SGB Update Footwear
Wolverine Worldwide Posts 2.8% Q3 Sales Gain; Raises Guidance
Wolverine World Wide, Inc. reported revenues in its third quarter ended Sept. 6 grew 2.8% to $318.9 million from $310.2 million in the prior year, led by a high-single gain for the Merrell brand. Earnings rose 5.8% to $31.2 million, or 62 cents a share, f
Mina Out as Foot Locker USA Chief
Foot Locker, Inc. has requested that Richard T. Mina resign from his position as president and CEO of Foot Locker, Inc., U.S.A., effective Sept. 30. According to a filing with the Securities & Exchange Commission, Mina's employment contract with the
Consumer Confidence Increases 1.3% in September
The Conference Board Consumer Confidence Index, which had improved moderately in August, posted a slight gain in September. However, the Present Situation Index decreased to 58.8 from 65.0 and that is based on readings taken before the financial turmoil e
CW-X Partners with American Trail Running Association
Wacoal Sports Science Corp. entered into an agreement with the Teva U.S. Mountain Running Team to provide its CW-X Conditioning Wear running tights for the 2009 team. Teva has been the title sponsor and provided the team’s official footwear since 2002…
The Language of Harassment
For the last 20 years or so, employers have focused on educating their employees regarding harassment laws. This is a good thing and nothing in this article is intended to suggest otherwise. However, this article suggests that, in their desire to squelch
Sports Illustrated Opens First Store
Sports Illustrated opened its first-ever retail store when Detroit Metropolitan Airport unveiled its new North Terminal on Sept. 17. The SI store features an array of branded consumer products including apparel, books and magazines as well as branded merc
Dick’s SG Appoints Schmidt as President
Joseph M. Schmidt, currently EVP of operations and COO, will assume the role of president and COO for Dick's Sporting Goods. The promotion will be effective Feb. 1, 2009, the beginning of the company's 2009 fiscal year. Edward W. Stack will reli
Gander Mountain Inks Deal for Private Label Credit Card
Alliance Data Systems Corporation signed multi-year agreements with Gander Mountain to provide new private label credit card and database marketing services in support of Gander Mountain's multi-channel business…
TaylorMade-adidas Appoints COO
TaylorMade-adidas Golf Company promoted Pete Sanchez to the position of COO. In his new role, Sanchez will oversee the company's engineering, supply chain, sourcing, procurement and all manufacturing operations. Sanchez joined TaylorMade-adidas Golf
Collective Brands Reaffirms Full Year Guidance
Collective Brands Inc. reaffirmed its comparable store sales for the fiscal year, while providing further details of the impact from its acquisition of Stride Rite. The company confirmed expectations for comps to be below its long term target of low-singl
Hanesbrands Moves Sewing from Central America to Asia
Hanesbrands Inc. plans to increase production in Asia by closing down manufacturing operations in the Western Hemisphere. The move, which is expected to be completed by the end of summer 2009, will consolidate production through nine plant closures in fiv
With U.S. Economy Teetering, Outdoor Brands Look to Owned-Retail
At the Thomas Weisel Partners Consumer Conference this week, several major outdoor brands outlined success stories and provided a mostly positive outlook for the future…
With U.S. Economy Teetering, Outdoor Brands Look to Owned-Retail
At the Thomas Weisel Partners Consumer Conference this week, several major outdoor brands outlined success stories and provided a mostly positive outlook for the future…
Genesco Sees Slower Store Expansion, Opportunity for Better Lease Deals
In its first update of its five-year plan since 2006, Genesco Inc. disclosed that it expects store growth to slow down over the next few years but also expects robust bottom line growth. Overall, top-line growth is expected to rise 8% to 10% annually to
The Finish Line Sees Higher Selling Prices Drive Q2 Earnings Growth
Helped by a 10% jump in average selling prices on footwear, Finish Line reported a 91% jump in earnings from continuing operations. On a conference call, Alan Cohen, chairman and CEO, said Finish Line's improved performance “demonstrates in our Finis
