SGB Update Footwear
Nike’s North America Momentum Can’t Offset China Concerns
Nike Inc., largely as expected, reported earnings slid 12.1 percent in its first quarter ended Aug. 31 due to lower gross margin, higher SG&A, unfavorable currency translation and an increase in the tax rates. Excluding currency changes, revenues were up
New Balance’s Momentum Continues in 2012
With both its wholesale accounts and licensed stores delivering robust growth this past Spring/Summer season, New Balance said last week that it's heading into fall with expectations of achieving $2.5 billion in global sales by 2013. In 2011, worldwi
Finish Line To Open Shops Inside Macy’s
Finish Line reached an agreement to open Finish Line-branded athletic footwear shops in more than 450 Macy's department stores in the U.S. as well as one online at macys.com. It will also oversee athletic shoe departments in more than 200 other store
Moosejaw Expanding Headquarters
Moosejaw has exercised its option to lease an additional 36,878 square feet of space at its headquarters building in Michigan to accommodate its growth…
California State Park Closures On Hold for Two Years After Budget Fiasco
Assembly Bill (AB) 1478 places a two-year moratorium on the closure of state parks. The bill was crafted in response to the discovery in mid-July that now-former officials at the Department of Parks and Recreation concealed a $54 million surplus over a pe
Oil Prices Could Pressure Synthetic Fiber Suppliers
After a year of synthetic fiber prices remaining relatively stable in the midst of a volatile cotton market, gross margin erosion could become a more significant risk among companies using or producing goods such as nylon and polyester if crude oil prices
Nikwax N.A. Hires Newest Rep Agency
Nikwax North America hired Outdoor Marketing Alliance (OMA) as the company’s newest sales rep agency. The sales specialist and marketing group will support Nikwax in 20 states in the Southeast, South Central and Upper Midwest part of the U.S…
U.S. Open Champion Webb Simpson Joins Izod
PVH Corp. announced a multi-year marketing partnership between its Izod brand and 2012 U.S. Open champion Webb Simpson…
Vibram USA Named Grassroots Outdoor Alliance Vendor Partner
Vibram USA, Inc., which turned Vibram FiveFingers into a $100 million brand within five years of launching the footwear brand through specialty retailers, has joined Grassroots Outdoor Alliance as a vendor partner…
Nike’s Q1 Profit Slides 12 Percent, Nike Brand Futures Ahead 6 Percent
Nike Inc. reported earnings slid 12.1 percent in its first quarter ended Aug. 31 due to lower gross margin, higher SG&A and an increase in the tax rate, but results still came in ahead of Wall Street's estimates. Revenues for Nike, Inc. increased 10
Modell’s Makes Donation to Hoboken Charter School
Modell’s Sporting Goods is donating $5,000 worth of equipment to the Hoboken Charter School. A four-alarm fire caused heavy damage to the school's permanent location at 713 Washington St. on Sept. 6, displacing the roughly 200 kindergarten thro
Kids Foot Locker Celebrates Nickelodeon’s Worldwide Day Of Play
Kids Foot Locker is partnering with Nickelodeon for its ninth annual Worldwide Day of Play, held on Saturday, Oct. 6, 2012…
Princeton Tec Praised By U.S. Secretary of Labor
Princeton Tec was praised by U.S. Secretary of Labor Hilda Solis as an example of insourcing and domestic manufacturing during her visit to the company's Bordentown, NJ headquarters…
DSW Opens In Brea, CA
DSW Inc. opened a new store in Brea Plaza in Brea, CA on Sept. 27…
AAFA Welcomes Pending Burma Sanctions Lift
The American Apparel & Footwear Association (AAFA) welcomed the announcement by the Obama Administration that it will begin the process of lifting sanctions against Burma (also known as Myanmar), including a ban on U.S. imports from that country…
