SGB Update Footwear
Broder Bros. Warns of Bankruptcy
Broder Bros. Co. warned that it will have to file for Chapter 11 bankruptcy unless it can exchange $225 million in existing debt for new debt and stock by mid-May. For each $1,000 in old notes paying 11.25 percent and due Oct. 15, 2010, the company said,
Block Corp. Files for Chapter 7 Bankruptcy Protection
Block Corp., which owns licenses for brands such as Izod, Panama Jack and Timberland, filed for Chapter 7 bankruptcy protection. In documents filed with U.S. Bankruptcy Court in the Southern District of New York, the company, which makes men's and ki
Outdoor Cap Named Official Headwear of USSSA
Outdoor Cap Company, Inc. entered into an agreement with the United States Specialty Sports Association on April 13, 2009 to become the official headwear supplier for USSSA…
Bakers Footwear Earnings Plunge in Q4, Comps up 3.6%
Bakers Footwear Group, Inc. reported net income for the quarter plunged to $0.5 million or 7 cents per share from $7.3 million, or $1.03 per share in last year's fourth quarter. Results for the prior year period included a gain of $4.8 million or 67
Adidas Extends Boston Marathon Sponsorship
The Boston Athletic Association, founders and organizers of the Boston Marathon, announced that they had extended their sponsorship arrangement with adidas through 2021. The B.A.A. and the Boston marathon have already been partners with adidas for the las
Outdoor Companies Honored on Best Places to Work List
Deckers Outdoor, Mountain Hardwear, Clif Bar, Smartwool and several other companies recently announced their inclusion in Outside Magazine's 2009 list of “Best Places to Work.” Deckers was ranked No. 26 out of 30 selected companies, while Mountain Ha
Gwen Manto Exits Dick’s Sporting Goods
Gwendolyn Manto has left her role as EVP and chief merchandising officer of Dick's Sporting Goods, Inc., effective April 13, 2009. According to a filing with the Securities & Exchange Commission, the retailer does not expect to replace her in this po
MBT Sponsors Carmichael Training Systems
Chris Carmichael, former Olympic cyclist, founder and CEO of Carmichael Training Systems, Inc., and long-time personal coach to Lance Armstrong, has signed MBT as the official active comfort footwear of Carmichael Training Systems. MBTs are the physiologi
Viridian Green Laser Sights Hires New Marketing Firms
Viridian Green Laser Sights, a subsidiary of Laser Aiming Systems Corporation, has the hired two new sales and marketing groups-H&G Marketing and ProActive Sales and Marketing. ProActive will have account responsibilities in the southeast while H&G will p
Brunton Updates Brand with New Products, Marketing
Camping equipment manufacturer Brunton is rebranding itself with a new marketing campaign to include new advertising and creative, a new product line, website redesign, and an expanded social media initiative.
Brunton’s rebrand is built around the tagline
Forzani’s Fourth Quarter Net Income Falls on Lower Comps, Calendar Shift
The Forzani Group Ltd. saw fourth results negatively impacted by the deterioration in consumer confidence and a comparison to the extended quarter in the prior year. Retail system sales for the 13-week fourth quarter ended February 1 were down 3.4% to CN
Weaker March Retail Sales Comps Provide Some Hope for Months Ahead
Overall same-store sales may have been down in low-singles for March, but retailers exhibited a cautious optimism when discussing outlook regarding the months ahead. Some prognosticators and analysts are suggesting (dare we mention it?) we have seen the
Worldwide Files Suit to Recover Secured Proceeds from Joe’s GOB Sales
In other news related to the Joe’s Sports bankruptcy case, Worldwide Distributors, the buying group that has counted G.I. Joe’s as a Class A member since 1978, has filed suit against Wells Fargo Retail Finance and Crystal Capital Fund Management as agents
SIA: SnowSports Feb. Sales Decline
Snow sports market sales declined 16% overall in February 2009 versus February 2008, according to the most recent SIA Retail Audit Topline Report. Snow sports equipment sales were particularly hard hit in February, as consumers hesitated to purchase big
JJB Sports Proposes New Deal with Landlords
JJB Sports PLC, the U.K. sporting goods chain, has finalized terms for company voluntary arrangements (CVA) as it looks to save its remaining stores. This CVA enables a company to reach an agreement with its unsecured creditors and restructure debts…
