SGB Update Footwear
Rocky Brands Pays Down High Interest Loan
Rocky Brands, Inc. said its lenders advanced it $15 million from a LIBOR plus 3.75% revolving credit facility to pay down its balance on an 11.5% term loan. The disclosure follows yesterday's news that the company completed a stock sale to raise $14.
Report Sees Shift in Brand Loyalty Among Young Consumers
Nike is still clearly the brand to beat among younger consumers, but support for the brand wanes as teens move into their college years…
Adams Golf Sees First Quarter Sales Slip but Profit Surges on Wider Margins
Adams Golf reported total sales for the first quarter ended March 31 slipped 4.8% to $22.4 million from $23.5 million in the year-ago period, but net profit improved significantly to $1.7 million, or 21 cents per diluted share, from $363,000 a year ago…
Easton-Bell Sports Q1 Net Income Falls Despite Sales Gain
Easton Bell Sports reported that net sales for the first quarter ended April 3 rose 5.0% to $194.1 million as growth in the Team Sports segment was partially offset by a decline in Action Sports segment sales…
VF Outdoor Fined on Antimicrobial Claims
VF Outdoor, Inc. will pay $207,500 for allegedly making unsubstantiated public health claims such as providing “antimicrobial protection” and inhibiting the growth of “disease-causing bacteria” for more than 60 shoe models sold und
Speedo Q1 Sales Slide
The Warnaco Group's Swimwear Group, which includes Speed as well as Calvin Klein swimwear, reported sales in the first quarter fell 8.4% to $87.9 million from $96.0 million in the year-ago qarter, primarily as a result of reduced sales to membership
Gildan Boosts Guidance on Record Q2 Sales
For the second consecutive year Gildan Activewear Inc. has released record financial results for the company’s fiscal second quarter ended April 4 and upped its sales guidance in response to the positive changes in market conditions…
Broder Bros. Narrows Q1 Loss on Better Margins, Sales…
Citing higher gross margins and higher unit volumes, Broder Bros. was slightly up in the first quarter of 2010, posting net sales of $153.5 million compared to $151.7 million for the first quarter of 2009…
Head NV Gets Q1 Boost from Racquet Sales Gain; Economy Hurts Diving Biz…
Head N.V. finished its first quarter with sales and earnings improvements in two of the company’s three main segments…
Heelys Q1 Sales Fall Again But Cost Cuts Minimize Bottom Line Damage
Heelys Inc. said general economic weakness and bad weather in the Northeast and Midwest sank sales during the first quarter ended March 31, but improved cost cutting measures helped minimize the company’s net loss…
Sports Authority to Launch New ‘S.A. Elite’ Store Concept
The Sports Authority is launching a new smaller concept, S.A. Elite, focusing on higher-end footwear and apparel…
TAF Parent to Liquidate in Asset Sale
NexCen Brands Inc. said it agreed to sell its franchise businesses, which includes The Athlete's Foot and Shoebox New York, to an affiliate of private-equity firm Levine Leichtman Capital Partners for $112.5 million…
Retail Container Traffic Up 10% in May
Import cargo volume at the nation's major retail container ports is expected to be up 10% in May with double-digit increases expected into this fall as the U.S. economy improves, according to the monthly Global Port Tracker report from the National R
Rocky Prices Closes Secondary Offering
Rocky Brands Inc. said it expects to raise $14.1 million from a secondary offering…
WTO Agrees to Probe EU Duties on Chinese Footwear
World Trade Organization judges agreed to investigate whether European Union anti-dumping tariffs on Chinese shoes unfairly harm China's exporters…
