SGB Update Footwear
G-III reports 37.1% Jump in 2008 Sales
G-III Apparel Group, Ltd. reported sales increased by 32.6% in the fourth quarter ended Jan. 31, to $170.7 million from $128.7 million. The company lost $32.1 million, or $1.93 a share, due to a goodwill impairment charge…
Sears Holdings Names SVP/President, Fitness and SG
Sears Holdings Corporation has named Hugo Malan as SVP and president, Fitness and Sporting Goods. Malan most recently served as Managing Director, Barclays Capital…
Targeted Endorsement Dollars Still a Wise Spend
Athlete and celebrity endorsement dollars are best spent when targeting a young or minority sports or outdoor consumer in the U.S. That is one conclusion generated by the SportsOneSource 2009 Brand Strength Report that measures how American consumers vie
Burton Founders Eliminate Own Salaries as Layoffs Occur
Burton implemented cost savings initiatives last week as it reduced head count and implemented a reduction in salaries across the board. In a move that should likely garner more attention than it has, Burton owners Jake and Donna Carpenter have chosen to
Mammut Sales Rise 8.8% in 2008…
Mammut Sports Group reported an increase in sales of 8.8% to CHF 192.6 million ($171 mm) lfor 2008 thanks primarily to buoyant demand for clothing and technical products. The company stated that without currency translation effects, growth would have reac
The Walking Company to Restructure After Tough Q4
The Walking Company Holdings, Inc. reported fourth quarter net sales increased 3.9% to $ 79.6 million from $76.6 million last year as full year sales grew 3.5% to $241.5 million from $233.3 million in 2007. Sales growth was primarily due to the addition o
JJB Sells Health Club Division, Fires CEO
JJB Sports has moved its health club division off its books, while also removing CEO Chris Ronnie from the corner office. Among all those shifts, the company also reiterated its earlier guidance of a 2008 loss of between £5 million ($7.3 million) and £10
Hanesbrands Staff Cuts Continue
Hanesbrands Inc., the parent of Champion and Duofold, eliminated 46 hourly employees at its service center in Martinsville, VA. Prior to the job reductions, the plant employed a workforce of approximately 300…
Lululemon Sees Net Income Down on Charges, Comp Sales Decline
Lululemon, Inc. management said they were pleased to have met earnings expectations in light of the current economic environment, but the company was not completely immune to its effects. The yoga lifestyle vertical retailer said they have been nimble an
Shock Doctor Gets Injunction Against XO Athletic…
Shock Doctor, Inc. said XO Athletic Company had consented to a permanent injunction prohibiting it from infringing Shock Doctor’s Gel Max Mouthguard patent…
Under Armour CEO Misses ’08 Bonus
Under Armour, Inc. CEO Kevin Plank voluntarily cut his $500,000 salary to $26,000 last year, according to a filing with the SEC. When the company recently fell short of its 2008 revenue target of $775 million by nearly $50 million, Plank also became ineli
Li and Fung 2008 Sales Up 20%; Profits Slip
Li & Fung Limited reported revenues for the year ended December 31 was HK$110.7 million ($14.2 million), a 20% increase from last year’s numbers…
NRA Hails Gun Advocates in Senate
The attempt to blame America’s lawful gun owners and its gun laws for the horrific violent acts of Mexican drug cartels continues, spurred on by Secretary of State Clinton and her foray south of the border…
USA Racquetball Appoints Marathon Projects as Licensing Agent
USA Racquetball (USAR), the national governing body for the sport of Racquetball and for the U.S. Olympic Committee, appointed Marathon Projects as its licensing agent. Marathon Projects will develop and oversee the program with a focus on a complementar
NGP Names Distributor for Middle East
National Golf Products (NGP) has named Synergy LLC as its official distributor in the Middle East. NGP's first partner in the Middle East, Synergy LLC, based in the Sultanate of Oman, is the region's leading supplier of golf maintenance equipmen
