SGB Update Footwear
Weekend Snowstorms Impact Super Saturday Sales
A heavy snowstorm that swept the East Coast over the weekend may have cost retailers the potential for any upside to holiday sales. Weather-tracking firm Planalytics estimated that the snowstorm cost U.S. retailers about $2 billion of sales they will not
Finish Line Q3 Sales Slip 0.2%; Comps Up 1.7%
The Finish Line, Inc. reported recently net sales for the third quarter ended Nov. 28 slipped 0.2% to $240.1 million versus net sales of $240.6 million a year ago. As previously disclosed, the company exited the Man Alive business effective July 4, 2009.
Roger Talermo to Exit Amer Sports
Amer Sports Corp. said its Chief Executive Roger Talermo will leave the company and be replaced by Heikki Takala on April 1, 2010, according to the Associated Press…
Quiksilver’s Q4/FY09 Top Lines Slide Low Teens; Brands to Refocus on Core Markets
Following up on a third quarter that saw it post a small profit despite weakness in all three regions, Quiksilver, Inc. reported results for the fourth quarter of 2009 were better-than-expected as the surf and skate giant implemented numerous cost cuts to
True Temper Completes Financial Restructuring
True Temper Sports, Inc. completed its financial restructuring plan in bankruptcy proceedings. An investor group led by Newport Global Advisors and Providence Equity Partners joined together to acquire a majority equity interest in the golf shafts and per
Amer Won’t Sell Mavic Cycling Business
Amer Sports has decided to keep France-based bicycle component unit Mavic. Amer had announced in September it was mulling “strategic alternatives” with respect to Mavic…
Preferential Trade Programs Could Expire Dec. 31
The U.S. House of Representatives approved legislation last week to extend by one year the Generalized System of Preferences (GSP) and the Andean Trade Preferences Act (ATPA) programs. It is now up to the Senate to pass the legislation before both expire
Rossignol Expects FY09 Profit Despite Rocky Start
In a somewhat surprising move, the previously-maligned Rossignol brand said it expects to be profitable in the fiscal year ending in March thanks to cost cutting and good snow, CEO Bruno Cercley told several sources during the grand opening of the company
Quiksilver Q4 Top Line Slides; Brand to Refocus on Core Markets
Following up on a third fiscal quarter that saw it post a small profit despite weakness in all three geographic regions, Quiksilver, Inc. reported a bottom-line loss for the fourth fiscal quarter ended October 31 that was seen as better-than-expected…
SGMA Launches New Trade Association for Fitness Market
The Sporting Goods Manufacturers Association (SGMA) has created the Association of Fitness Industry Retailers & Manufacturers (AFIRM) to cater to the government affairs, educational and market research needs of fitness industry manufacturers and retailers
Preferential Trade Programs Could Expire Dec. 31
The U.S. House of Representatives approved legislation last week to extend by one year the Generalized System of Preferences (GSP) and the Andean Trade Preferences Act (ATPA) programs. It is now up to the Senate to pass the legislation before both expire
JJB Sees 29% Sales Decline for Trailing 20 Weeks
After posting first half sales that plummeted 21.3% and margins that fell more than 14 percentage points, it doesn’t appear JJB Sports Plc. will be able to rebound in the second half. The UK-based retailer said that on a like-for-like basis, its rev
Louis Vuitton Settles with New Balance
Louis Vuitton agreed to stop selling its Minstrel shoe line as part of a settlement reached with New Balance Athletic Shoe Inc., which had accused the French luxury goods company of copying New Balance's best-selling 574 shoe. New Balance, which file
Lead in Logo Prompts Timberland Boot Recall
Timberland recalled about 21,000 pairs of its Classic Scuffproof boots for children because the logo stamped onto the boots' insoles contains excessive levels of lead, violating the federal lead paint standard. No injuries or incidents have been rep
The North Face Sues The South Butt Over Parody
The North Face filed a lawsuit against the teenage owner of The South Butt, claiming that the St. Louis-area parody company is infringing on the established apparel-maker's trademark and products…
