SGB Update Footwear
Target April Comps Remain Steady
Target Corporation said net retail sales for the four weeks ended May 2, 2009 were $4.45 billion, an increase of 4.5% from $4.25 billion for the four weeks ended May 3, 2008. On this same basis, April comparable-store sales increased 0.3%…
DSW Opens 300th Store in Folsom, CA
DSW is opening its 300th store in the U.S. The store is in Folsom, CA, and is the 100th opening for the company in the past three years. Today, DSW operates stores in 37 states as well as an e-commerce channel…
Crocs Q1 Sales Drop; Net Loss Widens
Crocs, Inc. reported 2009 first quarter revenue was $134.9 million, down 32% from $198.5 million in the year ago period. The company reported a net loss of $22.4 million in the first quarter of 2009 with a diluted loss per share of 27 cents compared to a
Adidas’ CEO Gets Contract Extension
Adidas Chief Executive Herbert Hainer will stay in his job beyond 2010, the company said Thursday. Hainer, who has been CEO since March 2001 and with Adidas AG since 1987, had his contract extended, the company announced at its annual general meeting. The
Danskin Triathlon Series Celebrates 20 Years
The Danskin Triathlon Series — the largest and longest running women's triathlon series in the world – celebrates its 20th Anniversary this year with an expanded schedule of events, a new partnership and innovative programming designed to inspire an
Retail Import Volume at Lowest Level in Five Years
Import cargo volume at the nations major retail container ports improved in March over February¹s seven-year low, but was still at its lowest level in five years and remained below the 1 million mark, according to the monthly Port Tracker report released
RECALL: Ambler Mountain Works Children’s Beanies
The U.S. Consumer Product Safety Commission, in cooperation with Ambler Mountain Works announced a voluntary recall of the Erwin Beanie and Poseidon Beanie Children’s Knitted Hats. Consumers should stop using recalled products immediately unless otherwise
Cybex Posts Loss on 28% Sales Tumble
Cybex International, Inc., the manufacturer of exercise equipment, said sales for the first quarter of 2009 decreased by 27% to $28.9 million compared to $39.8 million a year ago. The company reported a net loss of $1.4 million, or 8 cents a share, in the
Petzl Foundation to Sponsor Access Pan America Conservation Initiative
Petzl has partnered with Access Pan America through a grant from the Petzl Foundation. Access Pan America is a newly established organization dedicated to protecting climbing access across the Americas. It will be the first and only organization of its
Milwaukee PD Switches to Smith and Wesson
Smith & Wesson Corp., said the Milwaukee Police Department will equip its entire 2,000-officer force with Smith & Wesson Military & Police (M&P) Series pistols. The conversion comes on the heels of the Department's announcement in the Fall of 2008 th
Nfinity Taps Inman as Brand Manager
Nfinity announced this week that Alaina Inman has joined the company as corporate brand manager. In her new position, Inman will be responsible for overseeing alignment among the business units, marketing and PR campaigns, and Nfinity brand management and
K2 Snowboarding Hires New Global Marketing Manager
Seattle-based K2 Snowboarding named Steve Metcalf Global Marketing Manager to lead all marketing and communications for the snowboard company. Metcalf previously developed marketing programs as the brand director and film producer for Aspen/Snowmass, one
Russell Releases Customer Letter Regarding Labor Allegations
Russell Athletic sent a four-page letter to its retail, team, university, and licensing partners to further explain and defend itself against anti-union and sweatshop allegations from activist groups. In the letter, Gary Barfied, Russell's EVP, wrote
Crown Acquisitions Agrees to Buy Filene’s Basement.
Filene's Basement Inc. filed for Chapter 11 bankruptcy protection and concurrently announced that it had entered into an agreement with an affiliate of Crown Acquisitions to purchase 17 of the chain's 25 stores, including the flagship stores in
Excess Inventories at Retail Impact Unifi’s Third Quarter…
Unifi is seeing excess inventory at retailers and vendors work its way up to the suppliers. The company reported fiscal third quarter net sales fell 30.0% to $119.1 million compared to $169.8 million for the prior year’s fiscal third quarter. The cumulati
