SGB Update Apparel
K-Swiss Sees U.S. Weakness Potentially Spreading to International Business…
K-Swiss, Inc. attempted to temper Wall Street expectations once again last week as the company posted a disappointing third quarter and reminded analysts on a quarterly conference that it would be late 2008 and possibly 2009 before the brand would see a t
Weather Plays a Part in Weak October Comp Sales Growth…
Retail comparable store sales managed a low-singles increase for the fiscal month of October as continued warmer than average weather battled marketplace worries over a looming recession for which external factor could do the most to hamper growth…
Golfsmith Gets New Store Boost in Q3…
Golfsmith International Holdings posted double-digit sales growth for the third quarter as the addition of 15 new stores in the trailing 12 months and the extended warm weather selling season boosted top line growth despite a slight downturn in quarterly
Adams Golf Slims Q3 Loss on Sales Jump…
Adams Golf followed the general golf market strength in the third quarter, posting a mid-20s sales increase while slimming its quarterly loss at an even bigger rate. The company saw sales growth in each club category as well as in each geographic region f
Sports Direct Sells Amer Stake…
Sports Direct, the UK retailer controlled by Mike Ashley, sold its entire stake in Amer Sports for €166.6 million ($242 mm). The retailer has made a profit of around £25 millioin since first buying into the Helsinki-listed group in June and raising its st
Sport Chalet Sees Tough Fiscal Second Quarter…
Sport Chalet saw some difficult conditions during their fiscal second quarter, which ended on September 30, 2007. Sales during the quarter were negatively impacted by softer macroeconomic trends and management said that same-store sales were affected by c
The Walking Co. Racks up 9.6% Q3 Comp Gain
The Walking Co., which is part of Big Dog Holdings, reported third quarter revenues jumped 20% to $36.9 million from $30.7 million in Q3 last year, driven by a 9.6% comp increase and 26 net new stores versus last year. TWC opened six stores in the quarter
Princeton Ski Shop Files for Bankruptcy
Citing unseasonably warm weather and heightened competition, Princeton Ski Shop Inc. filed for bankruptcy in the U.S. Bankruptcy Court for the District of New Jersey in Newark. The company, based in Clifton, NJ, operates four stores in New York City ( 22n
Five Things Every Company Should Know About Doing Business in China…
As more companies are looking for any advantage they can get in the marketplace, finding inexpensive labor and efficient infrastructures has become one of the most competitive playing fields in modern day business. In the last decade, one country has come
Zumiez Cuts Guidance on Weaker-than-Expected October Comps…
Zumiez Inc. recorded a 5.1% increase in October same-store sales after an increase of 15.9% in the year-ago month. Total net sales for the period increased 24.6% to $24.7 million from $19.9 million last year…
SRAM Acquires Zipp
SRAM Corporation completed its acquisition of Compositetech Inc., which makes products under the Zipp name. The Zipp management team will remain intact and continue to report to Andy Ording, president of Zipp…
Birkenstock USA Sold to Birkenstock Family
Birkenstock Distribution USA, the employee-owned importer and distributor of Birkenstock footwear in the U.S., has been sold to members of the family that has produced the line since 1774. Birkenstock USA had been 100 percent owned by employees since Octo
Lou Spagna Takes Over as Man Alive President
The Finish Line appointed Lou Spagna as president of Man Alive. Mr. Spagna will report to Glenn Lyon, President of The Finish Line. Mr. Spagna brings over thirty years of experience in the apparel retail industry and a proven track record of leading retai
Johnson Outdoors Marine Acquires Geonav
Johnson Outdoors reached agreement to acquire Geonav, a leading marine electronics brand in Europe. The Geonav chartplotter and marine accessories brand and assets were acquired in a stock purchase from Nanionics of Viareggio, Italy…
SpringBoost Expands Sales Team
SpringBoost hired 12 new sales reps who will report to Kim Walsh, recently promoted from Regional Manager to the newly created position of manager of U.S. Sales. She reports to Donald W. Johnson, newly appointed vice president of sales…
