SGB Update Apparel
Mervyns Files for Bankruptcy
Mervyns LLC filed for Chapter 11 bankruptcy late Tuesday. The mid-tier department store chain said it plans to keep its 177 stores open while they restructure the retailer's debt and “realign” business operations. The retailer said it has identified
Running Footwear Category Definitions Shifting
For decades, performance running shoe makers have segmented their product lines into distinct categories, effectively divided between stability, cushioning and motion control. Today, however, market forces are blurring those traditional definitions as inn
“I Will” Campaign to Launch at OR Summer Market
The Outdoor Foundation is challenging members of the outdoor sporting goods industry to sign a pledge at the OR Summer Market next month in which they promise to take two kids outside at least once in the next year to promote outdoor recreation…
Crocs Lowers Guidance; Shares Hammered
Crocs Inc. said it expects second quarter sales to range between $218 million and $233 million and earnings per share in the range of 3 cents to 7 cents. These estimates compare to previous guidance of revenues ranging from $247 million and $258 million
Brunswick Posts Q2 Loss on Charges
Brunswick Corporation reported a net loss of $6.0 million, or 7 cents per diluted share, for the second quarter, compared with net earnings of $56.9 million, or 63 cents per diluted share, from continuing operations for the same period last year. The seco
Lacrosse Reports Solid Q2 Despite Outdoor Regression
LaCrosse Footwear, Inc. said second quarter net income rose 47% on a 12% increase in consolidated net sales to $27.8 million for the period. Sales growth, however, came from the work and military markets rather than the outdoor market, where sales actuall
Columbia Sportswear Posts Q2 Loss
Columbia Sportswear Company’s U.S. sales tumbled 18% in the second quarter as reduced consumer spending levels and tighter credit markets “caused retailers to request unusual and unpredictable levels of order delays and cancellations.” The company posted
West Marine Q2 Comps Slip
West Marine, Inc. reported sales reached $226.7 million for the fiscal second quarter, down 8.2 % from net sales of $247.1 million for the same period in 2007. Comparable store sales also declined 7.8% compared with the same period a year ago…
FEW New Zealand Names Sales Manager
FEW New Zealand, a lifestyle apparel brand for men and women, has named Fran Frost global sales manager…
GSI Commerce Sees 47% Revenue Hike
GSI Commerce Inc. reported net revenues in its second quarter jumped 47% to $193.2 million from $131.3 million. The net loss was $19 million or 40 cents a share, compared to a loss of $5 million or 11 cents, a year ago…
FGXI Hires Dragon Optical Marketing Exec
FGX International has hired the former director of marketing for Dragon Optical to take over its Quantum Lifestyle/Sun Brands division. Scott Sorensen will be responsible for the Anarchy, Angel and Gargoyles fashion and action sports brands, as well as se
Knights Apparel Opens HQ in Spartanburg
Knights Apparel Inc. has completed the relocation of its corporate headquarters from Oak Brook, Ill., to its existing facility in Spartanburg. Knights, a leading producer of licensed sports apparel, has consolidated all of its operating areas under one ro
Cybex Q2 Profits Decline
Cybex International, Inc., the fitness equipment manufacturer, reported sales for the second quarter fell 4.6% to $33.1 million from $34.7 million for the corresponding 2007 period. Net income nosedived 88.4% to $128,000, or 1 cent a share, from $1.1 mill
Shoe Pavilion Shares to be Delisted
Shoe Pavilion has received a letter from the The Nasdaq Stock Market (“Nasdaq”) indicating that its stock will be delisted from Nasdaq because of its bankruptcy filing. According to a filing with the SEC, if the company does not appeal Nasdaq's deter
Mervyn’s Faces Liquidity Crisis
Mervyn's LLC, the California mid-tier department-store chain, may be forced to file for Chapter 11 bankruptcy protection as some of its vendors have halted shipments to the company and key lenders have pulled financing, according to published reports
