SGB Update Apparel
Costco’s U.S. Comps Climb 9% in August
Costco Wholesale Corporation reported net sales increased 12% to $5.41 billion for the month of August from $4.84 billion a year ago. On a same-store basis, sales grew 9% in the U.S. and 6% internationally…
Study: Foot Locker Most Recognizable Sports Retail Brand
The Foot Locker retail brand is the most recognizable of all sports or outdoor retail brands in the U.S., based on a recent survey conducted by The SportsOneSource Group. The resulting How America Shops Study, released this week, found that 89% of all re
NexCen Board Member Resigns
Jack Rovner has resigned from the board of NexCen Brands, Inc., the parent of The Athlete's Foot. He was elected director of the company in October of 2006. Rovner is the co-owner and partner of Vector Management, an artist management firm in the mus
Summer Trends Show Shifting Lifestyles, New Priorities
As families struggle with the rising cost of gasoline, the increased cost and inconvenience of summer travel and the much-publicized scare from the effects of BPA in some consumer products, there have also been big benefits this summer for categories and
Famous Footwear Sees Bright Spot in Athletics in Q2
Although Famous Footwear continues to see encouraging trends in athletics, soft consumer spending led to a decline in store traffic and increased promotional activity as the retail chain showed a 2.9% Q2 comp decline. Earnings came in well below those of
CFL and Reebok Enter Five-Year Partnership Deal
The Canadian Football League and Reebok Canada announced a new five-year deal in which Reebok will be the exclusive supplier of uniforms and sideline apparel for the league…
Danner Gets Largest Military Boot Order of 2008
LaCrosse Footwear’s Danner subsidiary received a $3.2 million delivery order as part of a new contract with the Department of Defense. The contract calls for delivery of the Danner Marine Temperate boot within the next 60 days. The company said this contr
Former Rossignol CEO Lands Deal to Buy Brand
Quiksilver, Inc. found a buyer for the Rossignol Group with help from a former executive and current competitor. The action sports giant said last week it had reached a definitive agreement to sell Rossi to Chartreuse & Mont Blanc (C&MB), a company formed
Hundreds of Delegates Ride Bikes in Denver
Just one day into the Democratic National Convention, more than 1,400 people had participated in Freewheelin, a bike-sharing program from Humana and Bikes Belong…
REI Names New VP of Information Technology
Recreational Equipment, Inc. named Bill Baumann vice president of information technology (IT). He was most recently the VP of IT with Musician's Friend/Guitar Center in Medford, OR. That company sells more than $600 million a year via its web site, w
SKECHERS Expands into Hong Kong
SKECHERS USA, Inc. announced that it has expanded its operations in Hong Kong and Macau through a joint venture (known as SKECHERS Hong Kong Limited) with the Onwel Group, a leading fashion company in the region. The new joint venture in Hong Kong follows
Warrior Files $30 Million Lawsuit Against NCAA
Warrior Lacrosse, based in Lansing, MI, and Athlete's Connection Inc., a retailer based in Lansing, MI, has filed a lawsuit against the NCAA seeking damages of more than $30 million they say will be caused under new men's lacrosse equipment rule
Acushnet Plans Ball Plant in Asia
The Acushnet Company plans to produce its top-selling Titleist Pro-V1 golf balls at a factory somewhere in Asia within 3 to 5 years. Domestic production of the Pro-V1 eventually will be trimmed about 20 percent and an estimated 100 jobs will be eliminated
Skechers Rolls Out Bid for Heelys
Skechers USA Inc. makes an unsolicited offer to pay $142.8 million for Heelys Inc., but the struggling wheeled sneaker maker rejected the offer as being too low…
Bob’s Stores Sold to Private Equity Groups
TJX Cos. Inc. is selling Bob’s Stores to a pair of private equity firms, Philadelphia-based Versa Capital Management and Boston-based Crystal Capital.
