms manufacturer, as its CEO, SportsOneSource has learned. The company, based in Philadelphia, currently produces team uniforms for eight sport
TJX Companies Sells Bob’s Stores
The TJX Companies, Inc. reported it has sold Bob’s Stores to private equity firms Versa Capital Management and Crystal Capital. Terms of the sale were not disclosed….
Wolverine Celebrates 125 Years
Wolverine, the outdoor brand, is celebrating its 125th anniversary in 2008. To commemorate such a momentous year, Wolverine will be holding an anniversary sweepstakes. From Sept. 20, 2008 to Nov. 29, 2008, Wolverine patrons can enter to win prizes includi
Russell Named Title Sponsor of NAIA Championship
Russell Athletic and the host committee for the National Association of Intercollegiate Athletics (NAIA) football national championship announced an agreement that grants Russell Athletic “title sponsorship” rights for the 2008 and 2009 NAIA Championships
Head Shifts Canadian Distribution to Subsidiary
Head NV has taken over distribution of its ski and tennis apparel in Canada through a Canadian subsidiary. The company said that beginning in September Head Canada Inc. will ship and service the new collection of 2008/09 HEAD Skiwear…
Outdoor Industry’s Margins Squeezed in Q2
Second-quarter sales were brisk for outdoor vendors and retailers, but declining margins caused declines in profits and return on sales. Sales growth nearly kept pace with inventory growth, a good sign as the industry continues to encounter increasing cos
Cargo Volume Forecast to fall 5% as Retailers Trim Orders
Cargo volume at the nation’s major retail container ports is expected to decline 6% in 2008 compared with 2007 as the nation’s slow economy continues to prompt merchants to carefully manage their inventories, according to the latest Port Tracker report fr
Sher-Wood Hockey Acquires Inglasco Assets
Sher-Wood Hockey Inc. announced that it has purchased the inventory, receivables and certain manufacturing assets relating to Inglasco Ltd., a Sherbrooke, Quebec based producer and distributor of hockey related novelty products as well as NHL and CFL li
Ashworth Considers Sale After Q3 Revenues Slump
Ashworth, Inc. ended a disappointing third quarter with the announcement that it is exploring strategic alternatives including a possible sale or merger of the company. The company has retained Kurt Salmon Associates Capital Advisors as its financial advi
G-III Apparel Widens Q2 Loss
G-III Apparel Group, Ltd. said sales of licensed apparel, which includes sports licensed apparel from the four major sports leagues and the Touch by Alyssa Milano collection, increased 30.1% in the second quarter to $67.8 million from $52.1 million, prima
